⚠️Binance $USD1 Second Phase WLFI Airdrop Event

😵‍💫 The cycle loan cracking method has failed, here are the details ⬇️

📖 Calculation and Reflection on Earnings Impact

🙏 Huge thanks to two friends from X for sharing the latest information in a timely manner

😢 Previously, many people asked customer service multiple times: For USD1 leveraged accounts, as long as the borrowed USDT (or other stablecoins) are not used to buy USD1, the recognized limit for the USD1 event will not be deducted, so it can be transferred to the Binance wallet to subscribe for USDD or U financial products to enhance earnings

🤡 Today, many people asked customer service multiple times: For USD1 leveraged accounts, as long as USDT (or other stablecoins) are borrowed, regardless of whether USD1 is bought or not, regardless of whether it is transferred out, the recognized limit for the USD1 event will be deducted

🧮 Example: If a leveraged account holds 10000 USD1 and borrows 4000 USDT, whether the 4000 USDT is held, used to buy USD1, or transferred to the Binance wallet to subscribe for USDD or U financial products
⬇️
The recognized limit for the USD1 event is (10000-4000) + 4000*0.3 = 7200

🧠 Earnings comparison, assuming USD1 second phase annualized at 9%, USDD/U financial products annualized at 9.47%, USDT borrowing interest annualized at 3.27%

1⃣️ Non-cycle loan: Daily interest 10000*9%/365=2.46u

2⃣️ Cycle loan: Daily interest 【7200*9%+4000*(9.47%-3.27%)】/365=2.45u

🆚 Fortunately, the expected earnings do not vary too much; if USD1's actual annualized rate is higher in the case of unchanged USDD/U financial earnings, then the non-cycle loan is better; if USD1's actual annualized rate is lower, then the cycle loan is better

📝 Correction Action: Based on the current WLFI coin price, I feel that USD1's annualized rate can still be greater than 9%, but since USD1 snapshots are based on full days, if I redeem USDD to repay now, today will not count for interest. Therefore, I plan to redeem USDD for repayment before 8 a.m. tomorrow

😔 Personal Reflection: I apologize to everyone here; this USD1 cycle loan strategy misled everyone, and I’m truly sorry

🥲 Although I consulted customer service multiple times before posting and received clear responses, and other friends also asked the same question and got the same answer, I didn't expect the final result to still fail. Fortunately, the earnings difference is not significant, and only two days have passed

🧐 In the future, for these controversial issues, even if customer service responds, I will mark it as 【doubtful】. Until real data comes out, I will maintain a cautious and skeptical attitude and not jump to conclusions.