Bitcoin's price has dipped again, and it looks like this level isn't the bottom. Although this bounce has left some traders empty-handed.$USD1
But holding steady and waiting for the next big opportunity is the smartest move in crypto.
After all, many patterns are failing right now, but the four-year cycle theory still holds strong.
For me, my main focus remains on stablecoin-based finance, even though yields are gradually decreasing.
It was over 10% before, and now it's only 6-7%, but it's still pretty good, considering it's stable.
Currently, my stablecoin position is concentrated in USD1, so I've been digging into all the yield channels and returns associated with USD1. You can choose for yourself.
1. Definitely still Binance, and this event should continue even after it ends.
Deadline is June 12, just hold USD1.
Expected annualized yield around 6%.
This is currently the most reliable, safest, and hassle-free channel.
2. Considered an extension of Binance's activities within the Binance Wallet.
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Currently, the yield is around 11.66%, ranking first among all USD1 activities, plus it's partnered with Binance Wallet, so everyone can jump in on this wave.
Note a few things
It's base yield + additional bonus commission, which is how we can achieve such high returns.
Redemption processing takes 3-6 days, so keep an eye on this time lag.
3. This is also an exchange activity, which is somewhat similar to Binance's events.
At Bybit earn, simply hold USD1.
Currently, the annualized yield is around 7%.
Just to extend the thought: since there are cooperative activities with both Binance and Bybit, other exchanges might have something similar too.
Although the reward amount is high, the corresponding holding requirements will definitely be lower, so the yield rate should be pretty high.
I recommend everyone to stay updated.
4. Decentralized Dolo lending.
I mentioned this before; the reason I'm bringing it up today is that the yield rate has increased, nearing 10%, which is still quite attractive in this market.
Plus, the lending limits are sufficient, indicating that returns should remain stable for a while, making it a top choice for those who like on-chain yields.
Participation link: https://app.dolomite.io/earn
5. Third-party on-chain products, this one is pretty impressive, securing $16.25 million in funding, with notable investors like a16z, AMBER, and other top-tier firms.
Focusing on modular lending with Monad chain, USD1, RWAs, etc.
And the yields are decent as well:
Base yield: 4.79%
Additional token yield: currently projected at 26.51%, so everyone can keep an eye on the project's TGE progress.
Participation link: https://app.townsq.xyz/earn/usd1
Just a heads up: use USD1 through the MONAD chain for participation, don’t mix it up.
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In summary:
For users seeking stability and safety, Binance activities and Bybit events are the best options.
For those who like high yields, participation in Binance Wallet activities and DOLO events is a must; returns around 10% are pretty enticing.
If you're into on-chain interactions and airdrop hunting, aiming for big gains with small bets, then you definitely need to join the fifth event.
Can't hold back this wave of freedom, haha!