BitHappy
DeFi 爱好者，喜欢钻研投资和空投策略，乐于分享有价值的见解和经验。
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See original
The performance of this on-chain liquidation is better than that of exchanges, especially in the lending aspect.
This is mainly due to the design of protocols like Ethena and AAVE, which, in order to increase TVL, encourage circular lending and fix the value of lending assets to collateral assets at a ratio of 1:1.
For instance, the circular lending of USDT and USDe on Aave previously had no liquidation risk due to the use of a fixed oracle, coupled with subsidy activities at that time, which raised the TVL by billions in just a few days.
This mechanism has also driven almost all stablecoins to be fixed at a ratio of 1:1 in the oracles of lending protocols.
Therefore, most users involved in this on-chain stablecoin circular lending have come through largely unscathed.
However, the most severe liquidation losses for USDe occurred on Binance.
On one hand, Binance launched a promotion offering 12% interest on USDe, attracting a large number of whales to participate in circular lending (resulting in almost total losses). On the other hand, USDe can also be used as contract margin.
I just saw a big shot analyze that this waterfall event was triggered by the chain reaction of USDe liquidations, but the post has already been deleted.
Latest news: Binance will compensate users affected by USDe, BNSOL, and WBETH.
This is mainly due to the design of protocols like Ethena and AAVE, which, in order to increase TVL, encourage circular lending and fix the value of lending assets to collateral assets at a ratio of 1:1.
For instance, the circular lending of USDT and USDe on Aave previously had no liquidation risk due to the use of a fixed oracle, coupled with subsidy activities at that time, which raised the TVL by billions in just a few days.
This mechanism has also driven almost all stablecoins to be fixed at a ratio of 1:1 in the oracles of lending protocols.
Therefore, most users involved in this on-chain stablecoin circular lending have come through largely unscathed.
However, the most severe liquidation losses for USDe occurred on Binance.
On one hand, Binance launched a promotion offering 12% interest on USDe, attracting a large number of whales to participate in circular lending (resulting in almost total losses). On the other hand, USDe can also be used as contract margin.
I just saw a big shot analyze that this waterfall event was triggered by the chain reaction of USDe liquidations, but the post has already been deleted.
Latest news: Binance will compensate users affected by USDe, BNSOL, and WBETH.
BitHappy
--
The grid I just added a couple of days ago disappeared in less than a day, 😭
The key is that I woke up late, and most of the targets have returned.
Now I have a full hand of U, what should I buy?
{future}(PENDLEUSDT)
{future}(BNBUSDT)
{future}(SOLUSDT)
The key is that I woke up late, and most of the targets have returned.
Now I have a full hand of U, what should I buy?
{future}(PENDLEUSDT)
{future}(BNBUSDT)
{future}(SOLUSDT)
See original
The TGE for Backpack should be coming soon!
A simple estimation of the value of points based on different FDV and airdrop ratios, for your reference～
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
A simple estimation of the value of points based on different FDV and airdrop ratios, for your reference～
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
See original
Is this the big guy from Genius Terminal?
I topped up and traded $5 yesterday to test the small account of Genius wear and tear. Today, I received two refunds totaling $15, with a net profit of $10!
The small account didn't have Gas pre-deposited, so during the Swap, $4.x was lost.
I thought this loss was gone for good, but I clicked 'Contact Customer Service' in the order.
This morning and afternoon, I received two refunds separately.
This is likely a bug. If you've experienced significant wear and tear during your recent trading, please contact customer service quickly—there's a chance you might get a refund too!
I topped up and traded $5 yesterday to test the small account of Genius wear and tear. Today, I received two refunds totaling $15, with a net profit of $10!
The small account didn't have Gas pre-deposited, so during the Swap, $4.x was lost.
I thought this loss was gone for good, but I clicked 'Contact Customer Service' in the order.
This morning and afternoon, I received two refunds separately.
This is likely a bug. If you've experienced significant wear and tear during your recent trading, please contact customer service quickly—there's a chance you might get a refund too!
See original
About the Ethereal 27% APY Plan
Multi-account order splitting for hedging is likely the optimal solution balancing APY and anti-bot measures.
However, yesterday we also mentioned pseudo-hedging within the same platform, i.e., shorting BTC and going long on ETH.
This approach can achieve the best APY and avoid bots, but since it's pseudo-hedging, there is still risk to the principal.
Therefore, a community member shared his current strategy:
He is hedging BTC and ETH on Ethereal, while simultaneously setting up an opposite hedge on BTC and ETH in Backpack.
We've considered this approach before.
However, because hedging is done across multiple platforms, the overall APY cannot remain at 27%.
But as the community member pointed out, this also allows you to earn Backpack points, potentially qualifying for future airdrops—maybe just a few months from now?
This strategy of sacrificing part of the APY in exchange for a chance at a future airdrop is also worthwhile.
After all, Backpack is a well-known exchange, yet it doesn't have its own platform token.
Using both same-platform pseudo-hedging and cross-platform hedging can also reduce the risk of liquidation due to pseudo-hedging.
Note: The above is for informational purposes only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
Multi-account order splitting for hedging is likely the optimal solution balancing APY and anti-bot measures.
However, yesterday we also mentioned pseudo-hedging within the same platform, i.e., shorting BTC and going long on ETH.
This approach can achieve the best APY and avoid bots, but since it's pseudo-hedging, there is still risk to the principal.
Therefore, a community member shared his current strategy:
He is hedging BTC and ETH on Ethereal, while simultaneously setting up an opposite hedge on BTC and ETH in Backpack.
We've considered this approach before.
However, because hedging is done across multiple platforms, the overall APY cannot remain at 27%.
But as the community member pointed out, this also allows you to earn Backpack points, potentially qualifying for future airdrops—maybe just a few months from now?
This strategy of sacrificing part of the APY in exchange for a chance at a future airdrop is also worthwhile.
After all, Backpack is a well-known exchange, yet it doesn't have its own platform token.
Using both same-platform pseudo-hedging and cross-platform hedging can also reduce the risk of liquidation due to pseudo-hedging.
Note: The above is for informational purposes only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Some community members are currently trying to achieve 27% APY on Ethereal!
Here are some experiences and tips to avoid common pitfalls～
➤ Below:
0/ The 27% APY is calculated based on your position's share in the total OI. To achieve this, you'll likely need to maintain a position with about 6x leverage.
1/ However, if your position direction is incorrect, the leverage between your position and account net balance might be too low, making it impossible to capture the 27%.
2/ Theoretically, the best hedging strategy is to have two Ethereal accounts hedge each other.
3/ However, the official documentation clearly states that if you open hedging positions using multiple Ethereal accounts with clear intent to manipulate the reward mechanism, you may be excluded from the reward program.
4/ From a fraud prevention (anti-whaling) perspective, the safest approach is to hedge across different exchanges.
5/ I tried it once myself. That morning, $BTC surged sharply, and the hedging positions on Ethereal and StandX were both triggered by stop-loss and take-profit orders. However, due to discrepancies in price points between the two platforms, the hedge ultimately failed, resulting in a loss.
6/ Therefore, cross-exchange hedging clearly lacks reliability. From a capital standpoint, it's best to complete hedging within the same exchange.
7/ A same-exchange pseudo-hedging method is to open a long position on $BTC while simultaneously opening a short position on $ETH. However, this approach still carries risks.
8/ As for same-exchange multi-account hedging: if only two accounts hedge each other, the whaling risk is extremely high. But what if one long position corresponds to two or more short positions from different accounts, with proper IP separation, referral relationships, and fund isolation—would that be feasible?
Hmm, perhaps same-exchange multi-account hedging is actually the most stable solution～
Ethereal is currently in the invitation phase. Here are some invite codes👇
https://app.ethereal.trade/?ref=G50O11Y3BU2Q
Note: The above information is for sharing purposes only and is not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
Here are some experiences and tips to avoid common pitfalls～
➤ Below:
0/ The 27% APY is calculated based on your position's share in the total OI. To achieve this, you'll likely need to maintain a position with about 6x leverage.
1/ However, if your position direction is incorrect, the leverage between your position and account net balance might be too low, making it impossible to capture the 27%.
2/ Theoretically, the best hedging strategy is to have two Ethereal accounts hedge each other.
3/ However, the official documentation clearly states that if you open hedging positions using multiple Ethereal accounts with clear intent to manipulate the reward mechanism, you may be excluded from the reward program.
4/ From a fraud prevention (anti-whaling) perspective, the safest approach is to hedge across different exchanges.
5/ I tried it once myself. That morning, $BTC surged sharply, and the hedging positions on Ethereal and StandX were both triggered by stop-loss and take-profit orders. However, due to discrepancies in price points between the two platforms, the hedge ultimately failed, resulting in a loss.
6/ Therefore, cross-exchange hedging clearly lacks reliability. From a capital standpoint, it's best to complete hedging within the same exchange.
7/ A same-exchange pseudo-hedging method is to open a long position on $BTC while simultaneously opening a short position on $ETH. However, this approach still carries risks.
8/ As for same-exchange multi-account hedging: if only two accounts hedge each other, the whaling risk is extremely high. But what if one long position corresponds to two or more short positions from different accounts, with proper IP separation, referral relationships, and fund isolation—would that be feasible?
Hmm, perhaps same-exchange multi-account hedging is actually the most stable solution～
Ethereal is currently in the invitation phase. Here are some invite codes👇
https://app.ethereal.trade/?ref=G50O11Y3BU2Q
Note: The above information is for sharing purposes only and is not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
See original
A friend just received a call from someone claiming to be from Binance and a certain X service provider.
They said they knew the friend was interested in cryptocurrencies, so they wanted to invite the friend into a community on Enterprise WeChat.
Then the friend asked: How did you get my phone number?
The caller replied: We know your phone number because you viewed related ads on Binance or OKX, but we don't know any other information about you.
The friend then asked: What's the name of your community?
The caller said: Tiantian / Cut Community.
Then the friend said: I'll ask someone about your community.
After that, the caller hung up the phone.
So, what kind of community is this? Is it trying to get friends to trade futures contracts?
Also, although the phone number that received the call was my friend's secondary number, it's actually their personal number!
Still, it's strange—how was my friend's phone number leaked? Neither Binance nor the certain X platform has built-in ads, right?
This is the first time I've ever seen or heard of someone receiving a sales call about the crypto world.
They said they knew the friend was interested in cryptocurrencies, so they wanted to invite the friend into a community on Enterprise WeChat.
Then the friend asked: How did you get my phone number?
The caller replied: We know your phone number because you viewed related ads on Binance or OKX, but we don't know any other information about you.
The friend then asked: What's the name of your community?
The caller said: Tiantian / Cut Community.
Then the friend said: I'll ask someone about your community.
After that, the caller hung up the phone.
So, what kind of community is this? Is it trying to get friends to trade futures contracts?
Also, although the phone number that received the call was my friend's secondary number, it's actually their personal number!
Still, it's strange—how was my friend's phone number leaked? Neither Binance nor the certain X platform has built-in ads, right?
This is the first time I've ever seen or heard of someone receiving a sales call about the crypto world.
See original
Some community members are currently trying to achieve 27% APY on Ethereal!
Here are some experiences and tips to avoid common pitfalls～
➤ Below:
0/ The 27% APY is calculated based on your position's share in the total OI. To achieve this, you'll likely need to maintain a position with about 6x leverage.
1/ However, if your position direction is incorrect, the leverage between your position and account net balance might be too low, making it impossible to capture the 27%.
2/ Theoretically, the best hedging strategy is to have two Ethereal accounts hedge each other.
3/ However, the official documentation clearly states that if you open hedging positions using multiple Ethereal accounts with clear intent to manipulate the reward mechanism, you may be excluded from the reward program.
4/ From a fraud prevention (anti-whaling) perspective, the safest approach is to hedge across different exchanges.
5/ I tried it once myself. That morning, $BTC surged sharply, and the hedging positions on Ethereal and StandX were both triggered by stop-loss and take-profit orders. However, due to discrepancies in price points between the two platforms, the hedge ultimately failed, resulting in a loss.
6/ Therefore, cross-exchange hedging clearly lacks reliability. From a capital standpoint, it's best to complete hedging within the same exchange.
7/ A same-exchange pseudo-hedging method is to open a long position on $BTC while simultaneously opening a short position on $ETH. However, this approach still carries risks.
8/ As for same-exchange multi-account hedging: if only two accounts hedge each other, the whaling risk is extremely high. But what if one long position corresponds to two or more short positions from different accounts, with proper IP separation, referral relationships, and fund isolation—would that be feasible?
Hmm, perhaps same-exchange multi-account hedging is actually the most stable solution～
Ethereal is currently in the invitation phase. Here are some invite codes👇
https://app.ethereal.trade/?ref=G50O11Y3BU2Q
Note: The above information is for sharing purposes only and is not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
Here are some experiences and tips to avoid common pitfalls～
➤ Below:
0/ The 27% APY is calculated based on your position's share in the total OI. To achieve this, you'll likely need to maintain a position with about 6x leverage.
1/ However, if your position direction is incorrect, the leverage between your position and account net balance might be too low, making it impossible to capture the 27%.
2/ Theoretically, the best hedging strategy is to have two Ethereal accounts hedge each other.
3/ However, the official documentation clearly states that if you open hedging positions using multiple Ethereal accounts with clear intent to manipulate the reward mechanism, you may be excluded from the reward program.
4/ From a fraud prevention (anti-whaling) perspective, the safest approach is to hedge across different exchanges.
5/ I tried it once myself. That morning, $BTC surged sharply, and the hedging positions on Ethereal and StandX were both triggered by stop-loss and take-profit orders. However, due to discrepancies in price points between the two platforms, the hedge ultimately failed, resulting in a loss.
6/ Therefore, cross-exchange hedging clearly lacks reliability. From a capital standpoint, it's best to complete hedging within the same exchange.
7/ A same-exchange pseudo-hedging method is to open a long position on $BTC while simultaneously opening a short position on $ETH. However, this approach still carries risks.
8/ As for same-exchange multi-account hedging: if only two accounts hedge each other, the whaling risk is extremely high. But what if one long position corresponds to two or more short positions from different accounts, with proper IP separation, referral relationships, and fund isolation—would that be feasible?
Hmm, perhaps same-exchange multi-account hedging is actually the most stable solution～
Ethereal is currently in the invitation phase. Here are some invite codes👇
https://app.ethereal.trade/?ref=G50O11Y3BU2Q
Note: The above information is for sharing purposes only and is not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
See original
Xiao Mao, if you grab it, you've already won!
Grab the Year of the Horse commemorative banknote, community buddies expect a single order return of 300R!
Time: 10:30 PM;
Channel: App of major banks;
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiasts: BitHappy
Grab the Year of the Horse commemorative banknote, community buddies expect a single order return of 300R!
Time: 10:30 PM;
Channel: App of major banks;
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiasts: BitHappy
See original
No, after eating, back to $U's annualized return: 0.18%???
Then why set a limit of 20,000?
Why did you guys previously dump $USD1?
Is there an issue with the tiered annualized return that hasn't been updated?
I thought USD1 was only dumped by insiders with inside information, and I regret not selling it myself!
Disclaimer: The above is for informational purposes only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
Then why set a limit of 20,000?
Why did you guys previously dump $USD1?
Is there an issue with the tiered annualized return that hasn't been updated?
I thought USD1 was only dumped by insiders with inside information, and I regret not selling it myself!
Disclaimer: The above is for informational purposes only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Binance Wealth Management for $U will open at 4 PM～
The community monitoring detected the news half an hour early, but only managed to buy U, not sell USD1.
Everyone's reaction speed is still too fast.
According to the current information on the Binance official website, the single account limit is 20,000 U, and the annualized return has not been disclosed yet.
Anyway, $USD1 says: I'm going down first!
In terms of profit strategies, U's operations are basically the same as USD1, refer to the quoted tweet!👇
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
The community monitoring detected the news half an hour early, but only managed to buy U, not sell USD1.
Everyone's reaction speed is still too fast.
According to the current information on the Binance official website, the single account limit is 20,000 U, and the annualized return has not been disclosed yet.
Anyway, $USD1 says: I'm going down first!
In terms of profit strategies, U's operations are basically the same as USD1, refer to the quoted tweet!👇
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
See original
Binance Wealth Management for $U will open at 4 PM～
The community monitoring detected the news half an hour early, but only managed to buy U, not sell USD1.
Everyone's reaction speed is still too fast.
According to the current information on the Binance official website, the single account limit is 20,000 U, and the annualized return has not been disclosed yet.
Anyway, $USD1 says: I'm going down first!
In terms of profit strategies, U's operations are basically the same as USD1, refer to the quoted tweet!👇
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
The community monitoring detected the news half an hour early, but only managed to buy U, not sell USD1.
Everyone's reaction speed is still too fast.
According to the current information on the Binance official website, the single account limit is 20,000 U, and the annualized return has not been disclosed yet.
Anyway, $USD1 says: I'm going down first!
In terms of profit strategies, U's operations are basically the same as USD1, refer to the quoted tweet!👇
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
20% How many ways to earn USD1 in youth?
➤ Basic version:
1/ Buy USD1 and invest in financial management
2/ Borrow USD1 and invest in financial management
➤ Advanced version:
0/ Buy a large amount of USD1 and sell at a high premium
1/ USD1 multi-chain, multi-location arbitrage
2/ Leverage borrow USD1 and sell at a high premium
3/ After receiving news, leverage to go long on USD1
Hidden version: It is said that before the 11 o'clock announcement, sub-accounts can also deposit; however, community partners tested it before the announcement and said sub-accounts do not work.
A stablecoin earning activity allows us to see the "Eight Immortals Cross the Sea, Each Showing Their Skills," the market is still too dull～
Note: The above is for information sharing only and not investment advice; please be sure to do your own research!
DeFi enthusiast: BitHappy
{spot}(USD1USDT)
➤ Basic version:
1/ Buy USD1 and invest in financial management
2/ Borrow USD1 and invest in financial management
➤ Advanced version:
0/ Buy a large amount of USD1 and sell at a high premium
1/ USD1 multi-chain, multi-location arbitrage
2/ Leverage borrow USD1 and sell at a high premium
3/ After receiving news, leverage to go long on USD1
Hidden version: It is said that before the 11 o'clock announcement, sub-accounts can also deposit; however, community partners tested it before the announcement and said sub-accounts do not work.
A stablecoin earning activity allows us to see the "Eight Immortals Cross the Sea, Each Showing Their Skills," the market is still too dull～
Note: The above is for information sharing only and not investment advice; please be sure to do your own research!
DeFi enthusiast: BitHappy
{spot}(USD1USDT)
See original
Many people in the community are participating in USDD!
So I've been working hard on three step-by-step tutorials, covering quite a few details～
For example:
1/
Q: How to form an LP with sUSDD, which is a yield-bearing token?
A: Estimate the future price increase over the next 3-7 days using annualized calculation, then set the LP range accordingly.
2/
Q: sUSDD comes with built-in yield—can you create an LP with sUSDD alone?
A: Theoretically possible, but practically limited by Merkl's incentive rules—sUSDD's yield share is only half of USDT's, so the difference is negligible.
3/
Q: When acquiring USDD, should you choose Swap or official minting?
A: For a few thousand U, direct Swap is fine, but Swap fees become too high for amounts over 5,000 U, so official minting is better.
4/
Q: On Merkl, there are four USDD incentive pools—how to choose?
A: They're essentially similar—quant experts have balanced the yields across the four pools, but choosing sUSDD still yields slightly higher returns.
5/
Q: Should you choose Binance USDD or form an LP?
A: It doesn't really matter—risk levels are basically the same either way.
6/
Q: Why create these tutorials?
A: For beginners.
7/
Q: Between Binance USD1's 20% and HTX U's 20%, which one should be allocated to USDD with 10%+?
A: Binance has a single-account limit of 50,000 U, HTX has 100,000 U per account. Many in the community still have funds without a clear destination, and once they've staked U, they find staking USDD equally reasonable.
The above content and the following tutorials are intended to be helpful.
Binance USDD Activity Tutorial: https://www.binance.com/zh-CN/square/post/34976936128226
Merkl USDD Activity Tutorial: https://www.binance.com/zh-CN/square/post/34837991466721
Merkl sUSDD Activity Tutorial: https://www.binance.com/zh-CN/square/post/34891032320961
Note: The above information is for sharing purposes only and not investment advice—please conduct your own research!
DeFi Enthusiast: BitHappy
So I've been working hard on three step-by-step tutorials, covering quite a few details～
For example:
1/
Q: How to form an LP with sUSDD, which is a yield-bearing token?
A: Estimate the future price increase over the next 3-7 days using annualized calculation, then set the LP range accordingly.
2/
Q: sUSDD comes with built-in yield—can you create an LP with sUSDD alone?
A: Theoretically possible, but practically limited by Merkl's incentive rules—sUSDD's yield share is only half of USDT's, so the difference is negligible.
3/
Q: When acquiring USDD, should you choose Swap or official minting?
A: For a few thousand U, direct Swap is fine, but Swap fees become too high for amounts over 5,000 U, so official minting is better.
4/
Q: On Merkl, there are four USDD incentive pools—how to choose?
A: They're essentially similar—quant experts have balanced the yields across the four pools, but choosing sUSDD still yields slightly higher returns.
5/
Q: Should you choose Binance USDD or form an LP?
A: It doesn't really matter—risk levels are basically the same either way.
6/
Q: Why create these tutorials?
A: For beginners.
7/
Q: Between Binance USD1's 20% and HTX U's 20%, which one should be allocated to USDD with 10%+?
A: Binance has a single-account limit of 50,000 U, HTX has 100,000 U per account. Many in the community still have funds without a clear destination, and once they've staked U, they find staking USDD equally reasonable.
The above content and the following tutorials are intended to be helpful.
Binance USDD Activity Tutorial: https://www.binance.com/zh-CN/square/post/34976936128226
Merkl USDD Activity Tutorial: https://www.binance.com/zh-CN/square/post/34837991466721
Merkl sUSDD Activity Tutorial: https://www.binance.com/zh-CN/square/post/34891032320961
Note: The above information is for sharing purposes only and not investment advice—please conduct your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
USDD/USDT LP on BSC with Approx. 11% Annual Yield! (Including Step-by-Step Guide)
The previous tutorial focused on the sUSDD LP pool on Ethereum, combined with Merkl incentives, but sUSDD operations and considerations are relatively more complex. This time, let's take a look at USDD, which offers a similar annual yield.
Next, let's look at the logic analysis and specific operation steps 👇
Core Logic:
In Merkl, the sUSDD/USDD incentives are not only available on Ethereum, but also supported on BSC. USDD operations on BSC are simpler, though the APY is slightly lower.
By providing USDD/USDT LP on PancakeSwap, you can enjoy both PancakeSwap trading fees and Merkl's official LP incentives, with a combined annual yield of approximately 11% (as of press time).
Next, let's look at the logic analysis and specific operation steps 👇
Core Logic:
In Merkl, the sUSDD/USDD incentives are not only available on Ethereum, but also supported on BSC. USDD operations on BSC are simpler, though the APY is slightly lower.
By providing USDD/USDT LP on PancakeSwap, you can enjoy both PancakeSwap trading fees and Merkl's official LP incentives, with a combined annual yield of approximately 11% (as of press time).
See original
USDD/USDT LP on BSC with Approx. 11% Annual Yield! (Including Step-by-Step Guide)
The previous tutorial focused on the sUSDD LP pool on Ethereum, combined with Merkl incentives, but sUSDD operations and considerations are relatively more complex. This time, let's take a look at USDD, which offers a similar annual yield.
Next, let's look at the logic analysis and specific operation steps 👇
Core Logic:
In Merkl, the sUSDD/USDD incentives are not only available on Ethereum, but also supported on BSC. USDD operations on BSC are simpler, though the APY is slightly lower.
By providing USDD/USDT LP on PancakeSwap, you can enjoy both PancakeSwap trading fees and Merkl's official LP incentives, with a combined annual yield of approximately 11% (as of press time).
Next, let's look at the logic analysis and specific operation steps 👇
Core Logic:
In Merkl, the sUSDD/USDD incentives are not only available on Ethereum, but also supported on BSC. USDD operations on BSC are simpler, though the APY is slightly lower.
By providing USDD/USDT LP on PancakeSwap, you can enjoy both PancakeSwap trading fees and Merkl's official LP incentives, with a combined annual yield of approximately 11% (as of press time).
See original
Some thoughts on buying KYC accounts
Recently, community members have been discussing a post on X about accounts being frozen due to purchasing KYC.
One member said: If you buy someone else's KYC, you must accept the risk of losing your funds.
He also shared his own experience: He chose to buy KYC for arbitrage purposes, but shortly after the purchase, someone contacted customer service in the middle of the night to reset the account password, email, and 2FA. Fortunately, he received an alert about the email change in time and quickly transferred his funds, otherwise he would have been in serious danger.
Today, CEX compliance is a growing trend, and KYC reviews are becoming increasingly strict. Buying accounts through gray-market methods will become harder to sustain in the future. Once platform risk controls are upgraded, accounts may be frozen, moved to manual review, and require additional documentation. If unable to provide proof, the account could ultimately be permanently locked.
We sympathize with the situation this member faced, and want to remind anyone still using purchased KYC accounts: Please transfer all funds out as soon as possible! Move them to an account or wallet you personally control, which you've registered yourself, with facial recognition, real-name verification, and full ownership.
If you must buy a KYC account due to unavoidable circumstances to participate in a project, make sure you register your own account and enable 2FA and other verification methods before completing KYC. Avoid blindly using ready-made accounts. That way, even if issues arise, you still have time to take corrective action.
Not Your KEY, Not Your Coin.
Not Your KYC, Not Your Money.
Recently, community members have been discussing a post on X about accounts being frozen due to purchasing KYC.
One member said: If you buy someone else's KYC, you must accept the risk of losing your funds.
He also shared his own experience: He chose to buy KYC for arbitrage purposes, but shortly after the purchase, someone contacted customer service in the middle of the night to reset the account password, email, and 2FA. Fortunately, he received an alert about the email change in time and quickly transferred his funds, otherwise he would have been in serious danger.
Today, CEX compliance is a growing trend, and KYC reviews are becoming increasingly strict. Buying accounts through gray-market methods will become harder to sustain in the future. Once platform risk controls are upgraded, accounts may be frozen, moved to manual review, and require additional documentation. If unable to provide proof, the account could ultimately be permanently locked.
We sympathize with the situation this member faced, and want to remind anyone still using purchased KYC accounts: Please transfer all funds out as soon as possible! Move them to an account or wallet you personally control, which you've registered yourself, with facial recognition, real-name verification, and full ownership.
If you must buy a KYC account due to unavoidable circumstances to participate in a project, make sure you register your own account and enable 2FA and other verification methods before completing KYC. Avoid blindly using ready-made accounts. That way, even if issues arise, you still have time to take corrective action.
Not Your KEY, Not Your Coin.
Not Your KYC, Not Your Money.
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X (Twitter) is about to support direct token purchases via the $ tag!
Solana's official Twitter announced that Solana will be fully integrated soon!
Once implemented, this is sure to bring new growth to the crypto space, marking another significant moment of mainstream acceptance.
Will this move by X spark a bull market in 2026?
Recalling the Blinks trend that was popular in early 2024, many companies tried to launch similar features using Blinks, but they ultimately failed to gain widespread attention, with only a few wallet extensions continuing development.
Back then, purchasing tokens directly via Twitter tags required installing a specific browser extension.
In the smartphone era, most people now browse Twitter on mobile devices rather than computers, making Blinks much harder to promote.
In contrast, Twitter's latest step is a major leap forward. But will other blockchains and protocols follow, besides Solana?
According to screenshots shared by Nikitabier, X's product lead, support for Base and Ethereum also appears to be in place.
Also, I remember that when Musk acquired Twitter, CZ provided financial support.
Will X form even tighter collaboration with BNB Chain in the future?
Solana's official Twitter announced that Solana will be fully integrated soon!
Once implemented, this is sure to bring new growth to the crypto space, marking another significant moment of mainstream acceptance.
Will this move by X spark a bull market in 2026?
Recalling the Blinks trend that was popular in early 2024, many companies tried to launch similar features using Blinks, but they ultimately failed to gain widespread attention, with only a few wallet extensions continuing development.
Back then, purchasing tokens directly via Twitter tags required installing a specific browser extension.
In the smartphone era, most people now browse Twitter on mobile devices rather than computers, making Blinks much harder to promote.
In contrast, Twitter's latest step is a major leap forward. But will other blockchains and protocols follow, besides Solana?
According to screenshots shared by Nikitabier, X's product lead, support for Base and Ethereum also appears to be in place.
Also, I remember that when Musk acquired Twitter, CZ provided financial support.
Will X form even tighter collaboration with BNB Chain in the future?
See original
The risk of holding USDD and providing liquidity for USDD-related pairs in Binance Wallet is almost the same!
The risks are basically all related to USDD, such as de-pegging or inability to redeem in time.
In other words, if you're willing to participate in Binance's USDD activities, there's no need to worry about providing liquidity.
Are there any potential risks with USDD currently? Yes, there are!
For example, after USDD updated its interest rate rules (interest rates will be reduced based on TVL tiers) the night before yesterday, a user pointed out that the redemption capacity for USDD on Ethereum was only 166 million, while the TVL was 349 million.
This means there could be a 'stampede' risk if Binance's activity ends.
Although there are also activities on Merkl, its TVL is too low to have a significant impact.
Note: The above is for informational purposes only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
The risks are basically all related to USDD, such as de-pegging or inability to redeem in time.
In other words, if you're willing to participate in Binance's USDD activities, there's no need to worry about providing liquidity.
Are there any potential risks with USDD currently? Yes, there are!
For example, after USDD updated its interest rate rules (interest rates will be reduced based on TVL tiers) the night before yesterday, a user pointed out that the redemption capacity for USDD on Ethereum was only 166 million, while the TVL was 349 million.
This means there could be a 'stampede' risk if Binance's activity ends.
Although there are also activities on Merkl, its TVL is too low to have a significant impact.
Note: The above is for informational purposes only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
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Binance sUSDD Interest Rate Reduced to 10%? Then Take a Look at sUSDD/USDT LP with APR Over 15%!
In our previous tutorial, we mentioned Binance Wallet's USDD deposit incentives, with an initial estimate of around 14.5% annualized return for the second round, which was quite cost-effective. However, according to USDD's official rules, the higher the TVL, the lower the APR. As a result, due to excessively high TVL, the annualized return has dropped to 10%.
Nevertheless, there's a new opportunity with sUSDD in the community: provide liquidity for sUSDD/USDT on Uniswap, earn Uniswap LP's official Merkl incentives for USDD, and combine it with sUSDD's underlying 8% interest. After stacking, the combined annualized return is higher, approximately 15.66% (as of the time of writing).
Core logic:
Convert part of your USDT to sUSDD, provide liquidity in the sUSDD/USDT 0.01% fee pool, and enjoy both the underlying interest from sUSDD and Merkl's official LP incentives!
Nevertheless, there's a new opportunity with sUSDD in the community: provide liquidity for sUSDD/USDT on Uniswap, earn Uniswap LP's official Merkl incentives for USDD, and combine it with sUSDD's underlying 8% interest. After stacking, the combined annualized return is higher, approximately 15.66% (as of the time of writing).
Core logic:
Convert part of your USDT to sUSDD, provide liquidity in the sUSDD/USDT 0.01% fee pool, and enjoy both the underlying interest from sUSDD and Merkl's official LP incentives!
See original
Binance sUSDD Interest Rate Reduced to 10%? Then Take a Look at sUSDD/USDT LP with APR Over 15%!
In our previous tutorial, we mentioned Binance Wallet's USDD deposit incentives, with an initial estimate of around 14.5% annualized return for the second round, which was quite cost-effective. However, according to USDD's official rules, the higher the TVL, the lower the APR. As a result, due to excessively high TVL, the annualized return has dropped to 10%.
Nevertheless, there's a new opportunity with sUSDD in the community: provide liquidity for sUSDD/USDT on Uniswap, earn Uniswap LP's official Merkl incentives for USDD, and combine it with sUSDD's underlying 8% interest. After stacking, the combined annualized return is higher, approximately 15.66% (as of the time of writing).
Core logic:
Convert part of your USDT to sUSDD, provide liquidity in the sUSDD/USDT 0.01% fee pool, and enjoy both the underlying interest from sUSDD and Merkl's official LP incentives!
Nevertheless, there's a new opportunity with sUSDD in the community: provide liquidity for sUSDD/USDT on Uniswap, earn Uniswap LP's official Merkl incentives for USDD, and combine it with sUSDD's underlying 8% interest. After stacking, the combined annualized return is higher, approximately 15.66% (as of the time of writing).
Core logic:
Convert part of your USDT to sUSDD, provide liquidity in the sUSDD/USDT 0.01% fee pool, and enjoy both the underlying interest from sUSDD and Merkl's official LP incentives!
See original
Sung哥没有割，但Sung哥下调了利率！
Last night, the base interest rate for $USDD suddenly dropped, from the original 12% base rate to a maximum of 8%, gradually decreasing based on TVL volume, down to a minimum of 6%.
Currently, it's still 8% on Ethereum, which is the chain where the Binance Wallet event is taking place, so the annual yield is now only 10.5%.
I was originally thinking that with the second season of the Binance Wallet event starting today, there would be another big giveaway, pushing the annual yield to around 15%.
But who would have thought, unexpected turn of events—thankfully, USDD's strategy isn't limited to the Binance event, they've changed tactics!
HTX's $U, won't you be doing something similar in a few days?
Disclaimer: The above is for informational purposes only and not investment advice—please do your own research!
DeFi Enthusiast: BitHappy
Last night, the base interest rate for $USDD suddenly dropped, from the original 12% base rate to a maximum of 8%, gradually decreasing based on TVL volume, down to a minimum of 6%.
Currently, it's still 8% on Ethereum, which is the chain where the Binance Wallet event is taking place, so the annual yield is now only 10.5%.
I was originally thinking that with the second season of the Binance Wallet event starting today, there would be another big giveaway, pushing the annual yield to around 15%.
But who would have thought, unexpected turn of events—thankfully, USDD's strategy isn't limited to the Binance event, they've changed tactics!
HTX's $U, won't you be doing something similar in a few days?
Disclaimer: The above is for informational purposes only and not investment advice—please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Originally, I was a bit nervous about Sun Ge, like the 13% of USDD and 20% of U.
But after observing the community members' chats over the past period, I found that many people are actually staking USDD and U.
In the recent verification addresses from the big player group, several of them also hold USDD, basically making them fellow travelers in the community.
Of course, the community members haven't been idle either—they've set up monitoring for both USDD and U, which is probably what reputation is all about, 🤣
In short, up to now, Sun Ge has indeed distributed a large amount of $USDD and $U.
Hopefully, we can all exit safely～
Note: The above is for informational purposes only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
But after observing the community members' chats over the past period, I found that many people are actually staking USDD and U.
In the recent verification addresses from the big player group, several of them also hold USDD, basically making them fellow travelers in the community.
Of course, the community members haven't been idle either—they've set up monitoring for both USDD and U, which is probably what reputation is all about, 🤣
In short, up to now, Sun Ge has indeed distributed a large amount of $USDD and $U.
Hopefully, we can all exit safely～
Note: The above is for informational purposes only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
See original
Originally, I was a bit nervous about Sun Ge, like the 13% of USDD and 20% of U.
But after observing the community members' chats over the past period, I found that many people are actually staking USDD and U.
In the recent verification addresses from the big player group, several of them also hold USDD, basically making them fellow travelers in the community.
Of course, the community members haven't been idle either—they've set up monitoring for both USDD and U, which is probably what reputation is all about, 🤣
In short, up to now, Sun Ge has indeed distributed a large amount of $USDD and $U.
Hopefully, we can all exit safely～
Note: The above is for informational purposes only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
But after observing the community members' chats over the past period, I found that many people are actually staking USDD and U.
In the recent verification addresses from the big player group, several of them also hold USDD, basically making them fellow travelers in the community.
Of course, the community members haven't been idle either—they've set up monitoring for both USDD and U, which is probably what reputation is all about, 🤣
In short, up to now, Sun Ge has indeed distributed a large amount of $USDD and $U.
Hopefully, we can all exit safely～
Note: The above is for informational purposes only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
BitHappy
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14.5% Annualized, What to Do with USD1 After Reaching the Limit!
The 20% annualized return on Binance USD1's money market fund is indeed attractive, but there is a single-account limit of 50,000 USD1, meaning excess funds must remain idle once the limit is reached. Meanwhile, the current market conditions are still unclear, with frequent hacking incidents involving on-chain DeFi protocols; high returns often come with higher risks, leading many to choose to wait and see.
In this scenario, Binance Wallet has launched the second phase of the USDD deposit incentive, offering an annualized yield of approximately 14.5%.
Compared to other financial products, although USDD is a project led by Sun Ge, its overall cost-effectiveness is good, backed by Binance Wallet's custody and risk control.
In this scenario, Binance Wallet has launched the second phase of the USDD deposit incentive, offering an annualized yield of approximately 14.5%.
Compared to other financial products, although USDD is a project led by Sun Ge, its overall cost-effectiveness is good, backed by Binance Wallet's custody and risk control.
See original
14.5% Annualized, What to Do with USD1 After Reaching the Limit!
The 20% annualized return on Binance USD1's money market fund is indeed attractive, but there is a single-account limit of 50,000 USD1, meaning excess funds must remain idle once the limit is reached. Meanwhile, the current market conditions are still unclear, with frequent hacking incidents involving on-chain DeFi protocols; high returns often come with higher risks, leading many to choose to wait and see.
In this scenario, Binance Wallet has launched the second phase of the USDD deposit incentive, offering an annualized yield of approximately 14.5%.
Compared to other financial products, although USDD is a project led by Sun Ge, its overall cost-effectiveness is good, backed by Binance Wallet's custody and risk control.
In this scenario, Binance Wallet has launched the second phase of the USDD deposit incentive, offering an annualized yield of approximately 14.5%.
Compared to other financial products, although USDD is a project led by Sun Ge, its overall cost-effectiveness is good, backed by Binance Wallet's custody and risk control.
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When participating in Binance USD1 20% annual event for lending and borrowing, there are many available currencies and collateral types to choose from.
PT-USDe is selected as collateral because PT itself generates interest, giving it an advantage over USDT/USDC, BNB, or BTC.
Other similar interest-bearing assets include asUSDF.
Of course, choosing PT-USDe also carries certain risks and wear, such as exchanging USDT for PT-USDe and then converting PT-USDe back to USDT later.
However, overall, these risks remain within manageable limits.
Additionally, while writing this reference tutorial, it was discovered that borrowing USD1 with PT-USDe allows for revolving lending, with a single interest rate of 3.8%.
I originally intended to try it out, and luckily, a community member was also discussing this strategy.
One of them advised against it!
The reason is that the current ENA price is still at a previous low level, while USDe only has points and no low-interest option, so the interest rate of PT-USDe mainly depends on ENA's price. If the market recovers, PT's interest rate will rise. At that point, not only will the collateral value decline, but the borrowing interest rate will also increase, making it counterproductive.
The logic and reasoning are solid, so I ultimately gave up on the revolving idea.
Although the market is neither clearly bearish nor bullish right now, ENA's price has indeed dropped significantly compared to before.
Therefore, I'd like to remind those currently using or planning to try revolving strategies to proceed with extra caution.
#USD1理财最佳策略ListaDAO @ListaDAO $LISTA
Note: The above information is for sharing only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
PT-USDe is selected as collateral because PT itself generates interest, giving it an advantage over USDT/USDC, BNB, or BTC.
Other similar interest-bearing assets include asUSDF.
Of course, choosing PT-USDe also carries certain risks and wear, such as exchanging USDT for PT-USDe and then converting PT-USDe back to USDT later.
However, overall, these risks remain within manageable limits.
Additionally, while writing this reference tutorial, it was discovered that borrowing USD1 with PT-USDe allows for revolving lending, with a single interest rate of 3.8%.
I originally intended to try it out, and luckily, a community member was also discussing this strategy.
One of them advised against it!
The reason is that the current ENA price is still at a previous low level, while USDe only has points and no low-interest option, so the interest rate of PT-USDe mainly depends on ENA's price. If the market recovers, PT's interest rate will rise. At that point, not only will the collateral value decline, but the borrowing interest rate will also increase, making it counterproductive.
The logic and reasoning are solid, so I ultimately gave up on the revolving idea.
Although the market is neither clearly bearish nor bullish right now, ENA's price has indeed dropped significantly compared to before.
Therefore, I'd like to remind those currently using or planning to try revolving strategies to proceed with extra caution.
#USD1理财最佳策略ListaDAO @ListaDAO $LISTA
Note: The above information is for sharing only and not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
BitHappy
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Binance USD1 20% Annualized! What Is the Most Stable Strategy for Retail Investors?
The current Binance USD1 savings product offers an annualized yield of up to 20%, but due to the current premium and volatility of USD1, directly purchasing it may expose you to the risk of price decline after the promotion ends.
Thus, we can avoid the price volatility of USD1 through borrowing. This tutorial will use the T0-level lending protocol ListaDAO and use PT-USDe—the collateral with the best interest rate at the time of posting—as collateral for borrowing.
The core logic is as follows:
Use the Pendle platform to convert USDT into PT-USDe (current fixed yield is approximately 5.13%), then use PT-USDe as collateral on Lista DAO to borrow USD1 (with extremely low borrowing interest), and finally transfer the borrowed USD1 into Binance Earn to enjoy the 20% savings yield.
Thus, we can avoid the price volatility of USD1 through borrowing. This tutorial will use the T0-level lending protocol ListaDAO and use PT-USDe—the collateral with the best interest rate at the time of posting—as collateral for borrowing.
The core logic is as follows:
Use the Pendle platform to convert USDT into PT-USDe (current fixed yield is approximately 5.13%), then use PT-USDe as collateral on Lista DAO to borrow USD1 (with extremely low borrowing interest), and finally transfer the borrowed USD1 into Binance Earn to enjoy the 20% savings yield.
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