BitHappy
--
Bullish
An arbitrage opportunity!
There are two ways to redeem DUSD for USDT/USDC on StandX:
1) Through the official Redeem, but you have to wait 7 days and pay a 0.1% fee.
2) Directly Swap through Pancake or Raydium, but the exchange rate is determined by depth.
About an hour ago, $DUSD was dumped directly on Pancake, and the current ratio with USDC is 0.9938.
Currently, 10000 USDT can buy 10051 DUSD, but redeeming 10051 will get you 10041 USDT.
This means a profit of 41U for 10000U over 7 days.
I have limited funds, and I have already completed the operation, currently in the redemption period, now it's up to everyone!
Direct link to StandX official website and my personal understanding of it is in the quoted post!
In short, a project led by the Binance contract manager, StandX is funded by the Solana Foundation, and recently BNB Chain has also been supporting it.
There are two ways to redeem DUSD for USDT/USDC on StandX:
1) Through the official Redeem, but you have to wait 7 days and pay a 0.1% fee.
2) Directly Swap through Pancake or Raydium, but the exchange rate is determined by depth.
About an hour ago, $DUSD was dumped directly on Pancake, and the current ratio with USDC is 0.9938.
Currently, 10000 USDT can buy 10051 DUSD, but redeeming 10051 will get you 10041 USDT.
This means a profit of 41U for 10000U over 7 days.
I have limited funds, and I have already completed the operation, currently in the redemption period, now it's up to everyone!
Direct link to StandX official website and my personal understanding of it is in the quoted post!
In short, a project led by the Binance contract manager, StandX is funded by the Solana Foundation, and recently BNB Chain has also been supporting it.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.