Brother Chicken has always been a very friendly blogger to newbies.

However, this time the Sei event seems really unreliable...

Reason 1: The APY rewards are unlimited... This means that as more people participate, the APY will decrease more and more.

However, the second staking of Sei has a quite high APY—it's 100%.

Here, let me teach you an operation.

Use USDT as collateral for lending on Binance.

You borrow SEI and then use SEI to earn interest.

The borrowing interest for Sei is: 2%.

The staking interest for SEI is: 100%.

This means you earn 98% APY.

This is much better than directly staking USDC into SEI.

【Risk Points】

If SEI skyrockets, there may be liquidation risks with staking and lending.