Agora + Tristero = 9% yields

Agora and Tristero share a foundational conviction: capital markets must be accessible, fair, and efficient. By fixing the execution and lending mechanics of decentralized credit, we are opening up the next frontier of onchain utility.

Here is what it means for AUSD holders.

With the launch of Tristero Spot Margin and Vaults, you can finally open levered spot longs with predictable, low costs (3–6% rates) and genuine asset ownership — free from the synthetic constraints and unpredictable funding spikes of perpetual futures (perps).

Agora is the enterprise-grade infrastructure layer powering the stablecoin economy. Its flagship asset, AUSD (Agora Dollar), provides the global market with a fully backed stablecoin, the fundamental bedrock required to build advanced, secure financial products onchain.

Some stablecoin issuers operate an extractive business model: they take user capital, buy risk-free U.S. Treasury bills, and hold 100% of the yield float for their own corporate balance sheets while partners and platforms receive nothing in return.

Agora takes a different approach. Built on a partner-first framework, Agora shares revenue with the infrastructure layer and ecosystem protocols that drive its volume and utility. By sharing revenue with Tristero, Agora directly helps fuel the yield and sustainable environment powering our new vaults.

Today, most of the world is locked out of the global financial engine. Billions of people lack access to a stable, inflation-resistant currency, and just ~

10% of the global population owns stocks

.

This is a structural dependency problem: sound money is a prerequisite for access to global markets. Without a reliable, stable asset to store and measure value, local capital cannot safely enter or interact with international assets.

By combining Agora and Tristero, we are solving both layers of this problem at once:

• The Foundation: Agora provides access to a fully reserved asset (AUSD).

• The Bridge: Tristero provides the infrastructure to connect that asset directly to global markets (RWAs).

The result is a financial system that works for businesses and people who have been underserved by the existing infrastructure.

Tristero is officially launching its AUSD Yield Vaults, starting with an initial target yield of 9% APY.

These vaults act as a decentralized capital reserve that fuels Tristero’s spot margin engine. Lenders earn high-quality yield backed by real-world cash flows and over-collateralized trading positions, while traders gain access to a dedicated venue for levered trading.

The rate may evolve as utilization, borrowing demand, and realized strategy performance change. There will be a hard floor of 6% APY for the first 6 months for the first $5M in deposits. Our priority is to offer a sustainable, market-driven return, with any adjustments communicated transparently to depositors.

Until now, DeFi has treated lending (like Aave) and execution (like CowSwap or Uniswap) as separate islands. Coordinating between them is slow, expensive, and risky, with costs passed onto the borrower. Tristero collapses this distance into a single, vertically integrated environment.

The Lifecycle of a Vault Deposit

1. Deposit: An AUSD holder deposits capital into the Tristero Mainnet vault, instantly earning up to 9% APY.

2. Borrow Demand: A margin trader wants to open a levered position against an asset (e.g., RWAs, global equities, or crypto), posting approved collateral.

3. Execution: Tristero routes the vault’s idle AUSD to execute a native spot purchase of the asset in under 15 seconds. The spot asset is securely locked within Tristero’s escrow smart contracts.

4. Risk Mitigation and Settlement: Positions are guarded by a same-block liquidation engine. When a trader closes a position, the asset is wound down, and the AUSD principal plus accrued borrow fees are returned directly to the vault.

Why Tristero Spot Margin Wins

• The Perp Trap vs. Tristero: In 2025, maintaining a levered long on popular perp platforms cost upwards of 18% annualized due to volatile funding rate spikes and “appreciation taxes.” Tristero utilizes a spot borrow model with stable carrying costs that rarely exceed 5%, protecting your margins when your trade wins. You can compare all-in costs

  here

  .

• The Lender’s Fortress vs. Tristero: Tristero handles it all. Our spot engine sources assets with precision execution and manages leverage under one roof.

• Internalized Liquidations: Positions unwind directly against our internal order book.

• Same-Block Execution: Mitigates slippage before it can cascade.

• Trader-First Architecture: Any excess equity goes straight back to your wallet, not a third-party liquidator.

For Lenders and Yield Seekers: Grow your stablecoin holdings. Earn up to 9% yield on your AUSD through the Tristero Mainnet vault, backed by over-collateralized real-world assets and protected by an enterprise-grade liquidation engine.

For Traders & Asset Holders: Capture maximum capital efficiency. Open levered long positions against exotic or real-world assets with one click, taking advantage of lower-cost, highly predictable borrowing terms that protect your margins better than any perp market or CeFi desk.

The era of choosing between cash-bleeding perp funding rates or predatory lending liquidations is over. Put your capital to work in a financial system built to put users first.

• Are you a lender? Deposit your AUSD into the Tristero RWA Vault today.

• Are you a trader? Launch your next levered position with your first $5,000 of margin free and globally competitive execution.

• Find out more about Agora X and LinkedIn