BitHappy

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.

USD1 Market cap 24-hour growth 7.68%, but the price has only increased by 0.2%!

Why is that? Who is making money from this?

So, the top earning strategy for USD1 with a 20% annual return is!??

Recently conducting research and practical testing in the prediction market～

➤ Research results:

1/ End-of-day strategy: A small-scale test of the end-of-day strategy was conducted, and the results showed a negative EV (expected value), with an overall loss, not recommended as a primary direction.

2/ Short-term binary contracts: In-depth observation and data collection were also conducted for short-term binary contracts. No significant single-market arbitrage opportunities have been found so far. The market odds probabilities generally closely follow the fair probabilities derived from the Black-Scholes formula, with relatively efficient pricing and no arbitrage opportunities.

3/ Cross-market arbitrage: Currently, the only relatively stable opportunity lies in cross-market arbitrage. For example, buying Yes on one platform and buying No on another when the price difference is sufficient to cover transaction fees, which allows for locking in risk-free returns.

Polymarket can be prioritized as one leg, as its transaction fees are zero, significantly enhancing overall returns.

➤ Of course, the following key points must be noted:

1/ The percentage difference must be greater than the fees of the other platform;

2/ Prioritize events with shorter expiry times to improve capital turnover rate.

Note: The above is for information sharing only, not investment advice, please conduct your own research!

DeFi and prediction market enthusiasts: 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

USD1 annualized 20% is very enticing!

But if you don't want to buy at a premium, consider borrowing.

👇 A few options:

1️⃣ Binance: You can borrow USD1 through Binance VIP or Binance leverage, with an interest rate of about 4% to 10%.

2️⃣ Lista Smart Lending: The lowest interest rate, only 0.03%. Also, the $U seems to be under pressure, with signs of price decline, and forming LP isn't bad either.

3️⃣ APT Chain Lending Protocol: Since APT started supporting USD1, it has been providing subsidies and is a source of income for many partners. But I haven't looked at the lending rates; the current situation is not very clear.

Note: The above is for informational sharing only and is not investment advice. Please make sure to do your own research!

DeFi enthusiasts: BitHappy

Oh no, Binance has issued a fee discount～

$USD1 savings account, the first 50,000 coins per account can enjoy a 20% annualized return, nice!

Friends in the group received the news an hour earlier than the official announcement, and had already bought and deposited when the USD1:USDT exchange rate was 0.9995.

So great, the bear market brings warmth!

Yesterday I borrowed USDT from the wallet activity, and I was still hesitating whether to exchange it for U to go to Brother Sun's venue for a 20% APR, but now I don't have to worry at all.

Going to Binance and the president's venue to play, much more at ease!

First, congratulations to Easy Fun for obtaining funding from Mirana.

In today's increasingly competitive environment of the Perp DEX track, breakthroughs at the technical level are indeed challenging.

However, in terms of application, there is relatively more room for innovation. For example, Easy Fun is about to launch a trading competition, or we could say trading gamification.

In brief: Easy Fun is an open on-chain trading arena built on Hyperliquid, where users can easily experience social and gamified trading through ranking competitions, honor boards, and points systems.

👇 According to the current plan, it will launch several competition modes:

1️⃣ Official tournaments: Participants share the prize pool.

2️⃣ Duel matches: Instant win or loss in 1V1, and perhaps allowing betting on wins and losses.

3️⃣ Privacy matches: Exclusive and confidential, highly customizable, with specific gameplay yet to be announced.

Overall, although the competition features have not yet been launched, since the funding news has been announced, it indicates that the product prototype has likely been shown to investors and received recognition.

Next, we will see what new tricks it can play; their app is also very smooth.

As for me, I am not a trader, but the competitions will be fully transparent on-chain, allowing users to directly follow the operations of top traders in Easy Fun.

If they could also gamify "trading education," that would be even better.

To be honest, I am quite looking forward to trading competitions becoming a norm, as this will not only increase the fun but also filter out truly capable traders.

At Huobi exchange, you are scared, but those garbage tokens on-chain are rushing in like they've found treasure.

The team on-chain probably can't even gather 1 million in startup funds, yet you are throwing in tens of millions.

Sun has lost tens of billions of his fortune, yet you are the ones who are scared.

Sometimes I really don't understand your logic; you have to set alarms to grab those second-rate stablecoins.

With projects from Brother Sun and CZ, you are willing to do extensive research.

As for the garbage token stablecoins, I haven't seen you research them.

I've only heard you say: didn't get it, what a pity.

I don't mean to laugh at everyone else; it's just that other than top-tier protocols on-chain, only exchanges are left to play with.

From: The community at HTX storing 1M $U to earn 20% annualized returns, Didi Brother～

Did Brother Sun take a trip to space and really experience the overview effect? Is the landscape now astonishingly vast?

The above is not investment advice; I just think what Didi Brother said makes sense!

Negative interest borrowing, Binance Wallet DeFi Carnival Season 2 is officially launched～

The star of this season is Venus, a well-established lending protocol on the BNB Chain.

Event details👇

Mortgage FDUSD, USDC, ETH, BNB, BTC, BETH to borrow USDT, and enjoy interest subsidies.

Currently, the borrowing interest rate is -4.38%, which means that as long as you borrow money, you can receive rewards.

It should be noted that: although the deposit interface supports depositing USDT, the event description clearly states: effective reward borrowing will deduct the USDT amount deposited in the event pool.

In other words, you cannot perform cyclical operations through the deposit and borrowing of USDT.

This morning, friends in the group have already discovered this event, and initially thought they could take advantage of it for a while longer, but it was just officially announced, hahaha!

👉 Event entrance: Binance App → Wallet → Discover → Exclusive Airdrop

Note: The above is only for information sharing, not investment advice, please be sure to do your own research!

DeFi Enthusiast: BitHappy

In my observation, "rule-followers" are mostly rural people, while city folks seem a bit better.

I am one of them, just like most of my classmates from the village and the county.

Fortunately, I chose a career that is suitable for rural children from the very beginning: programmer.

Before truly becoming a programmer, I consulted with my family elders.

He said: Being a programmer is quite good, but one might become paranoid and less adaptable in personality later on.

I have always remembered this sentence; it serves as a reminder, constantly urging me not to head towards such extremes, so I pay extra attention to my programmer colleagues at work.

What impresses me the most are the boss in my first job and his boss, both of whom are good bosses, but one is more paranoid than the other, making them seem a bit eccentric.

I am very afraid of becoming like that, although I am not clear how my colleagues perceive me, but at least colleagues in other positions often say I don't look like a programmer, which gives me some reassurance.

So why does a programmer's personality tend to be this way?

Perhaps it's the belief of "effort will be rewarded," which is continuously reinforced in the programming profession. After all, before entering management, programmers can indeed gain salary rewards through skill enhancement. This positive feedback makes "effort must be rewarded" a creed.

But therein lies the problem; due to a lack of smoothness in personality and values, many people find it difficult to be promoted or change positions, ultimately facing unemployment at 35/40 years old or falling into anxiety prematurely.

Maybe it was the elder's reminder back then that planted a seed in my heart, gradually shaping me into who I am today.

Although I am still not smooth enough, and even a bit dull, with almost zero social skills, especially in a profession like "KOL" that requires socializing.

Looking back at my first experience at an offline event, I felt like a fool.

Yet, despite that, I still enjoy my current life, which is almost entirely different from my life as a programmer.

I need to socialize, need to communicate, need to step into various places, need to listen, need to express, need to continually hone myself.

All of this makes me feel as if I have been reborn, even though my performance is not great.

I am still continuously experiencing, witnessing, enjoying, and changing.

Thanks, Crypto~

Any application related to wallets, for whatever reason, must be confirmed to have been backed up before deletion!

Don't remember only after deleting that the wallet's mnemonic phrase or private key was not backed up!!!

How bearish is DeFi～

A project claiming an expected APY of over 1000% on its official website has seen less than 50 deposits totaling under 400,000 USD in the past 50 days.

If it were during a hot market, everyone would probably have ignored the background and logic, and directly deposited at least a few million.

Through the 'Binance Chat' 'Transfer' feature, you can earn up to 5 Alpha points.

As shown in the image 👇

The domestic competition is too intense, and the Lanzhou ramen owner actually plans to work in Dubai!!?

I happened to overhear the owner talking with a friend about working in the UAE while eating at a Lanzhou ramen restaurant.

Although I didn't catch everything, there were a few sentences like this:

Owner: I can earn 10,000 RMB a month in China, and I can earn 10,000 USD a month in the UAE.

Friend: Can the math be that simple? How can you be sure you can really earn that?

Owner: My friend said so.

Friend: Is that true? What if you can't earn it? I have friends in Dubai, but I haven't heard of anyone earning that much.

Owner: I'm planning to go there for 3 months first, earn enough for the work visa's 150,000 investment, then work for another 3 months to bring my wife over, and then bring the whole family over.

Friend: What if you don't earn anything? And what about safety? You, a big man, can live in bunk beds and not be afraid of being extorted, but what about your wife? It's really competitive in the country, but you can still live a laid-back life. Your shop is doing well, why do you have to go work elsewhere?

Owner: It's more free over there.

Friend: Free? Is going out to work like a donkey really freedom? Look at me, I would rather lie down every day than go out and be a donkey.

That's about it.

I'm quite curious, can earning 10,000 RMB a month in China really turn into 10,000 USD in Dubai?

Based on my last experience in Dubai, the cost of food and accommodation is about 1.2 to 1.5 times more expensive than in China.

Water is even more outrageous; bottled water that costs 2 yuan and cola that costs 3 yuan in China simply don't exist there. I remember seeing a bottle of water priced at 50 in a restaurant, thinking it was some special water, but when I ordered it, it was just ordinary mineral water. At that time, I thought I had encountered a mineral water scam, 🤣

Personally, I feel that going to Dubai can't really turn an income of 10,000 RMB into 10,000 USD.

Unless you're a driver scamming customers; for example, I was hard-pressed by a driver in Dubai who charged me ten times the fare!

The Buidlpad treasury was filled up in less than 24 hours～

If the rumors are true, this deposit may be linked to the eligibility for the next new project, so $3000 is likely the key threshold, after all, the previous few times have been this amount.

So, how many addresses have deposits exceeding $3000 this time?

Not many, about 912.

The selection criteria are: ≥ 3 BNB, ≥ 1 ETH, and ≥ 3000 USDT.

Yesterday, I rushed with friends in the group, hoping for good fortune!

Arbitrage requires research, and even grabbing benefits requires research.

It's just that many projects are black-boxed; research ultimately comes down to competing on information disparity.

The bottom of Bitcoin is often the top of the previous bull market!

This phrase is rarely mentioned now; is it that people no longer believe in cycles, or do they think the bear market hasn't truly started yet?

BNB Chain's latest stable $U is officially launched!

Subsequently, I saw a tweet from Lista: supporting the collateral and lending of U, but the current deposit interest rate is 0%.

I also specifically checked on-chain to see if there were any premium arbitrage opportunities, but I found none; however, there are several low-quality projects trying to leverage U.

Next, I saw a tweet from Brother Sun: announcing that U has been launched, and directly providing an initial annualized yield of 20%!

Brother Sun, your support speed is too fast, isn't it? This $U is not a bit related to you, right?

However, your $USDD's active annual yield in the Binance wallet is only 13% now.

Note: The above is for information sharing only and not investment advice; please be sure to do your own research!

DeFi enthusiasts who are afraid to play in Brother Sun's venue: BitHappy

Variational points have been launched, retroactively ~

This only applies to accounts trading the $BTC pair, with a trading volume of 9.5M giving less than 21 points, I don't understand.

What are the rules for distributing these points?

It's what the group friends said about high points: either early? Or have been liquidated in large amounts? Or high deposits, or trading small coins?

Before entering the cryptocurrency world, I worked at a well-known gaming company in Caohejing, living in Sijing.

The daily commute took about an hour, but the gaming industry is tough with overtime, basically a 996 schedule, and there were even closed development phases. Looking back, the only time I could feel the sunlight was probably during that commute every morning.

After entering the cryptocurrency space, my wife also stopped working. In theory, our time and geographic location were quite free, but life didn't turn into a state where we could go anywhere we wanted.

Because my full-time days in cryptocurrency coincided with the day my daughter was born. Wherever we went, we had to bring this little "baggage" with us. I could have chosen to avoid winter, but traveling with a child is really exhausting for just my wife and me, and my parents also couldn't conveniently follow us around.

The happiest one is still my daughter, who is also the biggest beneficiary of my entry into the cryptocurrency world. Since her birth over two years ago, she has almost had her parents with her 24 hours a day.