A Steady Choice Amid Market Turbulence: Analysis of Four Low-Risk Income Products

In April 2025, global financial markets experienced significant fluctuations due to tariff policies. At the beginning of April, a new round of tariff policies was announced, setting different tax rates for major trading partners. These policies triggered strong market reactions, with the S&P 500 seeing a substantial decrease in market value, and Bitcoin prices also experiencing significant volatility.

The Federal Reserve Chairman stated in mid-April that tariffs could raise inflation and suppress growth, but the Fed will focus on long-term data and will not intervene in the market by cutting interest rates. Several investment banks have raised the probability of a U.S. economic recession, and the market outlook is full of uncertainty.

In this turbulent environment, investors may need to consider more robust options. This article will introduce four low-risk yield products based on stablecoins for reference.

Spark Saving USDC ( Ethereum )

Users can deposit USDC on the Spark platform to participate in savings. The revenue mainly comes from the Sky Savings Rate (SSR), supported by activities such as cryptocurrency collateral loan fees, U.S. Treasury investments, and providing liquidity. USDC is exchanged for USDS at a 1:1 ratio through the Sky PSM and deposited into the SSR vault to earn returns, with the value of the sUSDC token growing as returns accumulate.

Risk assessment: Low. USDC has high stability, and Spark has undergone multiple audits, but attention should be paid to the potential impact of market fluctuations on liquidity.

Certain Blockchain BYUSD|HONEY Liquidity Pool

Users can provide liquidity for the BYUSD/HONEY pool on the native DEX of this blockchain, earning LP tokens and staking them to earn rewards. HONEY is the native stablecoin of this chain, while BYUSD is another stablecoin on the chain.

The sources of income include governance token rewards and revenue sharing from trading fees within the pool. Governance tokens can be burned 1:1 for on-chain native tokens and share the fee income of the core dApp.

Risk assessment: Low to moderate. The prices of the two stablecoins are relatively stable, and the smart contracts have been audited. However, rewards may fluctuate due to emission adjustments.

Certain DEX V4 USDC-USDT0 Liquidity Pool

Through the Merkl platform, users can provide liquidity for the USDC/USDT pool of a certain DEX V4. This DEX V4 introduces a "hook" mechanism that allows developers to customize pool functionalities, such as dynamic fee adjustments and automatic rebalancing, enhancing capital efficiency.

The main source of income is platform token incentives.

Risk Assessment: Low to Moderate. USDC/USDT is a stablecoin pair, with low price volatility risk, but attention should be paid to smart contract risks and the possibility of reduced returns after the incentive period ends.

USDC Lending Market on a Certain L1 Chain

Users can deposit USDC to participate in the supply on the decentralized cryptocurrency market on this L1 chain. The market is developed using a specific programming language and is integrated with on-chain stablecoins and liquidity protocols.

The sources of income include USDC supply interest and on-chain token rewards. Reward tokens can be exchanged for on-chain native tokens at a 1:1 ratio, but a small fee is charged at the time of redemption.

Risk assessment: Low to moderate. USDC has high stability, but attention should be paid to the smart contract risks of the ecosystem and the impact of reward token redemption fees on returns.

Summary

In the current market environment, the aforementioned products may provide investors with relatively stable return options. However, any investment carries risks, and investors should make decisions based on their own circumstances and risk tolerance. At the same time, it is important to closely monitor market changes and policy adjustments, and to adjust investment strategies in a timely manner.