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小企鵝阿批 Penchan
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小企鵝阿批 Penchan

Sui 中文區大使 - 資深水家人 | 各類型 Sui 鏈科普 | 2017 以太坊老礦工 | 過去:MaiCoin 台灣最大交易所,計算機工程@政治大學,工程@清華大學
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Sui Taipei Developer Event Wrap-Up 🙌 So many dev partners showed up, along with top-tier projects. We are all in this together for the water ecosystem effort 💪💪 #Cetus #Haedal #Walrus ✌️
Sui Taipei Developer Event Wrap-Up 🙌
So many dev partners showed up, along with top-tier projects.
We are all in this together for the water ecosystem effort 💪💪
#Cetus #Haedal #Walrus ✌️
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🐂 2025 Bull Market Long Cycle DCA Position Review In celebration of my birthday, little penguin's original plan was: Start 12 months of regular investment in 2023 and sell in 2025. The following results are indicated by average price. $BTC 29,036 → Switch to public chain $ETH 1,830 → Switch to public chain $SOL Heavy position 22 → 196 (8.9x) $BNB 237 → 1040 (4.3x) $DOGE 0.07 → 0.217 (3.1x) $SUI Pre-sale 0.1 Heavy position 1 → 2.07 (2.0x) $TON 3 → 3 (0x) —— 1. Core Concept: Cycle 2. Strategy: Binance hourly regular investment + wealth management, combined with various mining during the bull market: DeFi on Sui/Solana/Ton and BNB gold shovel. Sell based on daily RSI in the bull market. 3. Switching mainstream coins among other alts: ARB OP MATIC AAVE PYTH OKB BLUR ORDI. The reason for switching is to increase certainty and changes in narrative, etc. 4. Still have SUI SOL staked nodes and LST. 5. Thoughts: - Holding BTC has high stability and good multiples. - It's hard to judge whether mainstream will take off, consider diversifying investments. - Major narrative changes will always happen, always pay attention and maintain flexibility appropriately. - Follow the strategy, don't fall in love with coins, go fall in love with your girlfriend!
🐂 2025 Bull Market Long Cycle DCA Position Review

In celebration of my birthday, little penguin's original plan was:
Start 12 months of regular investment in 2023 and sell in 2025.
The following results are indicated by average price.

$BTC 29,036 → Switch to public chain
$ETH 1,830 → Switch to public chain

$SOL Heavy position 22 → 196 (8.9x)
$BNB 237 → 1040 (4.3x)
$DOGE 0.07 → 0.217 (3.1x)
$SUI Pre-sale 0.1 Heavy position 1 → 2.07 (2.0x)
$TON 3 → 3 (0x)

——

1. Core Concept: Cycle

2. Strategy: Binance hourly regular investment + wealth management, combined with various mining during the bull market: DeFi on Sui/Solana/Ton and BNB gold shovel. Sell based on daily RSI in the bull market.

3. Switching mainstream coins among other alts: ARB OP MATIC AAVE PYTH OKB BLUR ORDI. The reason for switching is to increase certainty and changes in narrative, etc.

4. Still have SUI SOL staked nodes and LST.

5. Thoughts:
- Holding BTC has high stability and good multiples.
- It's hard to judge whether mainstream will take off, consider diversifying investments.
- Major narrative changes will always happen, always pay attention and maintain flexibility appropriately.
- Follow the strategy, don't fall in love with coins, go fall in love with your girlfriend!
Article
What an Insurance Fund Can—and Can’t—Protect You FromWhen you hear the term “insurance fund,” it’s easy to intuitively associate it with protection and safety. But once you understand how it actually operates, you’ll find that the reason this mechanism exists is precisely because losses really do happen. In Sui’s ecosystem, the Bluefin protocol has an insurance fund. The funding source is a portion of the fees collected during liquidation. During normal times, it is accumulated as a buffer capital pool and managed separately by different trade pairs, keeping them isolated from one another. When a position is forcibly liquidated, but the liquidation price is insufficient to fully cover the loss, the insurance fund will first cover this shortfall.

What an Insurance Fund Can—and Can’t—Protect You From

When you hear the term “insurance fund,” it’s easy to intuitively associate it with protection and safety. But once you understand how it actually operates, you’ll find that the reason this mechanism exists is precisely because losses really do happen.
In Sui’s ecosystem, the Bluefin protocol has an insurance fund. The funding source is a portion of the fees collected during liquidation. During normal times, it is accumulated as a buffer capital pool and managed separately by different trade pairs, keeping them isolated from one another.
When a position is forcibly liquidated, but the liquidation price is insufficient to fully cover the loss, the insurance fund will first cover this shortfall.
Haedal’s interface is truly cute and easy to use The earnings, incentives, and TVL are all clearly laid out You can get started right away without having to watch a tutorial 🦦💦
Haedal’s interface is truly cute and easy to use
The earnings, incentives, and TVL are all clearly laid out
You can get started right away without having to watch a tutorial 🦦💦
Article
haWAL is not just a receipt—it can also be used as trading liquidityAfter many people stake their tokens, they usually just keep them in their wallet and leave them untouched, treating them as mere receipts. The haWAL issued by the liquidity staking protocol on Sui is often treated like this too. In fact, it has more use cases. One of them is to provide it as liquidity for a pool—for example, pairs like haWAL/WAL or haWAL/SUI. The logic behind this is that the haWAL obtained from staking WAL is already accumulating staking rewards. If you also put it into a pool so others can trade it, you can earn an additional share of transaction fees—effectively using the same asset to do two things at once.

haWAL is not just a receipt—it can also be used as trading liquidity

After many people stake their tokens, they usually just keep them in their wallet and leave them untouched, treating them as mere receipts.
The haWAL issued by the liquidity staking protocol on Sui is often treated like this too. In fact, it has more use cases. One of them is to provide it as liquidity for a pool—for example, pairs like haWAL/WAL or haWAL/SUI.
The logic behind this is that the haWAL obtained from staking WAL is already accumulating staking rewards. If you also put it into a pool so others can trade it, you can earn an additional share of transaction fees—effectively using the same asset to do two things at once.
The Pengu Garden: Taipei Edition 🐧 This Taipei event was incredibly lively and packed to the brim Although it was pouring rain, everyone saw the chubby penguin and said: oh my god, so cute 😍 Thank you @pudgypenguins @0G_labs for the invitation + for hosting such a thoughtful event So many adorable penguins 🐧🐧 Everyone went home with happy hearts 🥰
The Pengu Garden: Taipei Edition 🐧
This Taipei event was incredibly lively and packed to the brim
Although it was pouring rain, everyone saw the chubby penguin and said: oh my god, so cute 😍

Thank you @Pudgy Penguins @0G Labs for the invitation + for hosting such a thoughtful event
So many adorable penguins 🐧🐧 Everyone went home with happy hearts 🥰
Anyone who provides liquidity knows that once the price starts moving, positions outside the range stop earning fees. Cetus on Sui has a Vault feature that automatically shifts your range as the price moves, so you don’t have to watch the market constantly 😎
Anyone who provides liquidity knows that once the price starts moving, positions outside the range stop earning fees.

Cetus on Sui has a Vault feature that automatically shifts your range as the price moves, so you don’t have to watch the market constantly 😎
Recent market volatility is more favorable for DLMM liquidity providers on Sui, because when prices swing back and forth, the liquidity ranges in the main pool are repeatedly crossed, resulting in more trade volume and fees that can be captured. Cetus’ DLMM (dynamic liquidity market maker) is a mechanism that divides liquidity into discrete price ranges, along with dynamic trading fees that automatically adjust with volatility. This allows providers to profit more efficiently from back-and-forth oscillations, which differs from traditional AMMs that mainly rely on one-directional trends. Here, we use the USDC/SUI pool as an example. The chart shows that liquidity is concentrated near the current price of about 0.7781, and that around the active range there is higher 7-day trading volume, to illustrate how volatility drives activity that repeatedly generates fees.
Recent market volatility is more favorable for DLMM liquidity providers on Sui, because when prices swing back and forth, the liquidity ranges in the main pool are repeatedly crossed, resulting in more trade volume and fees that can be captured.

Cetus’ DLMM (dynamic liquidity market maker) is a mechanism that divides liquidity into discrete price ranges, along with dynamic trading fees that automatically adjust with volatility. This allows providers to profit more efficiently from back-and-forth oscillations, which differs from traditional AMMs that mainly rely on one-directional trends.

Here, we use the USDC/SUI pool as an example. The chart shows that liquidity is concentrated near the current price of about 0.7781, and that around the active range there is higher 7-day trading volume, to illustrate how volatility drives activity that repeatedly generates fees.
As someone who has done in-depth research on both AI and cryptocurrencies, I’m actually really looking forward to this year’s Sui Basecamp. As cryptocurrencies gradually come closer to AI, I believe more and more opportunities will flow into the crypto space. Let’s wait and see!
As someone who has done in-depth research on both AI and cryptocurrencies, I’m actually really looking forward to this year’s Sui Basecamp.
As cryptocurrencies gradually come closer to AI, I believe more and more opportunities will flow into the crypto space.
Let’s wait and see!
As the market warms up, TOKEN2049 is increasingly something I’m looking forward to—what everyone will bring this year. This year’s discussions about AI have also driven changes in the cryptocurrency market. AI agents intersect naturally with areas like payments, cybersecurity, trading, and market monitoring. I hope there will be some special content showcased to the world in October.
As the market warms up, TOKEN2049 is increasingly something I’m looking forward to—what everyone will bring this year.
This year’s discussions about AI have also driven changes in the cryptocurrency market.
AI agents intersect naturally with areas like payments, cybersecurity, trading, and market monitoring.
I hope there will be some special content showcased to the world in October.
After placing limit orders below the limit on Cetus on Sui, you can view the fill ratio in the unfilled orders section. Some fills can be claimed first; when you cancel, the already-filled assets will be sent to your wallet, and the unfilled portion will be refunded. After the order expires, any remaining orders will also be automatically canceled 🐳 It’s a very simple way to operate~
After placing limit orders below the limit on Cetus on Sui, you can view the fill ratio in the unfilled orders section. Some fills can be claimed first; when you cancel, the already-filled assets will be sent to your wallet, and the unfilled portion will be refunded. After the order expires, any remaining orders will also be automatically canceled 🐳 It’s a very simple way to operate~
No matter whether prices go up or down Starting DCA now is something that has real value
No matter whether prices go up or down
Starting DCA now is something that has real value
小企鵝阿批 Penchan
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If... I mean if
What if we start a monthly investment (DCA) for 1 year starting today $BTC to see?
Binance shows that the Sui chain withdrawal hasn’t been credited yet? Copy the transaction number (TXID) from the transaction records, paste it into the Sui block explorer (SuiVision / SuiScan), and you can check the recipient address, amount, transaction fee, and on-chain status—also to see whether it’s just that the wallet hasn’t shown it yet.
Binance shows that the Sui chain withdrawal hasn’t been credited yet? Copy the transaction number (TXID) from the transaction records, paste it into the Sui block explorer (SuiVision / SuiScan), and you can check the recipient address, amount, transaction fee, and on-chain status—also to see whether it’s just that the wallet hasn’t shown it yet.
Article
Sui’s Largest DEX Stakes CETUS, How Long Does It Take to Redeem?Many governance proposals ask you to lock their tokens in exchange for governance rights, and the decentralized exchange Cetus on Sui is no exception. Its xCETUS represents locked or staked CETUS and the corresponding governance rights, which cannot be freely transferred like regular tokens. Users can convert CETUS to xCETUS at any time on a 1:1 basis. The real point to be careful about is the waiting rules for converting back to CETUS in the future. The redemption process enters a lock-unlock period. The official range currently listed is 15 to 180 days. If you choose 15 days, the redemption ratio is 1:0.5; if you choose the full 180 days, the ratio becomes 1:1. The longer you wait, the higher the proportion of CETUS you can redeem. If you choose less than 180 days, any portion that isn’t redeemable will be forfeited and transferred to the ecosystem treasury.

Sui’s Largest DEX Stakes CETUS, How Long Does It Take to Redeem?

Many governance proposals ask you to lock their tokens in exchange for governance rights, and the decentralized exchange Cetus on Sui is no exception. Its xCETUS represents locked or staked CETUS and the corresponding governance rights, which cannot be freely transferred like regular tokens. Users can convert CETUS to xCETUS at any time on a 1:1 basis. The real point to be careful about is the waiting rules for converting back to CETUS in the future.
The redemption process enters a lock-unlock period. The official range currently listed is 15 to 180 days. If you choose 15 days, the redemption ratio is 1:0.5; if you choose the full 180 days, the ratio becomes 1:1. The longer you wait, the higher the proportion of CETUS you can redeem. If you choose less than 180 days, any portion that isn’t redeemable will be forfeited and transferred to the ecosystem treasury.
Article
First-Time SUI Staking: Understand It in 4 StepsFor your first time staking SUI, you can think of the “validator” as a participant responsible for verifying, processing transactions, and keeping the network running. The flow in most compatible wallets is similar: open the staking feature, select a validator, enter the amount, then review the commission and transaction details, and finally confirm and sign in your wallet. After confirmation, the new staking will first appear as pending and will participate starting from the next cycle. A cycle (epoch) is a period of time during which Sui performs unified settlement and updates the network state. On the mainnet, each cycle is about 24 hours. Therefore, if you just completed staking and don’t see accumulated changes immediately, it doesn’t necessarily mean the operation failed.

First-Time SUI Staking: Understand It in 4 Steps

For your first time staking SUI, you can think of the “validator” as a participant responsible for verifying, processing transactions, and keeping the network running. The flow in most compatible wallets is similar: open the staking feature, select a validator, enter the amount, then review the commission and transaction details, and finally confirm and sign in your wallet.
After confirmation, the new staking will first appear as pending and will participate starting from the next cycle. A cycle (epoch) is a period of time during which Sui performs unified settlement and updates the network state. On the mainnet, each cycle is about 24 hours. Therefore, if you just completed staking and don’t see accumulated changes immediately, it doesn’t necessarily mean the operation failed.
BTC has been holding it in for a long time—time for this big one
BTC has been holding it in for a long time—time for this big one
NAVI has launched NAVI Prime At first glance, the design intent is to isolate lending and borrowing risk across different asset types So that volatility from high-risk assets doesn’t directly affect other lending markets Or you could put it this way: This is a design for an isolated market, focused specifically on “blue-chip assets as collateral.”
NAVI has launched NAVI Prime
At first glance, the design intent is to isolate lending and borrowing risk across different asset types
So that volatility from high-risk assets doesn’t directly affect other lending markets

Or you could put it this way:
This is a design for an isolated market, focused specifically on “blue-chip assets as collateral.”
The LP Pro of $CETUS provides a complete interface With which you can browse the trading volume, liquidity, and fees of each pool at once What’s especially worth noting is When we select pools, we can’t just look at a high APR We need to evaluate it along with other information Simply choosing pools with high APR may lead you to smaller TVL pools with higher volatility On the other hand, only about 10% of pools may have more stable trading volume and more sustainable income
The LP Pro of $CETUS provides a complete interface
With which you can browse the trading volume, liquidity, and fees of each pool at once

What’s especially worth noting is
When we select pools, we can’t just look at a high APR
We need to evaluate it along with other information
Simply choosing pools with high APR may lead you to smaller TVL pools with higher volatility
On the other hand, only about 10% of pools may have more stable trading volume and more sustainable income
Are you using encrypted cards?
Are you using encrypted cards?
Friends, are you going to Singapore for TOKEN2049 this year?
Friends, are you going to Singapore for TOKEN2049 this year?
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