Recently, the square has been filled with articles promoting USDD activities, all for attracting attention, I don't even care about my face.
"What storing USDD means picking up money, what storing 100 USDD means a monthly income of 50u." Pure nonsense, just talking out of their mouths.
Today, Brother Chicken will carefully calculate whether storing USDD is worth it, whether it can bring in over ten thousand a month, and whether one can live a life of easy earnings.
Before calculating the returns, it is important to understand what USDD is.
1. What is USDD?
The stablecoin from Sun.
USDD is a decentralized, over-collateralized stablecoin designed to maintain a 1:1 peg with the US dollar while enhancing stability and transparency. Its goal is to provide security, decentralization, and stability within the crypto ecosystem. USDD can be seamlessly integrated into DeFi platforms, providing reliable and transparent assets that empower users.
2. How to calculate earnings
Because the deposit interest rate fluctuates with the deposit TVL, the following calculation uses the annualized rate as of December 14, which is 13.89%.
Calculation formula: Daily interest = Deposit amount x Annualized interest rate / 356
1. If you deposit 10000usdt, how much can you earn per day?
10000x13.89%/365 = 3.805u
2. If you deposit 100usdt, how much can you earn per day?
100x13.89%/365=0.03805u
You can see that if you deposit 100u, the daily earnings are only 0.04u, which is not enough to cover the Gas costs. Where is the promise of earning 50u daily? If you extend the active deposit time to a full 30 days, you would only earn 1.2u, which is just enough for gas fees.
This USDD token is still issued on the Ethereum mainnet. Thanks to the upgrades of the Ethereum mainnet, Gas fees have significantly decreased. If it were a few years ago, you could have earned back dozens of u.
However, to be fair, since the annualized rate exceeds 12%, it is currently quite high among stablecoin wealth management earnings. If you have ample funds on hand, participating in the activity can yield relatively ideal expected returns.
3. I'm a big player, should I deposit?
(There was an error in the previous version; the participation in the Binance activity should be 220 million, not 5.4M. It seems that the consensus on the Binance Wallet is stronger than the Sun Cut Consensus. However, it is still recommended to run away after the activity ends. For example, USDX was also promoted in the Binance Wallet activity but later ran away; after the activity, the wallet will not be held accountable.)
The widely shared 'Sun Cut Consensus': 'You can listen to Sun Cut, but don't touch Sun Cut's coins.'
Therefore, if you are a big player wanting to deposit money, it is indeed possible to deposit during the USDD activity. Due to the partnership with Binance Wallet, Sun Cut does not dare to run away blatantly, nor does he dare to openly depeg you.
After the activity ends, it may not be the same; everyone will have to accept their fate. After all, Sun Cut once said:
"You want to make money off me, I want to make money off you, so there's no such thing as who cuts whom, it's just a game."
In the end, you are just gambling with your principal against the interest he provides!
\u003cm-55/\u003e \u003ct-57/\u003e