DeFi Users Seek High Yields with Strategy's STRC Dividend

DeFi users are actively routing Strategy's 11.5% STRC dividend through various protocols to achieve yields up to 39%. According to NS3.AI, platforms like Apyx, Saturn, and xStocks have allocated approximately $136 million, $85 million, and $53 million of STRC on-chain, respectively. Pendle reported that yield accrual on YT-sUSDat was paused after the STRC ex-dividend event on April 14, which caused the exchange rate to fall below its watermark.