380% Annualized (Daily Profit of One Percent of Principal) New Mine, Collection

Today I saw someone talking about BasisOS, it sounded interesting, so I went to the official website and documentation to take a look, and I felt like I could participate.

Just right, the situation has changed these past two days, the on-chain liquidity and sentiment have worsened, and the new projects have been facing setbacks. I was planning to reduce my risk exposure and return to the old business of DeFi mining, so I threw in 1000u to test the waters.

Let’s get to the point.

Currently, the official website has two vaults that can be invested in. The operation principle of the vaults is very simple: buy spot and then go short, hedging to earn funding rates, with a basic annualized rate of 10%.

At the same time, you can also earn bios incentives, and considering the incentives, the total annualized rate exceeds 380%, which is equivalent to giving you one percent of your principal in bios tokens every day, which is quite appealing.

It’s important to note that the principal can be withdrawn at any time, but bios rewards must be locked for 6 months.

I suggest that if there are no other good projects to play with, you can throw in some funds to mine and then find a platform that supports bios contracts to go short and hedge the profits directly.

If the coin price remains stable, just wait until maturity to withdraw and sell. If the coin price plummets in the meantime, you can go short to profit directly, and you can forget about the locked value, making it easier.