BitHappy

24% APR Stablecoin Arbitrage Strategy!

Known Information:

1) Providing AMI in the Meso lending protocol yields 44% APR;

2) Borrowing AMI in the Meso lending protocol incurs a 23.2% APR;

3) Depositing USDC/USDt in Meso yields 7.62%/7.43% interest;

Logical Analysis:

1) The borrowing-lending spread in Meso is 44% - 23.2% = 20.8%;

2) If holding AMI, it can be directly deposited in Meso to enjoy 44% APR. Additionally, by borrowing AMI and then depositing it, the utilization of funds can be maximized, allowing for cyclic operations until borrowing is no longer possible, achieving at least 1.5 times the deposit APR;

3) If there is no AMI, one can first deposit USDC/USDt to earn 7.x% APR, and then repeat the above logic;

Personal Operation: Deposit USDC, borrow AMI, then deposit AMI, ultimately achieving about 23% APR (for testing only);

Caution: Do not engage in the cycle of borrowing USDC/USDt, as there is usually no liquidation risk (didn't sleep well yesterday, mind a bit scattered, may have errors);

Note: The core protocol is @Meso_Finance, and the high deposit interest comes from @Aptos subsidies;
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TVL: $207.73K

DeFi Enthusiast: BitHappy

During the May Day period, the biggest gain comes from Jager!

Currently, all earnings have exceeded 1500U, making it a simple big gain!

Of course, this is inseparable from everyone's enthusiasm for the project.

I assume no one is unaware of Jager, right? If you haven't heard of it, hurry up and grab it!

Airdrop claim link: https://jager.meme/?invitor=0x923C2110dE70CacC4A1c8dE486207F3E41f50327

Now there are only 18 hours left. I chose to claim it in 72 hours, and it rose from 3U to 50U without any tricks in between!

Today, its holding address has started to increase dramatically again.

This could either mean many people have claimed the airdrop, or the whales are doing something. If most people claimed the airdrop, it likely wouldn't be so stable, as retail investors tend to sell off. But today the price is still quite stable, so I guess the whales are in control.

Back to the mechanism, aside from high selling and low buying, it's actually very similar to DeFi, with the core being transaction tax and tax distribution.

Now it's the seventh day of the project, the tax rate is 10%, with 50% of the tax being distributed every ten minutes to wallet addresses holding 146 billion JAGER.

So, this is an opportunity: holding over 146 billion JAGER.

Another opportunity comes from the official 14-day LP mining incentive campaign. However, currently the APR is only 900%+, which may not be as cost-effective as holding the tokens for dividends.

But this opportunity has a huge buff!

After seven days, all remaining unclaimed airdrops will be converted into LP rewards!

Currently, there are still 80.46% of the unclaimed airdrops, equivalent to 80.46% of the current market value in tokens, which will be released linearly over time to users providing LP.

Based on market value, this part of the reward is: 80.46% × 19M ≈ 15M.

And now the LP's TVL is 1.12M, with seven days left to calculate, daily interest = 15M / 7 / 1.12M ≈ 191.32%.

Maintaining this market value, you can break even in half a day, and after seven days you can earn 14 times the return!

If at this time Jager becomes popular again, or even as everyone guesses, gets noticed by An An, then not only can you enjoy a high APR, but you might also experience a surge in coin price, directly making a hundredfold profit!

Since my coins are all from airdrops, I chose to take out 500U, half for LP and half for holding to receive dividends.

You can choose to DYOR and watch, but please make sure to claim the airdrop and witness whether $Jager can truly become a god-tier project!

Binance launches Alpha Points scoring system!

Used to measure the user's activity in the Binance Alpha and Binance Wallet ecosystem, the rules for Alpha airdrops and participating in Wallet TGE are finally transparent!

Points not only reflect the user's participation, but will also directly determine whether the user is eligible to participate in important activities such as Wallet TGE and Alpha token airdrops.

Having specific rules means having specific strategies, which is not necessarily a good thing.

Moreover, the rules are closely related to the amount of funds, which will make it more difficult for retail investors to obtain benefits.
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Alpha Points are calculated at two levels:

1) Daily points: composed of the user's asset balance and the transaction volume of purchasing Alpha tokens.

2) Accumulation mechanism: Alpha Points are the sum of daily points in the past 15 days.

Daily points are specifically composed of the following two items:

1) Balance points: based on the total value of the user's assets in Binance Exchange and Binance Keyless Wallet.

2) Trading volume points: based on the amount of Alpha tokens purchased by users every day.

Balance points are divided into the following levels according to the total value of spot assets and Alpha tokens in the user's account:

1) ≥ $100 and <span point

2) ≥ $1,000 and <span points

3) ≥ $10,000 and <span points

4) ≥ $100,000: 4 points

Trading volume points are calculated based on the amount of Alpha tokens purchased by users every day, using a doubling rule:

1) First $2: 1 point

2) 1 point is added for each doubling thereafter: $4 = 2 points; $8 = 3 points; $16 = 4 points, and so on.

Note:

1) Selling Alpha tokens will not reduce the user's points.

2) Daily Points = Balance Points + Trading Volume Points.

3) Alpha Points = The sum of daily points in the past 15 days.

How to check points:

1) Enter the Binance App

2) Search for Alpha Points on the homepage

The trading volume of the Defi App has significantly increased in the past few days.

I suspect that with the TGE approaching, everyone has noticed the trend, 👀

According to the previously announced information, the DeFi App will conduct its TGE in the second quarter, which is before June. If the data continues to rise during this period, the TGE might start even before June.

Perhaps it's time to catch the last train!

Core Gameplay:

1) Use the DeFi App for deposits and trading to earn points;

2) Joining a top 50 camp grants a 40% point bonus, and inviting friends earns 10% of their points;

3) Posting content related to the DeFi App on X, participating in discussions, and interacting with the official account can all provide opportunities for airdrops. Moreover, the DeFi App has entered the @KaitoAI Pre-TGE arena, and there will also be airdrops for Yappers;

4) Join Discord and get verified;

Points should be the biggest weight for obtaining airdrops; of course, this article is also about Work To Earn;

According to its Chief CX Officer Yueya's post today, the Defi App has achieved stable profitability, with an annual income reaching 7 million USD.

Just this income alone is enough to stand out among many projects.

However, the shortcomings lie in that the planned features have only opened trading/cross-chain trading (no Gas preparation required), while the following features have not yet been launched:

1) Liquidity mining;

2) Margin trading;

3) Lending;

4) AI assistant: providing market insights to help users seize opportunities and complete trades easily;

Nonetheless, since there is already income, even if the product is not fully formed yet, starting the TGE and continuing development remains possible, and perhaps even more motivated?

Regulatory Changes, Security Challenges, and Strategic Expansion | Major Events in the Crypto Market Q1!

TokenInsight's report on 'Cryptocurrency Exchanges' provides a detailed overview of the trading volume in the crypto market during Q1, as well as changes in market share among various exchanges!

The report specifically points out that the Bybit platform experienced the largest hacking attack in history (with losses of approximately $1.5 billion), causing $ETH to drop significantly more than $BTC's 10%-15% decline, reaching 30%-35%.

Market sentiment turned cautious due to uncertainty in U.S. policies after Trump's rise to power and expectations of interest rate hikes from the European Central Bank.

The total market capitalization of cryptocurrencies fell to approximately $2.7 trillion, a decrease of 22.9% compared to Q4.

The total trading volume of the top ten exchanges decreased by 12.54% compared to Q4.

These factors combined seem to indicate that the market has entered a bear phase.

In terms of market share, Binance ranks first with 36.50%; OKX, Bybit, and MEXC rank second, third, and fourth respectively, each with a share of around 13%.

In the spot market, Binance's share reached as high as 43.9%, further increasing to 45% by the end of the quarter; the report did not provide specific data for other exchanges, but the chart shows Bybit in second place.

In the derivatives market, Binance remains in the top position with a share of 30.3%; OKX ranks second with an average share of 13.0%, and data for other exchanges is not detailed.

It is not surprising that Binance remains in the lead.

However, Bitget's market share was lower than expected; I initially thought it would rank third, but in reality, the third and fourth places are occupied by Bybit and MEXC.

Nonetheless, given the severe hacking attack on Bybit, the subsequent impact could be significant, and MEXC may surpass its ranking?

Additionally, Bitget's recent handling of incidents has been disappointing; regardless of whether the incidents should have occurred, its response was far inferior to Bybit's performance when $1.5 billion was stolen.

This also confirms that when choosing an exchange, security and crisis management capabilities are crucial, which is Binance's competitive advantage!

Recently, numerous institutions and companies have released Q1 reports. For instance, Mr. Wu conducted a thorough analysis of the report on Coingecko the day before yesterday.

He also mentioned in the text: 'The ultimate competitive advantage of an exchange is not traffic, nor the pace of listings, but security.'

I hope everyone's funds can be protected and that they receive proper compensation in the event of risks!

You can't get coins from buying nodes on Balance, and you still say it has been opened!!?

And your $EPT has a market cap of 200M, with only 1.4M liquidity!!?

In terms of token economics, coins are mined by nodes, so with so many coins coming from nodes, emptying the pool only gets you this little money!!?

In recent days, I've seen quite a few friends paying attention to the PicWe DeFi project.

I had noticed it during the Movement China tour, but as the market has declined, especially with the drop in Movement's popularity, my enthusiasm has cooled quite a bit.

PicWe seems to have sensed the market sentiment as well, planning to launch cross-chain trading from Movement to EVM at the end of the month.

While reviewing the white paper and documents yesterday, I found that the connection between PicWe and Movement isn't as strong anymore.

That's fine; after all, its slogan is "Reshaping Liquidity Across the Chain." The outside world is vast and boundless, and there's nothing wrong with setting sail.

Although things are quite competitive out there, the DeFi with chain abstraction is still decent and worth looking into.

In the white paper and documents, PicWe's planning is quite comprehensive, which includes:

1️⃣ A full-chain trading model based on chain abstraction

2️⃣ Integrating multi-chain liquidity into a full-chain DLM (Dynamic Liquidity Matrix)

3️⃣ A stablecoin $WEUSD for cross-chain asset settlement

4️⃣ Launchpad, future project token $PIC will also use it for TGE

5️⃣ Staking, farming, and permissionless liquidity pools

Among the plans mentioned above, aside from the functionality in common DEXs, the biggest highlights should be the full-chain trading and full-chain liquidity, as well as the stablecoin.

I estimate that the largest weight for future airdrops will also be on full-chain and stablecoins, meaning that using PicWe for trading and minting stablecoins will yield a higher number of airdrop opportunities.

When EVM trading opens at the end of the month, I will transfer a portion of my on-chain trading to PicWe to try my luck for rewards.

By the way, I’d like to mention a suggestion: the Launchpad and Airdrop pages can only be opened in the documents, and there's no entry on the official website.

After all, the homepage of the official website has already described PicWe's planning. If it is still in a grayscale test, at least clicking should directly redirect to the corresponding document page.

The actual situation is even worse, especially in the step of connecting wallets:

1) Fiat currency can be directly used as Gas and in-game currency for all on-chain operations within the game.

2) Users do not need to download an exchange to deposit funds and purchase Gas tokens.

3) Users do not need to download a third-party wallet app.

GameFi has a built-in wallet that is generated directly through the account and linked to the game account. By connecting to third-party payment methods, the deposited fiat currency is converted into U or game tokens for in-game purchases using exchange rate algorithms, and some fiat currency will be converted into Gas tokens.

However, even with these measures, the game still fails to succeed.

What initially seemed like a high barrier preventing user participation or leading to low conversion rates in user acquisition is actually due to the genuine lack of interest from real players in blockchain games.

To put it bluntly, games are fundamentally meant for entertainment; they need to be fun and immersive, which is fundamentally inconsistent with the nature and purpose of blockchain games.

Of course, one cannot be absolute; if a genuinely fun blockchain game were to emerge, the gaming industry might undergo significant changes. Essentially, it requires good game developers to produce quality content and effectively manage the game economy using blockchain.

For example, games like Fantasy Westward Journey and CSGO can certainly benefit from utilizing NFT technology and tokenization, but there are very few in the entire gaming industry that excel in economics, and those that do have well-established supporting facilities (Fantasy has the Scripture Pavilion, CSGO has the skin market).

It can be said that the token economics that GameFi desires is an ability that the traditional gaming industry severely lacks, which might explain why many gambling-type GameFi projects are quietly developing in the shadows.

This time moving bricks looks like it's going to lose money, but fortunately, I thought of testing it first, so I bought 500U.

Bought $WCT at a price of 0.537, but the withdrawal didn't arrive for more than ten minutes, and the price has already dropped to 0.49.

Arbitrage arbitrage, I ended up profiting myself, 🤣