I've been grinding the USD1 promo on Binance for the past two weeks, and it seems like everyone’s playing differently now.
It used to be that with stablecoin activities, folks had a pretty standard playbook: jump in before the snapshot, cash out as soon as the rewards hit, and barely keep any coins overnight. But this time with USD1, it’s different. A lot of people are not just chasing that APR; they’re getting used to leaving a bit of USD1 in their accounts, especially noticeable around Fridays.
The rules are designed to really set the pace, watching the lowest net holding average from hourly snapshots over the week. If you suddenly move your USD1 or your balance drops, your rewards for the week could take a hit. So, you’ll often see people on X saying, 'Hold up, let’s wait until Friday to make a move.'
I’ve noticed that friends around me, even when their positions are cleared, are still holding onto their USD1. Sometimes, even when they want to swap back to USDT, they end up thinking, 'Nah, let’s just leave it there for now.' Especially after the launch of BTCUSD1 perpetuals, that feeling has become even more pronounced.
Now the market is showing real transactions, with 24h trading volume stabilizing in the millions of USD1 these past couple of days, and open interest is also slowly leveling out, with bullish sentiment on the rise. Many are genuinely starting to use it as a trading base.
With Binance's margin starting at ≥0.01 USD1 and futures offering 1.2x leverage, Byreal making LP and running strategies has become easier, and it seems like keeping USD1 in the account is becoming less of a need to actively move around.
Stablecoins used to be just a temporary parking lot, but now they’re slowly morphing into a default part of cash in the account. This subtle shift is actually quite interesting.
What’s worth pondering isn’t just how lively things are right now, but how many will maintain this habit after the rewards start dwindling. Some cash out their WLFI as soon as Friday hits, some hold out for the next round, and others have developed a habit of leaving some USD1 after each trade, because the ease of opening positions and using collateral is just too convenient.
The paths for these folks might start to diverge more and more.
So I’m not too concerned about whether the APR can go higher; I’m more curious to see how much USD1 people will still have left in their accounts after this weekly drop ends.
Have you felt this way recently? Planning to swap back to USDT but ended up too lazy to move? Haha
#USD1 #WLFI #Binance
It used to be that with stablecoin activities, folks had a pretty standard playbook: jump in before the snapshot, cash out as soon as the rewards hit, and barely keep any coins overnight. But this time with USD1, it’s different. A lot of people are not just chasing that APR; they’re getting used to leaving a bit of USD1 in their accounts, especially noticeable around Fridays.
The rules are designed to really set the pace, watching the lowest net holding average from hourly snapshots over the week. If you suddenly move your USD1 or your balance drops, your rewards for the week could take a hit. So, you’ll often see people on X saying, 'Hold up, let’s wait until Friday to make a move.'
I’ve noticed that friends around me, even when their positions are cleared, are still holding onto their USD1. Sometimes, even when they want to swap back to USDT, they end up thinking, 'Nah, let’s just leave it there for now.' Especially after the launch of BTCUSD1 perpetuals, that feeling has become even more pronounced.
Now the market is showing real transactions, with 24h trading volume stabilizing in the millions of USD1 these past couple of days, and open interest is also slowly leveling out, with bullish sentiment on the rise. Many are genuinely starting to use it as a trading base.
With Binance's margin starting at ≥0.01 USD1 and futures offering 1.2x leverage, Byreal making LP and running strategies has become easier, and it seems like keeping USD1 in the account is becoming less of a need to actively move around.
Stablecoins used to be just a temporary parking lot, but now they’re slowly morphing into a default part of cash in the account. This subtle shift is actually quite interesting.
What’s worth pondering isn’t just how lively things are right now, but how many will maintain this habit after the rewards start dwindling. Some cash out their WLFI as soon as Friday hits, some hold out for the next round, and others have developed a habit of leaving some USD1 after each trade, because the ease of opening positions and using collateral is just too convenient.
The paths for these folks might start to diverge more and more.
So I’m not too concerned about whether the APR can go higher; I’m more curious to see how much USD1 people will still have left in their accounts after this weekly drop ends.
Have you felt this way recently? Planning to swap back to USDT but ended up too lazy to move? Haha
#USD1 #WLFI #Binance