# Earn high yields

dCDS is a high yielding primitive where users can generate high yields on any stablecoin or any token. 

<figure><img src="/files/wy2IgnsmGDFvwo3rxKLV" alt=""><figcaption></figcaption></figure>

Anyone holding stablecoins or volatile tokens can put them to work by providing liquidity to on-chain credit default swaps (CDS) and earn passive yield. \
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Initially we will be accepting these tokens in dCDS

1. USDT
2. USDA+
3. Optimism (OP)
4. Aerodrome (AERO)

These credit default swaps are on-chain and global products. The balances will be transparent to everyone at all times.\
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The yields are generated through option fees deducted from the loan value of borrowers minting USDA+ who are looking for price hedging protection on their tokenised ETH position. The borrowers are not paying anything out of their pocket and instead will just get 3% - 4% less loan value on their ETH position. \
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Our simulations indicate that net yields can reach up to 200%, driven by embedded option premiums. These returns are subject to ETH volatility risk.&#x20;


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