Binance Web3 Staking Event, Sui Chain Staking

Event Introduction:

Stake USDC on the Sui chain, currently with an annualized yield of over 100%, which will fluctuate at any time, providing rewards of over $8,000 a day, distributed to all Binance Web3 wallets participating in the event.

Target Audience:

Users with large funds who want a relatively safe investment; for users with small funds, the returns are not significant.

Water Brother's Opinion:

Those with small amounts of capital should not participate to avoid wasting transaction fees; those with large amounts can participate as the returns are still quite considerable. Furthermore, staking USDC has little fluctuation, making it relatively safe.

Reasons:

1. The yield is relatively high, suitable for large capital preservation and wealth management.

2. USDC has low volatility; aside from the staking transaction fees and some capital circulation costs, there is basically no loss.

3. If you do not want to engage in high-risk investments but still want your assets to earn money, you can participate.

Risks:

1. Funds are not as flexible as those staked on an exchange; you need to wait for on-chain verification, so you must leave enough space.

2. Extremely low probability of project exit risk; all projects have this. Generally, it will not happen when the market is doing well.

3. Risks of funds being stolen due to various dApps and authorizations on the chain; this risk is relatively high but can be mitigated.