BitHappy
DeFi 爱好者，喜欢钻研投资和空投策略，乐于分享有价值的见解和经验。
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Stablecoin strategies with over 40% APR: USDe + sUSDe loop lending!
Last week’s hottest AAVE loop lending strategy ran out of limits in less than two days, this time it seems the big guy withdrew to buy the dip elsewhere, and now there are limits available again!
After finally getting cheap sUSDe, we can participate in loop lending again. By the way, I’ll prepare a table for everyone’s reference!
⛏️ Operation Process:
0️⃣ Enable E-Mode for sUSDe on AAVE to increase the borrowing ratio;
1️⃣ Exchange or mint USDe/sUSDe;
2️⃣ Deposit into AAVE;
3️⃣ Borrow USDT;
♾ Loop through steps 1️⃣ 2️⃣ 3️⃣ until you no longer want to loop, currently it’s generally popular to loop 5 times.
I’m not sure if the points calculation is correct, the official points for 5 loops is 25, which seems off.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
Last week’s hottest AAVE loop lending strategy ran out of limits in less than two days, this time it seems the big guy withdrew to buy the dip elsewhere, and now there are limits available again!
After finally getting cheap sUSDe, we can participate in loop lending again. By the way, I’ll prepare a table for everyone’s reference!
⛏️ Operation Process:
0️⃣ Enable E-Mode for sUSDe on AAVE to increase the borrowing ratio;
1️⃣ Exchange or mint USDe/sUSDe;
2️⃣ Deposit into AAVE;
3️⃣ Borrow USDT;
♾ Loop through steps 1️⃣ 2️⃣ 3️⃣ until you no longer want to loop, currently it’s generally popular to loop 5 times.
I’m not sure if the points calculation is correct, the official points for 5 loops is 25, which seems off.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Finally, today the PT-sUSDe expires, but the AAVE sUSDe pool is full!
Now it's more cost-effective to directly swap sUSDe, with a profit of about 0.32% per transaction, requiring a 7-day unlock.
If we follow the most popular USDe + sUSDe circular loan for five times at a 50% APR over the past two days.
This could save approximately👇
(1 + (0.9) + (0.9 * 0.9) + (0.9 * 0.9 * 0.9) + (0.9 * 0.9 * 0.9)) * 0.32% / 2 ≈ 0.668% of the principal.
This is approximately 0.668% / (50% / 365) ≈ 4.87 days of earnings.
If during these 4.87 days, the sUSDe pool can be added, that would be great; otherwise, it wouldn't be worth it.
Because the 0.668% converted to APR is only 0.668% / 7 * 365 ≈ 34.8%.
Now it's more cost-effective to directly swap sUSDe, with a profit of about 0.32% per transaction, requiring a 7-day unlock.
If we follow the most popular USDe + sUSDe circular loan for five times at a 50% APR over the past two days.
This could save approximately👇
(1 + (0.9) + (0.9 * 0.9) + (0.9 * 0.9 * 0.9) + (0.9 * 0.9 * 0.9)) * 0.32% / 2 ≈ 0.668% of the principal.
This is approximately 0.668% / (50% / 365) ≈ 4.87 days of earnings.
If during these 4.87 days, the sUSDe pool can be added, that would be great; otherwise, it wouldn't be worth it.
Because the 0.668% converted to APR is only 0.668% / 7 * 365 ≈ 34.8%.
See original
DeFi Pitfall Diary: When using lending protocols, you need to check the borrow-to-deposit ratio first!
Last night, a community member saw a mining opportunity with a 77.59% APR on USDC. After confirming that the project had not been hacked, they cross-chain deposited into it.
This morning, they found that they could not withdraw it. Upon reviewing the project's Discord information, they discovered that it was due to a vulnerability where the borrowed amount exceeded the deposited amount.
It is estimated that this fund may not be recoverable.
Another community member said: You need to check the borrow-to-deposit ratio first!
Last night, a community member saw a mining opportunity with a 77.59% APR on USDC. After confirming that the project had not been hacked, they cross-chain deposited into it.
This morning, they found that they could not withdraw it. Upon reviewing the project's Discord information, they discovered that it was due to a vulnerability where the borrowed amount exceeded the deposited amount.
It is estimated that this fund may not be recoverable.
Another community member said: You need to check the borrow-to-deposit ratio first!
See original
August: It's that time again, what to play this month!
July is the harvest season, not only is it a month for the TGE of key projects I participate in, but also a month for profits and recovering investments from altcoins!
🆕 New addition:
1️⃣ The combination of Ethena + AAVE's circular loan power is too strong and has been added to the daily yield scene.
2️⃣ List has become the main storage location for idle assets. Last month, the asset dashboard was finally updated, and it can also bind robots to receive liquidation reminders for borrowing.
1️⃣ Recently, I've been experiencing DeFi + AI protocols, currently deeply involved with AIWayfinder Giza, but they still need iterations.
🆕 New addition:
1️⃣ The combination of Ethena + AAVE's circular loan power is too strong and has been added to the daily yield scene.
2️⃣ List has become the main storage location for idle assets. Last month, the asset dashboard was finally updated, and it can also bind robots to receive liquidation reminders for borrowing.
1️⃣ Recently, I've been experiencing DeFi + AI protocols, currently deeply involved with AIWayfinder Giza, but they still need iterations.
See original
Small Mine & Arbitrage: 2%-3% profit can take up to 7 days!
The arbitrage opportunity of sWBERA mentioned yesterday has come again, and this time it was discovered a bit more timely, with a profit of around 2.5%.
📖 The following information comes from the official website and friends in the group:
1️⃣ Berachain officially opens Bera staking rewards, but you need to exchange BERA for sWBERA (the official refers to sWBERA as a liquidity receipt token, but it can be understood as the LST of BERA);
2️⃣ The channels to obtain sWBERA are still through official staking (redemption takes 7 days) and on-chain exchange;
3️⃣ Friends in the group said: The borrowing interest of BERA has increased again (something must have happened);
4️⃣ Sure enough, the exchange rate of sWBERA has fallen compared to the official staking!
🤔 Logical Analysis:
1️⃣ Official staking acts as a bottom line; if the on-chain exchange rate is lower than the official staking, it's definitely a bottom line;
2️⃣ The exchange rate difference is about 3% (when I discovered it);
⛏️ Operation Method:
1️⃣ For those who have BERA, directly exchange it for sWBERA through a DEX, such as Kodiak, and then redeem it directly through BeraHub, or not sell to enjoy the staking rewards that come with sWBERA.
2️⃣ For those without BERA, you can use contract hedging or borrow BERA, and then carry out operation 1️⃣.
Note: The above is for information sharing only, not investment advice; please do your own research!
DeFi Enthusiast: BitHappy
The arbitrage opportunity of sWBERA mentioned yesterday has come again, and this time it was discovered a bit more timely, with a profit of around 2.5%.
📖 The following information comes from the official website and friends in the group:
1️⃣ Berachain officially opens Bera staking rewards, but you need to exchange BERA for sWBERA (the official refers to sWBERA as a liquidity receipt token, but it can be understood as the LST of BERA);
2️⃣ The channels to obtain sWBERA are still through official staking (redemption takes 7 days) and on-chain exchange;
3️⃣ Friends in the group said: The borrowing interest of BERA has increased again (something must have happened);
4️⃣ Sure enough, the exchange rate of sWBERA has fallen compared to the official staking!
🤔 Logical Analysis:
1️⃣ Official staking acts as a bottom line; if the on-chain exchange rate is lower than the official staking, it's definitely a bottom line;
2️⃣ The exchange rate difference is about 3% (when I discovered it);
⛏️ Operation Method:
1️⃣ For those who have BERA, directly exchange it for sWBERA through a DEX, such as Kodiak, and then redeem it directly through BeraHub, or not sell to enjoy the staking rewards that come with sWBERA.
2️⃣ For those without BERA, you can use contract hedging or borrow BERA, and then carry out operation 1️⃣.
Note: The above is for information sharing only, not investment advice; please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Today everything is going wrong!
In the morning, the community had no water supply, and I started operating the USDe 49% APR circular loan strategy without even properly washing up.
Meanwhile, the community was filled with enthusiastic discussions about the arbitrage opportunities due to the decline in the sWBERA exchange rate and the skyrocketing deposit rate for BERA, which presented hedging mining opportunities.
I originally planned to finish the USDe circular loan operation before going for BERA.
Unexpectedly, when I exchanged USDe on Arbitrum, I found that the Ethena official aggregator's quote showed that I could buy USDe at a low price.
However, after struggling for an hour, I still couldn't buy in. I thought about going for the sWBERA arbitrage opportunity of around 3.6% for 7 days (which translates to an APR of about 201%, and holding sWBERA also yields around 120% APR). Just as I prepared the funds, the arbitrage opportunity shrank to only 1.x%, and I instantly felt uncomfortable.
Now I'm still trying to buy USDe at a low price, and I still haven't sorted it out, it's so frustrating!
In the morning, the community had no water supply, and I started operating the USDe 49% APR circular loan strategy without even properly washing up.
Meanwhile, the community was filled with enthusiastic discussions about the arbitrage opportunities due to the decline in the sWBERA exchange rate and the skyrocketing deposit rate for BERA, which presented hedging mining opportunities.
I originally planned to finish the USDe circular loan operation before going for BERA.
Unexpectedly, when I exchanged USDe on Arbitrum, I found that the Ethena official aggregator's quote showed that I could buy USDe at a low price.
However, after struggling for an hour, I still couldn't buy in. I thought about going for the sWBERA arbitrage opportunity of around 3.6% for 7 days (which translates to an APR of about 201%, and holding sWBERA also yields around 120% APR). Just as I prepared the funds, the arbitrage opportunity shrank to only 1.x%, and I instantly felt uncomfortable.
Now I'm still trying to buy USDe at a low price, and I still haven't sorted it out, it's so frustrating!
See original
Finally, today the PT-sUSDe expires, but the AAVE sUSDe pool is full!
Now it's more cost-effective to directly swap sUSDe, with a profit of about 0.32% per transaction, requiring a 7-day unlock.
If we follow the most popular USDe + sUSDe circular loan for five times at a 50% APR over the past two days.
This could save approximately👇
(1 + (0.9) + (0.9 * 0.9) + (0.9 * 0.9 * 0.9) + (0.9 * 0.9 * 0.9)) * 0.32% / 2 ≈ 0.668% of the principal.
This is approximately 0.668% / (50% / 365) ≈ 4.87 days of earnings.
If during these 4.87 days, the sUSDe pool can be added, that would be great; otherwise, it wouldn't be worth it.
Because the 0.668% converted to APR is only 0.668% / 7 * 365 ≈ 34.8%.
Now it's more cost-effective to directly swap sUSDe, with a profit of about 0.32% per transaction, requiring a 7-day unlock.
If we follow the most popular USDe + sUSDe circular loan for five times at a 50% APR over the past two days.
This could save approximately👇
(1 + (0.9) + (0.9 * 0.9) + (0.9 * 0.9 * 0.9) + (0.9 * 0.9 * 0.9)) * 0.32% / 2 ≈ 0.668% of the principal.
This is approximately 0.668% / (50% / 365) ≈ 4.87 days of earnings.
If during these 4.87 days, the sUSDe pool can be added, that would be great; otherwise, it wouldn't be worth it.
Because the 0.668% converted to APR is only 0.668% / 7 * 365 ≈ 34.8%.
See original
Today everything is going wrong!
In the morning, the community had no water supply, and I started operating the USDe 49% APR circular loan strategy without even properly washing up.
Meanwhile, the community was filled with enthusiastic discussions about the arbitrage opportunities due to the decline in the sWBERA exchange rate and the skyrocketing deposit rate for BERA, which presented hedging mining opportunities.
I originally planned to finish the USDe circular loan operation before going for BERA.
Unexpectedly, when I exchanged USDe on Arbitrum, I found that the Ethena official aggregator's quote showed that I could buy USDe at a low price.
However, after struggling for an hour, I still couldn't buy in. I thought about going for the sWBERA arbitrage opportunity of around 3.6% for 7 days (which translates to an APR of about 201%, and holding sWBERA also yields around 120% APR). Just as I prepared the funds, the arbitrage opportunity shrank to only 1.x%, and I instantly felt uncomfortable.
Now I'm still trying to buy USDe at a low price, and I still haven't sorted it out, it's so frustrating!
In the morning, the community had no water supply, and I started operating the USDe 49% APR circular loan strategy without even properly washing up.
Meanwhile, the community was filled with enthusiastic discussions about the arbitrage opportunities due to the decline in the sWBERA exchange rate and the skyrocketing deposit rate for BERA, which presented hedging mining opportunities.
I originally planned to finish the USDe circular loan operation before going for BERA.
Unexpectedly, when I exchanged USDe on Arbitrum, I found that the Ethena official aggregator's quote showed that I could buy USDe at a low price.
However, after struggling for an hour, I still couldn't buy in. I thought about going for the sWBERA arbitrage opportunity of around 3.6% for 7 days (which translates to an APR of about 201%, and holding sWBERA also yields around 120% APR). Just as I prepared the funds, the arbitrage opportunity shrank to only 1.x%, and I instantly felt uncomfortable.
Now I'm still trying to buy USDe at a low price, and I still haven't sorted it out, it's so frustrating!
See original
When the incentive is given in tokens, and the tokens increase three to four times in a week, then the APR skyrockets!
So, can BTC/ETH/USDC/USD1 be deposited here?
Meanwhile, Lista has also opened up PT-USDe collateral borrowing USD1 due in October, and stacking on Dolo APR can exceed 36%.
Note: The interest incentives from Dolo are updated weekly, and the actual returns may be lower due to a decrease in token price when interest can be claimed.
Tip: The above is for information sharing only and not investment advice; please do your own research!
DeFi Enthusiast: BitHappy
So, can BTC/ETH/USDC/USD1 be deposited here?
Meanwhile, Lista has also opened up PT-USDe collateral borrowing USD1 due in October, and stacking on Dolo APR can exceed 36%.
Note: The interest incentives from Dolo are updated weekly, and the actual returns may be lower due to a decrease in token price when interest can be claimed.
Tip: The above is for information sharing only and not investment advice; please do your own research!
DeFi Enthusiast: BitHappy
See original
APY 536%: The DeFi protocol that requires the most attention, combined with a simple deposit and borrowing strategy, can still yield quite a bit.
BitHappy
--
Zhongkuang: 56% APR Stablecoin Strategy!
The bear market chain has prompted a series of butterfly effects after BGT's yield was cut by 33% for BERA.
The first impact is the decline of various BGT relative to the BERA exchange rate, but what follows are many high-yield strategies surrounding BERA.
For example, this is currently a topic of high discussion among community members.
📝 Operation Process:
1️⃣ In Dolomite, deposit USDC and borrow BERA.
2️⃣ In Euler, deposit BERA into the Lending pool.
According to the interest rate at the time of posting, after calculating through the table, the APR can be obtained as 56%, with an investment of $10,000 generating $12.29 daily.
Borrowing through Dolomite is just one way to acquire BERA; it can also be obtained through contract hedging or OKX lending, where the lending rate is currently lower.
Then, as everyone knows, the deposit rate in Euler is not very stable, but the average APR I have mined over the past few days can be maintained at above 36%!
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
The bear market chain has prompted a series of butterfly effects after BGT's yield was cut by 33% for BERA.
The first impact is the decline of various BGT relative to the BERA exchange rate, but what follows are many high-yield strategies surrounding BERA.
For example, this is currently a topic of high discussion among community members.
📝 Operation Process:
1️⃣ In Dolomite, deposit USDC and borrow BERA.
2️⃣ In Euler, deposit BERA into the Lending pool.
According to the interest rate at the time of posting, after calculating through the table, the APR can be obtained as 56%, with an investment of $10,000 generating $12.29 daily.
Borrowing through Dolomite is just one way to acquire BERA; it can also be obtained through contract hedging or OKX lending, where the lending rate is currently lower.
Then, as everyone knows, the deposit rate in Euler is not very stable, but the average APR I have mined over the past few days can be maintained at above 36%!
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
See original
Pre-registration for StandX's Perp Open Alpha Phase!
When opening the webpage for pre-registration, the first thing that comes to mind is a deposit of 11.95% APY.
So, those with idle U can also deposit here, 10% as a passing line is still quite good.
Direct link: https://standx.com/referral?code=BitHappy
Note: The above is for informational sharing only and is not investment advice. Please do your own research!
DeFi enthusiasts: BitHappy
When opening the webpage for pre-registration, the first thing that comes to mind is a deposit of 11.95% APY.
So, those with idle U can also deposit here, 10% as a passing line is still quite good.
Direct link: https://standx.com/referral?code=BitHappy
Note: The above is for informational sharing only and is not investment advice. Please do your own research!
DeFi enthusiasts: BitHappy
See original
Zhongkuang: 56% APR Stablecoin Strategy!
The bear market chain has prompted a series of butterfly effects after BGT's yield was cut by 33% for BERA.
The first impact is the decline of various BGT relative to the BERA exchange rate, but what follows are many high-yield strategies surrounding BERA.
For example, this is currently a topic of high discussion among community members.
📝 Operation Process:
1️⃣ In Dolomite, deposit USDC and borrow BERA.
2️⃣ In Euler, deposit BERA into the Lending pool.
According to the interest rate at the time of posting, after calculating through the table, the APR can be obtained as 56%, with an investment of $10,000 generating $12.29 daily.
Borrowing through Dolomite is just one way to acquire BERA; it can also be obtained through contract hedging or OKX lending, where the lending rate is currently lower.
Then, as everyone knows, the deposit rate in Euler is not very stable, but the average APR I have mined over the past few days can be maintained at above 36%!
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
The bear market chain has prompted a series of butterfly effects after BGT's yield was cut by 33% for BERA.
The first impact is the decline of various BGT relative to the BERA exchange rate, but what follows are many high-yield strategies surrounding BERA.
For example, this is currently a topic of high discussion among community members.
📝 Operation Process:
1️⃣ In Dolomite, deposit USDC and borrow BERA.
2️⃣ In Euler, deposit BERA into the Lending pool.
According to the interest rate at the time of posting, after calculating through the table, the APR can be obtained as 56%, with an investment of $10,000 generating $12.29 daily.
Borrowing through Dolomite is just one way to acquire BERA; it can also be obtained through contract hedging or OKX lending, where the lending rate is currently lower.
Then, as everyone knows, the deposit rate in Euler is not very stable, but the average APR I have mined over the past few days can be maintained at above 36%!
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
The exchange rate of iBGT and BERA has dropped to 1.066, can it surge?
A couple of days ago, the exchange rate was around 1.16, and it has fallen by 10% in the past two days, getting very close to 1. It is now at a critical point between surging or not.
Let’s clarify the relationship between iBGT and BERA. According to Berachain's design, BGT can be redeemed for BERA at a 1:1 ratio, while iBGT is the LST version of BGT. However, everyone’s BGT is currently held by Infrared, so theoretically, iBGT can open a 1:1 redemption channel.
📖 But there are two points to note:
1️⃣ Currently, the channels to acquire iBGT are through liquidity exchange and receiving rewards through mining, where the reward portion requires a 10% yield as protocol income, which means effectively paying 1.1 BGT for 1 iBGT;
2️⃣ According to common industry practices for LST token redemption, a tax of less than 0.1% may apply;
Based on the above two points, the strong peg price for iBGT is at 0.999, while the weak peg is around 1.1;
According to the current exchange rate of iBGT, the cost for everyone’s iBGT is greater than 1, even today, the cost of iBGT is around 1.066.
Now, some early advanced group friends have basically laid flat, but there are still quite a few partners planning to surge.
🤔 Let’s review both sides’ logic:
1️⃣ Pro side: It’s already close to 1, with only a 5% premium. As long as the APR increases, the exchange rate will definitely rise! Moreover, the base APR is currently over 100%. Even if the exchange rate doesn’t rise, using cyclical or leverage strategies will break even in about a week!
2️⃣ Con side: Seeing that it's about to reach 1, why rush in to chop off the interest? The new proposal (cutting 33% of BGT’s yield) will be executed on the 21st, and the APR will definitely drop, at which point both the exchange rate and APR will fall!
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
A couple of days ago, the exchange rate was around 1.16, and it has fallen by 10% in the past two days, getting very close to 1. It is now at a critical point between surging or not.
Let’s clarify the relationship between iBGT and BERA. According to Berachain's design, BGT can be redeemed for BERA at a 1:1 ratio, while iBGT is the LST version of BGT. However, everyone’s BGT is currently held by Infrared, so theoretically, iBGT can open a 1:1 redemption channel.
📖 But there are two points to note:
1️⃣ Currently, the channels to acquire iBGT are through liquidity exchange and receiving rewards through mining, where the reward portion requires a 10% yield as protocol income, which means effectively paying 1.1 BGT for 1 iBGT;
2️⃣ According to common industry practices for LST token redemption, a tax of less than 0.1% may apply;
Based on the above two points, the strong peg price for iBGT is at 0.999, while the weak peg is around 1.1;
According to the current exchange rate of iBGT, the cost for everyone’s iBGT is greater than 1, even today, the cost of iBGT is around 1.066.
Now, some early advanced group friends have basically laid flat, but there are still quite a few partners planning to surge.
🤔 Let’s review both sides’ logic:
1️⃣ Pro side: It’s already close to 1, with only a 5% premium. As long as the APR increases, the exchange rate will definitely rise! Moreover, the base APR is currently over 100%. Even if the exchange rate doesn’t rise, using cyclical or leverage strategies will break even in about a week!
2️⃣ Con side: Seeing that it's about to reach 1, why rush in to chop off the interest? The new proposal (cutting 33% of BGT’s yield) will be executed on the 21st, and the APR will definitely drop, at which point both the exchange rate and APR will fall!
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
See original
Zhongkuang: 19% APY Stablecoin Strategy!
Hey, after being tormented by Euler for several days, I happened to come across taolige666's post, and it’s time to adjust the strategy!
However, the current yield is higher than when Six Brother posted before, probably because there are still 11 days until maturity?
But it doesn’t matter, the new round of USDe has already opened in Pendle, and I expect new incentives will be launched after maturity, let’s enjoy it first!
📝 Operation Process:
1️⃣ In Ethena, exchange stablecoins for USDe, and cross-chain to BNB Chain, with a wear cost of about 1.2U;
2️⃣ In Pendle, switch to BNB Chain, and use USDe to mint PT-USDe;
3️⃣ In Lista, stake PT-USDe and borrow USD1, and deposit the borrowed USD1 into Solv's USD1 vault;
Finally, by calculating using the current interest rate table, the APY can be calculated as 19.61, yielding $4.91 daily on an investment of $10,000.
Part of the profit comes from the fixed income of PT, and part comes from the floating income of Solv incentives in the Lista vault.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
Hey, after being tormented by Euler for several days, I happened to come across taolige666's post, and it’s time to adjust the strategy!
However, the current yield is higher than when Six Brother posted before, probably because there are still 11 days until maturity?
But it doesn’t matter, the new round of USDe has already opened in Pendle, and I expect new incentives will be launched after maturity, let’s enjoy it first!
📝 Operation Process:
1️⃣ In Ethena, exchange stablecoins for USDe, and cross-chain to BNB Chain, with a wear cost of about 1.2U;
2️⃣ In Pendle, switch to BNB Chain, and use USDe to mint PT-USDe;
3️⃣ In Lista, stake PT-USDe and borrow USD1, and deposit the borrowed USD1 into Solv's USD1 vault;
Finally, by calculating using the current interest rate table, the APY can be calculated as 19.61, yielding $4.91 daily on an investment of $10,000.
Part of the profit comes from the fixed income of PT, and part comes from the floating income of Solv incentives in the Lista vault.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
See original
Euler is the DeFi protocol that requires the most attention, and it is also the DeFi protocol with the highest profit from automatic portfolio rebalancing and pool switching!
See original
The Binance Wallet web version is now live!
However, it is important to note that it is not the familiar browser extension product format, but more like 'On-chain Binance', or perhaps it is more appropriate to call it Binance DEX.
Before using it, you need to confirm your login in the Binance App, which can almost ensure absolute security because having no password is the best password.
In terms of product smoothness and comfort, it is almost identical to the main site.
However, due to its special product format, it will definitely make experienced on-chain users feel uncomfortable, and currently, it can only use the MCP wallet linked to the Binance account, and you cannot import or create wallets.
The current beta version has a bug: you cannot sell BNB.
When selling, it shows WBNB instead of BNB, resulting in no token balance, but when buying, it is correct.
However, it is important to note that it is not the familiar browser extension product format, but more like 'On-chain Binance', or perhaps it is more appropriate to call it Binance DEX.
Before using it, you need to confirm your login in the Binance App, which can almost ensure absolute security because having no password is the best password.
In terms of product smoothness and comfort, it is almost identical to the main site.
However, due to its special product format, it will definitely make experienced on-chain users feel uncomfortable, and currently, it can only use the MCP wallet linked to the Binance account, and you cannot import or create wallets.
The current beta version has a bug: you cannot sell BNB.
When selling, it shows WBNB instead of BNB, resulting in no token balance, but when buying, it is correct.
See original
DeFAI: Wayfinder Experience Sharing
Thanks to Wayfinder for providing the beta testing qualification. Recently, I've spent a lot of time experiencing products that combine AI and DeFi, wanting to reduce the workload of daily mining and operations. Below are my usage impressions and some thoughts.
📝 The current beta version includes:
1️⃣ Cross-chain and trading: Core infrastructure supporting multi-chain operations.
2️⃣ On-chain operation agent: Assists users in simulating and executing on-chain operations through dialogue.
3️⃣ Perpetual trading agent: Supports contract trading, not yet experienced.
4️⃣ Smart contract agent: Supports contract analysis and deployment, with risk monitoring functions.
📝 The current beta version includes:
1️⃣ Cross-chain and trading: Core infrastructure supporting multi-chain operations.
2️⃣ On-chain operation agent: Assists users in simulating and executing on-chain operations through dialogue.
3️⃣ Perpetual trading agent: Supports contract trading, not yet experienced.
4️⃣ Smart contract agent: Supports contract analysis and deployment, with risk monitoring functions.
See original
Note: The strategies from the past two days need to be adjusted due to interest rate reversal!
The previous "Stablecoin 20% APY" and "ETH 10% APY" both need adjustments.
However, the APY can still be maintained at around 20% and 10%, but the core of depositing USDC to borrow USDT0 needs to be changed to depositing USDT0 to borrow USDC.
The ROE in the attached image is very high, but participation is not recommended!
Because Euler's strategy is not a circular loan, but a circular swap.
Swapping will incur losses, and once it evolves into a long position on the collateral asset and a short position on the borrowed asset after circular collateralized lending, it will also lead to losses due to the exchange rate issues between the two assets.
Note: The above is for information sharing only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
The previous "Stablecoin 20% APY" and "ETH 10% APY" both need adjustments.
However, the APY can still be maintained at around 20% and 10%, but the core of depositing USDC to borrow USDT0 needs to be changed to depositing USDT0 to borrow USDC.
The ROE in the attached image is very high, but participation is not recommended!
Because Euler's strategy is not a circular loan, but a circular swap.
Swapping will incur losses, and once it evolves into a long position on the collateral asset and a short position on the borrowed asset after circular collateralized lending, it will also lead to losses due to the exchange rate issues between the two assets.
Note: The above is for information sharing only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Big Mine: Unichain's ETH Yield Opportunity, 10% APY!
This strategy is the ETH version derived from the 'Stablecoin 20% APY' shared the day before yesterday, with the core protocols being Morpho and Euler.
📝 Strategy Logic:
1️⃣ Provide ETH in Morpho and borrow USDC with no interest payments, or even subsidized interest;
2️⃣ In Euler, the APY for depositing USDC is 7.85%, and the APY for borrowing USDT0 is 4.28%;
3️⃣ In Morpho, the APY for depositing USDT0 is 9.38%;
Based on the APY at the time of posting, through the table calculations: investing $10,000 worth of ETH and only borrowing 70% of USDC can achieve an APY of 10%, with daily earnings of $2.69.
Tip: ETH can be directly withdrawn to Unichain through a certain X, and lossless cross-chain USDC can be done via Unichain's official Superbridge.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
This strategy is the ETH version derived from the 'Stablecoin 20% APY' shared the day before yesterday, with the core protocols being Morpho and Euler.
📝 Strategy Logic:
1️⃣ Provide ETH in Morpho and borrow USDC with no interest payments, or even subsidized interest;
2️⃣ In Euler, the APY for depositing USDC is 7.85%, and the APY for borrowing USDT0 is 4.28%;
3️⃣ In Morpho, the APY for depositing USDT0 is 9.38%;
Based on the APY at the time of posting, through the table calculations: investing $10,000 worth of ETH and only borrowing 70% of USDC can achieve an APY of 10%, with daily earnings of $2.69.
Tip: ETH can be directly withdrawn to Unichain through a certain X, and lossless cross-chain USDC can be done via Unichain's official Superbridge.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
See original
Just brushed through the Three Kingdoms, and remembered that Liu Bei developed through credit loans (borrowing Jingzhou), while Sun Ce developed through mortgage loans (borrowing soldiers with the imperial seal).
Both Shu and Wu in the Three Kingdoms made their fortunes through leverage, 🤣
Currently, bank loan interest rates are generally below 3%. While borrowing for cryptocurrency trading might be a bit difficult, earning 20% interest on loans for a year is not a big issue, so the interest spread from this part can be around 17%.
Note: The above is just my random rambling and is not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
Both Shu and Wu in the Three Kingdoms made their fortunes through leverage, 🤣
Currently, bank loan interest rates are generally below 3%. While borrowing for cryptocurrency trading might be a bit difficult, earning 20% interest on loans for a year is not a big issue, so the interest spread from this part can be around 17%.
Note: The above is just my random rambling and is not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
See original
Big Mine: Unichain's ETH Yield Opportunity, 10% APY!
This strategy is the ETH version derived from the 'Stablecoin 20% APY' shared the day before yesterday, with the core protocols being Morpho and Euler.
📝 Strategy Logic:
1️⃣ Provide ETH in Morpho and borrow USDC with no interest payments, or even subsidized interest;
2️⃣ In Euler, the APY for depositing USDC is 7.85%, and the APY for borrowing USDT0 is 4.28%;
3️⃣ In Morpho, the APY for depositing USDT0 is 9.38%;
Based on the APY at the time of posting, through the table calculations: investing $10,000 worth of ETH and only borrowing 70% of USDC can achieve an APY of 10%, with daily earnings of $2.69.
Tip: ETH can be directly withdrawn to Unichain through a certain X, and lossless cross-chain USDC can be done via Unichain's official Superbridge.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
This strategy is the ETH version derived from the 'Stablecoin 20% APY' shared the day before yesterday, with the core protocols being Morpho and Euler.
📝 Strategy Logic:
1️⃣ Provide ETH in Morpho and borrow USDC with no interest payments, or even subsidized interest;
2️⃣ In Euler, the APY for depositing USDC is 7.85%, and the APY for borrowing USDT0 is 4.28%;
3️⃣ In Morpho, the APY for depositing USDT0 is 9.38%;
Based on the APY at the time of posting, through the table calculations: investing $10,000 worth of ETH and only borrowing 70% of USDC can achieve an APY of 10%, with daily earnings of $2.69.
Tip: ETH can be directly withdrawn to Unichain through a certain X, and lossless cross-chain USDC can be done via Unichain's official Superbridge.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
--
Big Mine: Unichain's Stablecoin Yield Opportunities!
📝 The following three protocols:
1️⃣ Providing liquidity for USDC/USDT0 on Uniswap has an APR of 9.85%, of which 8.13% comes from UNI subsidies;
2️⃣ The APY for depositing USDT0 on Morpho is 12.28%, and the APY for depositing USDC is 9.33%;
3️⃣ The APY for depositing USDC on Euler is 9.74%, and the APY for borrowing USDT0 is 2.66%;
If you want to be more relaxed, you can deposit randomly, but the USDT0 borrowed through 3 can be deposited into 2, achieving an APY close to 20%.
Tip: You can withdraw ETH directly to Unichain through a certain X exchange, and the lossless cross-chain of USDC can be done through Unichain's official Superbridge.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
📝 The following three protocols:
1️⃣ Providing liquidity for USDC/USDT0 on Uniswap has an APR of 9.85%, of which 8.13% comes from UNI subsidies;
2️⃣ The APY for depositing USDT0 on Morpho is 12.28%, and the APY for depositing USDC is 9.33%;
3️⃣ The APY for depositing USDC on Euler is 9.74%, and the APY for borrowing USDT0 is 2.66%;
If you want to be more relaxed, you can deposit randomly, but the USDT0 borrowed through 3 can be deposited into 2, achieving an APY close to 20%.
Tip: You can withdraw ETH directly to Unichain through a certain X exchange, and the lossless cross-chain of USDC can be done through Unichain's official Superbridge.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
See original
The overall APY has dropped below 15%～
The APY for USDT single currency deposits has decreased from 12.28% to 8.78%, and the TVL has increased from 5.34M to 9.91M.
Strategy upgrade in progress, aiming to return to above 15%!
The APY for USDT single currency deposits has decreased from 12.28% to 8.78%, and the TVL has increased from 5.34M to 9.91M.
Strategy upgrade in progress, aiming to return to above 15%!
BitHappy
--
Big Mine: Unichain's Stablecoin Yield Opportunities!
📝 The following three protocols:
1️⃣ Providing liquidity for USDC/USDT0 on Uniswap has an APR of 9.85%, of which 8.13% comes from UNI subsidies;
2️⃣ The APY for depositing USDT0 on Morpho is 12.28%, and the APY for depositing USDC is 9.33%;
3️⃣ The APY for depositing USDC on Euler is 9.74%, and the APY for borrowing USDT0 is 2.66%;
If you want to be more relaxed, you can deposit randomly, but the USDT0 borrowed through 3 can be deposited into 2, achieving an APY close to 20%.
Tip: You can withdraw ETH directly to Unichain through a certain X exchange, and the lossless cross-chain of USDC can be done through Unichain's official Superbridge.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
📝 The following three protocols:
1️⃣ Providing liquidity for USDC/USDT0 on Uniswap has an APR of 9.85%, of which 8.13% comes from UNI subsidies;
2️⃣ The APY for depositing USDT0 on Morpho is 12.28%, and the APY for depositing USDC is 9.33%;
3️⃣ The APY for depositing USDC on Euler is 9.74%, and the APY for borrowing USDT0 is 2.66%;
If you want to be more relaxed, you can deposit randomly, but the USDT0 borrowed through 3 can be deposited into 2, achieving an APY close to 20%.
Tip: You can withdraw ETH directly to Unichain through a certain X exchange, and the lossless cross-chain of USDC can be done through Unichain's official Superbridge.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
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