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Binance bStocks Liquidity Pool Yield — Real Test

Recently, there have been #bstock pooled assets that have been very hot because they eat up trading fees. I personally tried it by putting in 1.85 BNB.

At the time, the value of what I invested was about 1257U. After running for 2 days, my account value increased to 1353U. My profit over the two days was 96U, of which 26U was fee income.

If you calculate purely based on the U denomination, the annualized return for these two days is already 1400%+; if you only count the fee income, the annualized figure is still around 377%, which is indeed pretty outrageous.

Of course, you shouldn’t simply interpret this return as a stable annualized yield. Last night, both $SPCXB and $BNB saw a noticeable spike, so the growth in the U-denominated asset value was driven by market factors to a large extent.

If you want to participate, you can do your own research. Entry point:
Binance Web3 Wallet → Finance → Liquidity Pool → bStocks

After selecting the trading pair, you can set your price range based on your judgment. My personal advice is not to set the range too narrow—otherwise, once the price breaks out of the range, you may not be able to continue earning fee income.

⚠️ Risk warning: Liquidity pools are not capital-guaranteed investment products.
Especially if the coin price drops significantly, in addition to impermanent loss, you may also face the risk that the asset’s own value declines. So don’t just look at the annualized fee return.

As for me, I currently have a relatively favorable view of BNB and SPCX. If it really falls, then I’ll just treat it as taking delivery 😂

Also, you can use my invitation code in the Binance Web3 Wallet:
M5JSJL29
This can reduce trading fees by 30%. If you need it, you can use it yourself.

"Robinhood Beginner’s Guide: Deposits, Sniping, and Liquidity Mining Explained in One Go"

Robinhood has indeed been quite hot lately, with lots of 100x moonshots popping up and liquidity pool yields also looking very high.
However, many people still don’t know how to participate, so below I’ll briefly walk you through it, step by step: deposit → sniping → liquidity mining.

1️⃣ Deposit

Robinhood currently mainly uses $ETH and USDG for trading.

ETH cross-chain:
The first choice is the Binance Web3 Wallet, which can bridge directly to Robinhood with relatively low fees.
You can also use Relay (relay.link) for bridging, and the fees are also not too high.

USDG deposit:
You can directly bridge USDT to Robinhood, but this method has relatively high fees.
Another option is to buy USDG spot on an exchange that supports USDG (the one next door supports it), then withdraw it to Robinhood. In my test, the withdrawal fee was about 0.23U per transaction, so if the amount is relatively large, I personally recommend buying USDG directly and then withdrawing it, as the cost will be more economical.

2️⃣ Sniping 🐶

Entry:
Binance Web3 Wallet → Home → Hot → Robinhood
There you can directly see the currently more popular projects.
Of course, moonshots are risky, so don’t see the words “100x” and go all in 😂
DYOR; managing your position size is the most important thing.

3️⃣ Liquidity Mining 💰

If you don’t want to snipe new tokens, you can also participate in Robinhood liquidity pools.
Entry:
Binance Web3 Wallet → Earn → Liquidity Pool → Robinhood
After entering, choose the trading pair you want to participate in, then set the liquidity price range.
The fee yield from liquidity pools does seem pretty high right now, but note: high yield does not mean no risk. Price volatility, impermanent loss, and the risks of the project itself all need to be considered.

🎁 Binance Web3 Wallet Invitation Code
If you haven’t used the Binance Web3 Wallet yet, you can use my invitation code:
M5JSJL29
to enjoy a 30% fee discount.
#Robinhood

Why is there a more than 10x spread between Binance and OKEx for $SPCX ? Is that crazy or what? Anyone know?