💡 Binance promotes 12% USDC savings

Friends with idle assets

can lend some U through the Sui lending protocol

First recommended Suilend and AlphaLend

Mainly because neither requires lending fees

This is more favorable for Binance's one-month event

Currently, through collateral of $SUI or other cryptocurrencies

The interest for borrowing $USDC in both protocols is around 7% (including rewards)

Depositing it in Binance can yield about 4-5%

In terms of risk, if there is too much borrowing and the interest rate is high, it becomes unprofitable

However, little penguin has been observing the Sui lending market long-term

Suilend's interest may rise >12% but usually not for more than a day

Alphalend rarely experiences spikes

Next is the risk of price drops when using SUI / tBTC / lBTC as collateral

This requires constant monitoring of prices and health values, set your own alarms

Although the interest is not high, it is considered a friendly strategy for diamond hands. Sharing with everyone 😁