Why did I withdraw Noble's stablecoin early?
The Noble points event ends in 11 days, and in recent days, large amounts of funds have gradually exited. I also withdrew my funds today.
Several influencing factors:
1. Liquidity: Is the short-term liquidity of USDN/USDC sufficient?
2. Airdrop: No clear news of an upcoming airdrop.
3. Interest Rate: The recent yield pool interest rate is about 13%~14%.
*Note: Recently, a large holder encountered issues using Noble Express, with funds stuck and not received for a long time.
Instead of accumulating points and yields in the last few days, I chose to withdraw my investment immediately after upgrading the multiplier in the points pool today.
I plan to reallocate my funds to Ethena Converge, for reasons including:
1. Interest Rate: TG wallet has 20%, TON Space 19%.
2. Airdrop: Ethena points + Converge ecosystem project points (Strata, Ethereal, Terminal).
3. Token Price: $ENA 30 increased by 100% in a short period, simultaneously boosting airdrop value.
In summary, whether for risk avoidance or market environment considerations, Noble's attractiveness is less than that of Ethena Converge, so I decided to redeploy my assets to Ethena.
However, for me, this would overly concentrate my stablecoin holdings in USDe, so I advise everyone to allocate the proportion of each stablecoin based on their risk preference.
----
※ The above content does not constitute investment advice. Users should operate according to their own risk tolerance, DYOR, and participate cautiously in the investment market.
※ Image sourced from Noble
#ethena #ENA #Noble #Airdrops $ATOM $ENA
