Where to earn idle funds? Invest in crypto on Binance!

Recently, many classmates have been making a lot of money, and many have come to ask me about financial management knowledge. I usually like to engage in low-risk investments, arbitrage with U-based currency, or high-yield DeFi. Recently, I participated in some financial management options on Binance, so I can share some insights.

First, I plan to divide this into three parts: capital preservation and earning coins, on-chain financial management, and dual currency investment, each representing different levels of operational difficulty and returns, of course, increasing sequentially.

1. “Yu'ebao” that even beginners can operate — Capital Preservation and Earning Coins

Binance's capital preservation and earning coins can simply be described as a crypto version of “Yu'ebao,” divided into flexible and fixed terms. The flexible option can be redeemed at any time without any restrictions, compounding interest every minute. The fixed term locks in for a specified period, but it's important to note that if you redeem before the lock-in period, you will lose all interest, and the arrival time is about 48 to 72 hours.

One point to note is that in the fixed term of stablecoins, there is a label “Easy Deposit and Loan for Coins.” When subscribing to such fixed-term products, users need to match orders to enjoy the displayed yield rate. Before that, they can still enjoy the flexible interest rate, and of course, they can redeem at any time before matching.

2. Entry-level course for financial management masters — On-chain Earning Coins

Actually, most of the time, the deposit yields in some on-chain DeFi protocols are higher than those on exchanges, so this is an entry-level operation. However, there are many things to pay attention to and complexities involved. Each DeFi protocol has different yields, currencies, requirements, subscription limits, redemption periods, and the public blockchain they are on. For beginners, this requires thorough research.

As shown in Figure 1: Here, I recommend everyone use Binance Wallet to participate in the on-chain financial management of the recommended DeFi protocols. The main reason is security; first, there is no possibility of private key theft with the wallet, and secondly, the recommended DeFi protocols have been verified for higher security.

As shown in Figure 2: Binance Wallet often has financial activities that everyone can pay attention to in real-time, all involving different currencies. Some stablecoin financial activities can even reach an APY of 15%. However, before participating, you need to pay attention to the public blockchain of the protocol, subscription requirements, registration time, and redemption date. Most importantly, you must subscribe from the wallet activity interface; otherwise, you will not participate in the activity.

As shown in Figure 3: In fact, there are various on-chain DeFi protocols. As seen in the figure, USDT exists in many protocols, each with different requirements and yields. However, the wallet makes it convenient to directly click to withdraw from the supply interface, as long as the corresponding currency is available in spot trading.

As shown in Figure 4: Different protocols in wallet financial activities have different operational standards and processes. As seen in the figure, this activity has ended, so the APY has returned to normal at about 7%. During the event, the subsidy was 14%+, but it required exchanging USDT for USDX and staking to obtain sUSDX on the event interface. I incurred a loss here because I didn’t carefully check the requirements and missed out on a few days of earnings. Also, redemption takes 24 hours, and these requirements are detailed in the information. No matter what activity you participate in, you must first read the important notes carefully.

3. Wealth creation strategies for trading masters — Dual Currency Investment

Actually, I haven't participated much because I have a clear understanding of my trading level. However, if you have considerable trading skills, this is an extremely lucrative area, with APY yields as high as 400% that I have seen.

Taking BTC in the figure as an example, the current marked price is in the upper right corner, and in dual currency investment, there are different directions, terms, prices, and APY. The direction here represents your operational direction, the term represents the time you invest, the price represents the standard price at maturity, and the APY represents the annualized return you can obtain.

For example, if I choose a high selling price of 108,000, a term of 1 day, and a yield of 140.92%, this means I will use BTC to invest in dual currency investment. When settling tomorrow, if the BTC price is greater than or equal to 108,000, I will receive the USDT from selling the BTC I invested at the price of 108,000 plus the USDT earnings generated at an APY of 140.92% for that day. If the BTC price is less than 108,000, I will receive the BTC earnings generated at an APY of 140.92% for that day.

If I choose a low buying price of 107,500, a term of 1 day, and a yield of 155.84%, this means I will use USDT to invest in dual currency investment. When settling tomorrow, if the BTC price is less than or equal to 107,500, I will receive the BTC that I can buy with the USDT I invested at the price of 107,500 plus the BTC earnings generated at an APY of 155.84% for that day. If the price is greater than 107,500, I will receive the USDT earnings generated at an APY of 155.84% for that day.

Failing to buy low has high interest, while successfully buying low can lead to bottom fishing. It sounds very complicated; however, I think it's easy to understand. If it’s really too complicated, you can treat it as a tool for wave trading with guaranteed returns without having to monitor the market, and then you will be invincible!

@cz_binance @heyibinance @binancezh @BinanceWallet @sisibinance @yayabinance @0xDaTang