Showmeyourmoves
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The exchange rate of iBGT and BERA has dropped to 1.066, can it surge?
A couple of days ago, the exchange rate was around 1.16, and it has fallen by 10% in the past two days, getting very close to 1. It is now at a critical point between surging or not.
Let’s clarify the relationship between iBGT and BERA. According to Berachain's design, BGT can be redeemed for BERA at a 1:1 ratio, while iBGT is the LST version of BGT. However, everyone’s BGT is currently held by Infrared, so theoretically, iBGT can open a 1:1 redemption channel.
📖 But there are two points to note:
1️⃣ Currently, the channels to acquire iBGT are through liquidity exchange and receiving rewards through mining, where the reward portion requires a 10% yield as protocol income, which means effectively paying 1.1 BGT for 1 iBGT;
2️⃣ According to common industry practices for LST token redemption, a tax of less than 0.1% may apply;
Based on the above two points, the strong peg price for iBGT is at 0.999, while the weak peg is around 1.1;
According to the current exchange rate of iBGT, the cost for everyone’s iBGT is greater than 1, even today, the cost of iBGT is around 1.066.
Now, some early advanced group friends have basically laid flat, but there are still quite a few partners planning to surge.
🤔 Let’s review both sides’ logic:
1️⃣ Pro side: It’s already close to 1, with only a 5% premium. As long as the APR increases, the exchange rate will definitely rise! Moreover, the base APR is currently over 100%. Even if the exchange rate doesn’t rise, using cyclical or leverage strategies will break even in about a week!
2️⃣ Con side: Seeing that it's about to reach 1, why rush in to chop off the interest? The new proposal (cutting 33% of BGT’s yield) will be executed on the 21st, and the APR will definitely drop, at which point both the exchange rate and APR will fall!
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
A couple of days ago, the exchange rate was around 1.16, and it has fallen by 10% in the past two days, getting very close to 1. It is now at a critical point between surging or not.
Let’s clarify the relationship between iBGT and BERA. According to Berachain's design, BGT can be redeemed for BERA at a 1:1 ratio, while iBGT is the LST version of BGT. However, everyone’s BGT is currently held by Infrared, so theoretically, iBGT can open a 1:1 redemption channel.
📖 But there are two points to note:
1️⃣ Currently, the channels to acquire iBGT are through liquidity exchange and receiving rewards through mining, where the reward portion requires a 10% yield as protocol income, which means effectively paying 1.1 BGT for 1 iBGT;
2️⃣ According to common industry practices for LST token redemption, a tax of less than 0.1% may apply;
Based on the above two points, the strong peg price for iBGT is at 0.999, while the weak peg is around 1.1;
According to the current exchange rate of iBGT, the cost for everyone’s iBGT is greater than 1, even today, the cost of iBGT is around 1.066.
Now, some early advanced group friends have basically laid flat, but there are still quite a few partners planning to surge.
🤔 Let’s review both sides’ logic:
1️⃣ Pro side: It’s already close to 1, with only a 5% premium. As long as the APR increases, the exchange rate will definitely rise! Moreover, the base APR is currently over 100%. Even if the exchange rate doesn’t rise, using cyclical or leverage strategies will break even in about a week!
2️⃣ Con side: Seeing that it's about to reach 1, why rush in to chop off the interest? The new proposal (cutting 33% of BGT’s yield) will be executed on the 21st, and the APR will definitely drop, at which point both the exchange rate and APR will fall!
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
15 Jul
The incentives for BGT-related tokens are about to decrease by 33%!
In the past two days, the market has been doing well; while other altcoins rise by ten points, it only rises by two points before starting to decline. Last night, it suddenly surged by 10 points, and within 5 minutes, it started declining again.
Just now, iBGT was affected by the proposal, and its exchange rate with BERA dropped by more than 4 points again!
At this point!
Community members who bought iBGT a while ago have already chosen to lay flat.
I can only be grateful that during the previous two large-scale discussions among group friends, when there was some FOMO, I didn't invest heavily!
The biggest pitfall record for the community members: https://www.binance.com/zh-CN/square/post/25557289479281
In the past two days, the market has been doing well; while other altcoins rise by ten points, it only rises by two points before starting to decline. Last night, it suddenly surged by 10 points, and within 5 minutes, it started declining again.
Just now, iBGT was affected by the proposal, and its exchange rate with BERA dropped by more than 4 points again!
At this point!
Community members who bought iBGT a while ago have already chosen to lay flat.
I can only be grateful that during the previous two large-scale discussions among group friends, when there was some FOMO, I didn't invest heavily!
The biggest pitfall record for the community members: https://www.binance.com/zh-CN/square/post/25557289479281
See original
7.17｜Yesterday's discussion in the community about 'good mines'
The main mines Hyperion and Yala have taken snapshots in recent days, and everyone has been anxious about idle assets, asking many times in a day if there are any good mines, 🤣
1️⃣ Takara stablecoin single currency deposit has 16%;
2️⃣ Nemo's stablecoin and SUI's APR are also around 20%;
3️⃣ Although Terminal's LP APR in Pendle is very low, the TVL has been steadily increasing in recent days. Friends obtained answers through 'V Lao's' calculations, and can break even based solely on ENA's current price;
4️⃣ Bitget wallet has a 50% APR/Y stablecoin activity, with a limit of 1000U;
5️⃣ Although Hyperion has already airdropped, the APR has not decreased much, and stablecoin LP can achieve around 15% APR. The token economics will be announced, and there will still be subsidies in the second quarter;
6️⃣ YU has taken a snapshot, but currently does not calculate points and still has an APR of around 12%;
7️⃣ MMT is increasing positions, looking forward to a big result in August/September;
Mines are mainly distributed on APT SUI SEI.
Note: The above is for information sharing only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
The main mines Hyperion and Yala have taken snapshots in recent days, and everyone has been anxious about idle assets, asking many times in a day if there are any good mines, 🤣
1️⃣ Takara stablecoin single currency deposit has 16%;
2️⃣ Nemo's stablecoin and SUI's APR are also around 20%;
3️⃣ Although Terminal's LP APR in Pendle is very low, the TVL has been steadily increasing in recent days. Friends obtained answers through 'V Lao's' calculations, and can break even based solely on ENA's current price;
4️⃣ Bitget wallet has a 50% APR/Y stablecoin activity, with a limit of 1000U;
5️⃣ Although Hyperion has already airdropped, the APR has not decreased much, and stablecoin LP can achieve around 15% APR. The token economics will be announced, and there will still be subsidies in the second quarter;
6️⃣ YU has taken a snapshot, but currently does not calculate points and still has an APR of around 12%;
7️⃣ MMT is increasing positions, looking forward to a big result in August/September;
Mines are mainly distributed on APT SUI SEI.
Note: The above is for information sharing only and not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
2 Jul
It's that time of the month again: What to play!
Many projects were expected to yield results in June, but many have been delayed, so it can't be called a bountiful harvest.
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
See original
Hyperion Phase Victory Achieved!
Congratulations to the friends who have been riding together for over two months, the APR for stablecoin mining is at least 35%!
For those earning points, the profit should be between 20%-30%, and if the xBTC earned later, the net profit should be between 80% - 100%!
Hope Aptos and Hyperion continue to work hard to revitalize Aptos's DeFi ecosystem!
Thanks to Hypeiron's Da Mao, and thank you Aptos for the subsidies!
Congratulations to the friends who have been riding together for over two months, the APR for stablecoin mining is at least 35%!
For those earning points, the profit should be between 20%-30%, and if the xBTC earned later, the net profit should be between 80% - 100%!
Hope Aptos and Hyperion continue to work hard to revitalize Aptos's DeFi ecosystem!
Thanks to Hypeiron's Da Mao, and thank you Aptos for the subsidies!
BitHappy
15 Jul
What will Hyperion's FDV be? What other expectations does it have?
Previously, the highest cost of earning points through trading was estimated to have an FDV of around 110 million.
However, based on the actual ratio of my Drips points to ROIN tokens at 72:1, even at the highest point cost, as long as the FDV is above 0.72 billion, everyone who earns points through trading can make a profit.
So, as a DEX, how many friends are just grinding points for points?
From a cost perspective, at least the points for DeFi players are given for free, and even pure points enthusiasts can reduce their point costs to half during the subsequent xBTC double points event.
However, based on the actual ratio of my Drips points to ROIN tokens at 72:1, even at the highest point cost, as long as the FDV is above 0.72 billion, everyone who earns points through trading can make a profit.
So, as a DEX, how many friends are just grinding points for points?
From a cost perspective, at least the points for DeFi players are given for free, and even pure points enthusiasts can reduce their point costs to half during the subsequent xBTC double points event.
See original
Meh, can you make money just by announcing that the project has completed the airdrop snapshot?
Here's the thing: yesterday, before the official announcement, the Yala airdrop query portal was already open on the official website, and it briefly went offline in between.
Fortunately, I discovered it relatively early and mentioned it in the community.
Meanwhile, Yala's stablecoin YU has been listed on Pendle.
Due to Pendle's design, one PT + one YT = one complete YU, that is: 1PT-YU + 1YT-YU = 1YU.
Announcing an airdrop usually indicates bearish expectations for future returns, so many friends sold YT, causing YT to drop.
Therefore, a drop in YT means an increase in PT.
Congratulations to those who didn’t go out to eat yesterday; you made some extra cash! 😭
Note: The above is for informational sharing only and is not investment advice; please conduct your own research!
DeFi Enthusiast: BitHappy
Here's the thing: yesterday, before the official announcement, the Yala airdrop query portal was already open on the official website, and it briefly went offline in between.
Fortunately, I discovered it relatively early and mentioned it in the community.
Meanwhile, Yala's stablecoin YU has been listed on Pendle.
Due to Pendle's design, one PT + one YT = one complete YU, that is: 1PT-YU + 1YT-YU = 1YU.
Announcing an airdrop usually indicates bearish expectations for future returns, so many friends sold YT, causing YT to drop.
Therefore, a drop in YT means an increase in PT.
Congratulations to those who didn’t go out to eat yesterday; you made some extra cash! 😭
Note: The above is for informational sharing only and is not investment advice; please conduct your own research!
DeFi Enthusiast: BitHappy
BitHappy
28 Apr
Bullish
A picture is worth a thousand words!
The illustration vividly explains how Pendle operates, how to make money using Pendle, and what the logic is behind it.
It is clear that it involves speculating on interest rate fluctuations, and it aligns very well with trading logic!
In the future, both CEX and DEX will undoubtedly have a new segment focused on interest rates. With Pendle's current position as the absolute leader in the Web3 interest rate derivatives space, Pendle will certainly have a place in the future!
Moreover, the interest rate derivatives space in traditional finance is already very mature.
When I last thought that interest rate trading would lead to new exchange products, I was unaware that Pendle had already planned to launch a product similar to a DEX: Boros.
Once developed, leveraging Pendle's existing advantages will surely make it a top-tier product.
However, what I look forward to more is that in the future, the PT/YT tokens split from Pendle can go live directly on CEX, bridging on-chain and off-chain, creating a new TradFi combining DeFi + CeFi + DEX + CEX.
Unlike the hedging mining or stablecoin mining strategies adopted during this period, I have shifted many DeFi positions to $PENDLE; I bet it can succeed!
______________________
The core goal of Pendle is to achieve principal and interest separation, packaging income-generating assets into SY tokens, thereby standardizing these income-bearing tokens.
Then, SY tokens can be split into two parts: principal tokens (PT) and yield tokens (YT). Through Pendle's Automated Market Maker (AMM) mechanism, users can easily trade these tokens and engage in interest rate speculation.
Principal tokens (PT) act as a stable investment tool, helping users withstand market fluctuations and lock in fixed returns.
The price of PT tokens is usually lower than that of the original asset, and this price difference represents the fixed income that users can obtain. Users purchasing PT tokens are typically those who are cautious about future returns and wish to lock in the current yield rate.
Yield tokens (YT) are a leveraged tool full of opportunities and risks.
Users do not need to invest large sums of money to purchase complete income-generating assets; by simply holding YT, they can enjoy the rights to the income generated by the principal.
The illustration vividly explains how Pendle operates, how to make money using Pendle, and what the logic is behind it.
It is clear that it involves speculating on interest rate fluctuations, and it aligns very well with trading logic!
In the future, both CEX and DEX will undoubtedly have a new segment focused on interest rates. With Pendle's current position as the absolute leader in the Web3 interest rate derivatives space, Pendle will certainly have a place in the future!
Moreover, the interest rate derivatives space in traditional finance is already very mature.
When I last thought that interest rate trading would lead to new exchange products, I was unaware that Pendle had already planned to launch a product similar to a DEX: Boros.
Once developed, leveraging Pendle's existing advantages will surely make it a top-tier product.
However, what I look forward to more is that in the future, the PT/YT tokens split from Pendle can go live directly on CEX, bridging on-chain and off-chain, creating a new TradFi combining DeFi + CeFi + DEX + CEX.
Unlike the hedging mining or stablecoin mining strategies adopted during this period, I have shifted many DeFi positions to $PENDLE; I bet it can succeed!
______________________
The core goal of Pendle is to achieve principal and interest separation, packaging income-generating assets into SY tokens, thereby standardizing these income-bearing tokens.
Then, SY tokens can be split into two parts: principal tokens (PT) and yield tokens (YT). Through Pendle's Automated Market Maker (AMM) mechanism, users can easily trade these tokens and engage in interest rate speculation.
Principal tokens (PT) act as a stable investment tool, helping users withstand market fluctuations and lock in fixed returns.
The price of PT tokens is usually lower than that of the original asset, and this price difference represents the fixed income that users can obtain. Users purchasing PT tokens are typically those who are cautious about future returns and wish to lock in the current yield rate.
Yield tokens (YT) are a leveraged tool full of opportunities and risks.
Users do not need to invest large sums of money to purchase complete income-generating assets; by simply holding YT, they can enjoy the rights to the income generated by the principal.
See original
Yala opened airdrop inquiries yesterday～
To be honest, I knew it was coming soon, but I didn't expect it to be that fast, so fast that my account on Sunday didn't even have a snapshot (snapshot time 7.8).
The first post was on June 28, which means that the time for fans and community members to get in was only 10 days, and according to the snapshot rules, many of my friends complained.
📖 The general rules can be summarized in three points:
1️⃣ Participation guarantees a basic benefit;
2️⃣ If the score is below 1M, the airdrop consists of a fixed number of tokens, and the investment return ratio is far lower than the basic benefit;
3️⃣ Only if the score exceeds 1M will the airdrop be divided proportionally;
Such rules have led to many partners who only meet condition 2 to express their dissatisfaction during this period.
Based on the time when Yala became widely known, those with funds between $2,000 and $20,000 basically belong to condition 2, they have airdrops but not the best results.
📈 This approach can be described positively:
1️⃣ It protects the project's rights while rewarding all partners involved in ecological construction and provides sufficient returns for large holders.
2️⃣ Even in condition 2, if small funds participate early enough, they can advance to condition 3.
Overall, this time, the mid-sized holders from June 28 to July 15 were sacrificed to ensure the rights of small and large holders.
📉 But what is the reality? Are there any insider deals among conditions 1 and 2? Perhaps only the project team knows.
After all, the airdrop is inherently reliant on luck and collaboration with the market.
Most of my accounts fall under condition 2, and I haven't gained much from the airdrop, but fortunately, I, as a DeFi farmer, mainly focus on APR (I can only comfort myself this way).
Note: The above is only for information sharing and not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
To be honest, I knew it was coming soon, but I didn't expect it to be that fast, so fast that my account on Sunday didn't even have a snapshot (snapshot time 7.8).
The first post was on June 28, which means that the time for fans and community members to get in was only 10 days, and according to the snapshot rules, many of my friends complained.
📖 The general rules can be summarized in three points:
1️⃣ Participation guarantees a basic benefit;
2️⃣ If the score is below 1M, the airdrop consists of a fixed number of tokens, and the investment return ratio is far lower than the basic benefit;
3️⃣ Only if the score exceeds 1M will the airdrop be divided proportionally;
Such rules have led to many partners who only meet condition 2 to express their dissatisfaction during this period.
Based on the time when Yala became widely known, those with funds between $2,000 and $20,000 basically belong to condition 2, they have airdrops but not the best results.
📈 This approach can be described positively:
1️⃣ It protects the project's rights while rewarding all partners involved in ecological construction and provides sufficient returns for large holders.
2️⃣ Even in condition 2, if small funds participate early enough, they can advance to condition 3.
Overall, this time, the mid-sized holders from June 28 to July 15 were sacrificed to ensure the rights of small and large holders.
📉 But what is the reality? Are there any insider deals among conditions 1 and 2? Perhaps only the project team knows.
After all, the airdrop is inherently reliant on luck and collaboration with the market.
Most of my accounts fall under condition 2, and I haven't gained much from the airdrop, but fortunately, I, as a DeFi farmer, mainly focus on APR (I can only comfort myself this way).
Note: The above is only for information sharing and not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
2 Jul
It's that time of the month again: What to play!
Many projects were expected to yield results in June, but many have been delayed, so it can't be called a bountiful harvest.
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
See original
The incentives for BGT-related tokens are about to decrease by 33%!
In the past two days, the market has been doing well; while other altcoins rise by ten points, it only rises by two points before starting to decline. Last night, it suddenly surged by 10 points, and within 5 minutes, it started declining again.
Just now, iBGT was affected by the proposal, and its exchange rate with BERA dropped by more than 4 points again!
At this point!
Community members who bought iBGT a while ago have already chosen to lay flat.
I can only be grateful that during the previous two large-scale discussions among group friends, when there was some FOMO, I didn't invest heavily!
The biggest pitfall record for the community members: https://www.binance.com/zh-CN/square/post/25557289479281
In the past two days, the market has been doing well; while other altcoins rise by ten points, it only rises by two points before starting to decline. Last night, it suddenly surged by 10 points, and within 5 minutes, it started declining again.
Just now, iBGT was affected by the proposal, and its exchange rate with BERA dropped by more than 4 points again!
At this point!
Community members who bought iBGT a while ago have already chosen to lay flat.
I can only be grateful that during the previous two large-scale discussions among group friends, when there was some FOMO, I didn't invest heavily!
The biggest pitfall record for the community members: https://www.binance.com/zh-CN/square/post/25557289479281
BitHappy
9 Jul
Still believe in Berachain? Still mining for risks?
Regardless, the community still loves BERA, and discussions come up every few days.
Recently, the community has probably bought hundreds of thousands of dollars worth of iBGT and is strongly persuading me to exchange iBERA for iBGT.
➤ Simple Calculation
1. A few days ago, the hedging rate for buying iBERA was 0.955, now it's 0.995, yielding a profit of about 4%;
2. Currently, the exchange rate of iBGT to BERA is 1.13, with a premium of 13%;
3. If iBGT opens BERA redemption, the ratio should be between 1 - 1.05;
4. The corresponding premium minus profit differs between 4% - 9%;
5. The average APR for iBGT is around 100%, if it really drops to a point with no premium, the break-even time would be 15 - 33 days;
So, it equates to a potential haircut period of 15 - 33 days, but iBGT may also stabilize in price, along with APR and rewards.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
Regardless, the community still loves BERA, and discussions come up every few days.
Recently, the community has probably bought hundreds of thousands of dollars worth of iBGT and is strongly persuading me to exchange iBERA for iBGT.
➤ Simple Calculation
1. A few days ago, the hedging rate for buying iBERA was 0.955, now it's 0.995, yielding a profit of about 4%;
2. Currently, the exchange rate of iBGT to BERA is 1.13, with a premium of 13%;
3. If iBGT opens BERA redemption, the ratio should be between 1 - 1.05;
4. The corresponding premium minus profit differs between 4% - 9%;
5. The average APR for iBGT is around 100%, if it really drops to a point with no premium, the break-even time would be 15 - 33 days;
So, it equates to a potential haircut period of 15 - 33 days, but iBGT may also stabilize in price, along with APR and rewards.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
See original
What will Hyperion's FDV be? What other expectations does it have?
Previously, the highest cost of earning points through trading was estimated to have an FDV of around 110 million.
However, based on the actual ratio of my Drips points to ROIN tokens at 72:1, even at the highest point cost, as long as the FDV is above 0.72 billion, everyone who earns points through trading can make a profit.
So, as a DEX, how many friends are just grinding points for points?
From a cost perspective, at least the points for DeFi players are given for free, and even pure points enthusiasts can reduce their point costs to half during the subsequent xBTC double points event.
However, based on the actual ratio of my Drips points to ROIN tokens at 72:1, even at the highest point cost, as long as the FDV is above 0.72 billion, everyone who earns points through trading can make a profit.
So, as a DEX, how many friends are just grinding points for points?
From a cost perspective, at least the points for DeFi players are given for free, and even pure points enthusiasts can reduce their point costs to half during the subsequent xBTC double points event.
See original
Yala's APR on Pendle and its derivative protocols has risen to around 20%!
Compared to last week's APR, it has nearly doubled!
I initially guessed that the Yala team bribed with cash capability on Pendle to boost the APR.
I asked the Pendle and EQB OG in the community, and they said it might be because last week's Pendle voting was chaotic, which allowed Yala to win by default.
Maybe both reasons are valid.
But, regardless, the current APR related to Pendle is more attractive than RateX.
If transferring positions from RateX, one must worry that next week's Pendle voting might lead to reduced Yala earnings (OG predicts that next week's voting will not be chaotic).
However, today is quite suitable for rebalancing, as Ethereum's gas fees are relatively low over the weekend.
On a side note, Yala's TVL surged from 150M to 200M a few days ago, and there will be a new Genesis NFT tomorrow, so the remaining time window might really be limited.
Additionally, the PT portion in Pendle LP cannot enjoy rewards. According to the current composition of the LP, PT accounts for about 30%, so the actual rewards available would be only 6 times 70%, which is approximately 4.2 times.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
Compared to last week's APR, it has nearly doubled!
I initially guessed that the Yala team bribed with cash capability on Pendle to boost the APR.
I asked the Pendle and EQB OG in the community, and they said it might be because last week's Pendle voting was chaotic, which allowed Yala to win by default.
Maybe both reasons are valid.
But, regardless, the current APR related to Pendle is more attractive than RateX.
If transferring positions from RateX, one must worry that next week's Pendle voting might lead to reduced Yala earnings (OG predicts that next week's voting will not be chaotic).
However, today is quite suitable for rebalancing, as Ethereum's gas fees are relatively low over the weekend.
On a side note, Yala's TVL surged from 150M to 200M a few days ago, and there will be a new Genesis NFT tomorrow, so the remaining time window might really be limited.
Additionally, the PT portion in Pendle LP cannot enjoy rewards. According to the current composition of the LP, PT accounts for about 30%, so the actual rewards available would be only 6 times 70%, which is approximately 4.2 times.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
12 Jul
Yala free delivery Genesis NFT? U Card?
No, I think it’s more like 'a key to a good mine'!
The use case of this Genesis NFT from Yala revolves around earning and U Card.
The U Card addresses the issue of native crypto payments, while earning is at the core of Yala’s business.
A few days ago, during Yala's Lite mode with a fixed 12% APR limit, many friends were unable to grab a quota.
In the future, when similar good mines reopen, the Genesis NFT can definitely act as a key to the mine. For example, granting priority mining rights or additional interest, such special benefits truly befit the name Genesis!
Therefore, getting on the whitelist is definitely worth striving for. If you don’t have the whitelist, you can also keep an eye on next Monday's free mint, which has 1200 slots available.
Additionally, will there be extra airdrop weights for this?
Moreover, its TVL has suddenly surged in the past two days, now reaching 211M. The anticipated two-month TGE may very well be brought forward.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
No, I think it’s more like 'a key to a good mine'!
The use case of this Genesis NFT from Yala revolves around earning and U Card.
The U Card addresses the issue of native crypto payments, while earning is at the core of Yala’s business.
A few days ago, during Yala's Lite mode with a fixed 12% APR limit, many friends were unable to grab a quota.
In the future, when similar good mines reopen, the Genesis NFT can definitely act as a key to the mine. For example, granting priority mining rights or additional interest, such special benefits truly befit the name Genesis!
Therefore, getting on the whitelist is definitely worth striving for. If you don’t have the whitelist, you can also keep an eye on next Monday's free mint, which has 1200 slots available.
Additionally, will there be extra airdrop weights for this?
Moreover, its TVL has suddenly surged in the past two days, now reaching 211M. The anticipated two-month TGE may very well be brought forward.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
See original
I have been seeing different friends' wallets being stolen these past few days, it's scary!
A: Accidentally sent the private key in the group;
B: Accidentally uploaded the private key/seed phrase to GitHub;
C: Don't know why the assets in the wallet disappeared;
D: Imported a private key wallet a long time ago, and today the money is gone;
These situations are almost certainly not due to authorization leading to theft; it's highly likely that the private key or seed phrase was leaked.
➤ Reviewing my actions:
1. When copying the private key, unless the wallet forces me to copy all (some wallets must copy everything, otherwise I can only type it out), I will only copy part of it, and type the other part;
2. When copying the seed phrase, I almost always type it out by hand, never copy it;
3. In the code, I don't use unfamiliar code libraries; for contract interactions, I only use etherjs and the official Aptos library, along with the HTTP request library axios and the network proxy library https-proxy-agent;
4. On my devices, I completely separate encryption and daily use devices; two iPhones, two Macs; the Mac related to encryption has no third-party software aside from the browser and wallet plugins, including input methods; the iPhone is basically similar, and I strictly check software permissions, especially paste permissions.
These are the measures I can take, but I am still very worried about being stolen. Does anyone have any other suggestions?
A: Accidentally sent the private key in the group;
B: Accidentally uploaded the private key/seed phrase to GitHub;
C: Don't know why the assets in the wallet disappeared;
D: Imported a private key wallet a long time ago, and today the money is gone;
These situations are almost certainly not due to authorization leading to theft; it's highly likely that the private key or seed phrase was leaked.
➤ Reviewing my actions:
1. When copying the private key, unless the wallet forces me to copy all (some wallets must copy everything, otherwise I can only type it out), I will only copy part of it, and type the other part;
2. When copying the seed phrase, I almost always type it out by hand, never copy it;
3. In the code, I don't use unfamiliar code libraries; for contract interactions, I only use etherjs and the official Aptos library, along with the HTTP request library axios and the network proxy library https-proxy-agent;
4. On my devices, I completely separate encryption and daily use devices; two iPhones, two Macs; the Mac related to encryption has no third-party software aside from the browser and wallet plugins, including input methods; the iPhone is basically similar, and I strictly check software permissions, especially paste permissions.
These are the measures I can take, but I am still very worried about being stolen. Does anyone have any other suggestions?
See original
Yala free delivery Genesis NFT? U Card?
No, I think it’s more like 'a key to a good mine'!
The use case of this Genesis NFT from Yala revolves around earning and U Card.
The U Card addresses the issue of native crypto payments, while earning is at the core of Yala’s business.
A few days ago, during Yala's Lite mode with a fixed 12% APR limit, many friends were unable to grab a quota.
In the future, when similar good mines reopen, the Genesis NFT can definitely act as a key to the mine. For example, granting priority mining rights or additional interest, such special benefits truly befit the name Genesis!
Therefore, getting on the whitelist is definitely worth striving for. If you don’t have the whitelist, you can also keep an eye on next Monday's free mint, which has 1200 slots available.
Additionally, will there be extra airdrop weights for this?
Moreover, its TVL has suddenly surged in the past two days, now reaching 211M. The anticipated two-month TGE may very well be brought forward.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
No, I think it’s more like 'a key to a good mine'!
The use case of this Genesis NFT from Yala revolves around earning and U Card.
The U Card addresses the issue of native crypto payments, while earning is at the core of Yala’s business.
A few days ago, during Yala's Lite mode with a fixed 12% APR limit, many friends were unable to grab a quota.
In the future, when similar good mines reopen, the Genesis NFT can definitely act as a key to the mine. For example, granting priority mining rights or additional interest, such special benefits truly befit the name Genesis!
Therefore, getting on the whitelist is definitely worth striving for. If you don’t have the whitelist, you can also keep an eye on next Monday's free mint, which has 1200 slots available.
Additionally, will there be extra airdrop weights for this?
Moreover, its TVL has suddenly surged in the past two days, now reaching 211M. The anticipated two-month TGE may very well be brought forward.
Note: The above is for information sharing only, not investment advice. Please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
8 Jul
A few questions about Yala:
1️⃣ Yesterday, the $1 million quota for Lite sold out in 1 minute, the gas fees were not high, but many friends still couldn't get in.
2️⃣ Aside from Lite, the returns are more comfortable on Solana, followed by Ethereum's EQB, and then Ethereum's Stability Pool.
3️⃣ Due to point 2, many friends have put YU into Solana to earn interest, but currently, the Berries points on the Solana official website cannot be displayed. Are they not being counted?
4️⃣ The answer from multiple parties: The Berries points on the Solana chain are being counted in the project backend, and efforts are being made to display them in real-time.
5️⃣ However, the team function on the Solana chain will only be launched after the TGE.
On the surface, earning interest on Solana will result in a loss of at least 8% of the Mint invitation rewards, but friends who exchange USDC for YU originally did not have invitation incentives, so for this group of friends, it is costless.
But the bigger concern is: The Berries points on Solana may not be redeemable for airdrops at the time of TGE.
1️⃣ Yesterday, the $1 million quota for Lite sold out in 1 minute, the gas fees were not high, but many friends still couldn't get in.
2️⃣ Aside from Lite, the returns are more comfortable on Solana, followed by Ethereum's EQB, and then Ethereum's Stability Pool.
3️⃣ Due to point 2, many friends have put YU into Solana to earn interest, but currently, the Berries points on the Solana official website cannot be displayed. Are they not being counted?
4️⃣ The answer from multiple parties: The Berries points on the Solana chain are being counted in the project backend, and efforts are being made to display them in real-time.
5️⃣ However, the team function on the Solana chain will only be launched after the TGE.
On the surface, earning interest on Solana will result in a loss of at least 8% of the Mint invitation rewards, but friends who exchange USDC for YU originally did not have invitation incentives, so for this group of friends, it is costless.
But the bigger concern is: The Berries points on Solana may not be redeemable for airdrops at the time of TGE.
See original
Small Mine: Stablecoin with APR over 190%?
Recently, community members have been discussing this in the group, and I just took another look at this coin and did some research.
The APR mainly comes from Hyperion's subsidies, and USDA is a new protocol launched by Auro. Currently, the TVL is 1.9M, and relevant financing and background information cannot be found.
Its minting method is not new; it involves collateralizing APT or LST APT assets and then borrowing to mint.
What piqued my interest was, on the one hand, the APR, and on the other hand, the simple and memorable name USDA.
The stablecoin that I am most familiar with, minted in a similar way, is lisUSD, but it is not as eye-catching. Lista has to take the main responsibility for not naming it well; if it were called USDB, it would be much better (originally Binance's stablecoin was called BUSD), hahaha.
However, the stablecoin minted by Lista can also use non-public chain native tokens. If it could only use BNB or LST/LRT BNB or wrapped BNB to mint stablecoins, combined with financing from public chain backgrounds, it should perform better.
Using public chain native tokens for collateralized borrowing to mint stablecoins can also serve as another way to lock and increase the public chain's TVL, and stablecoins are already a big trend.
I estimate that in the future, all public chains will have their own supported stablecoins that can only be minted by collateralizing the native tokens of the public chain.
Note: The above is for information sharing only, not investment advice. Please do your research!
DeFi Enthusiast: BitHappy
Recently, community members have been discussing this in the group, and I just took another look at this coin and did some research.
The APR mainly comes from Hyperion's subsidies, and USDA is a new protocol launched by Auro. Currently, the TVL is 1.9M, and relevant financing and background information cannot be found.
Its minting method is not new; it involves collateralizing APT or LST APT assets and then borrowing to mint.
What piqued my interest was, on the one hand, the APR, and on the other hand, the simple and memorable name USDA.
The stablecoin that I am most familiar with, minted in a similar way, is lisUSD, but it is not as eye-catching. Lista has to take the main responsibility for not naming it well; if it were called USDB, it would be much better (originally Binance's stablecoin was called BUSD), hahaha.
However, the stablecoin minted by Lista can also use non-public chain native tokens. If it could only use BNB or LST/LRT BNB or wrapped BNB to mint stablecoins, combined with financing from public chain backgrounds, it should perform better.
Using public chain native tokens for collateralized borrowing to mint stablecoins can also serve as another way to lock and increase the public chain's TVL, and stablecoins are already a big trend.
I estimate that in the future, all public chains will have their own supported stablecoins that can only be minted by collateralizing the native tokens of the public chain.
Note: The above is for information sharing only, not investment advice. Please do your research!
DeFi Enthusiast: BitHappy
BitHappy
2 Jul
It's that time of the month again: What to play!
Many projects were expected to yield results in June, but many have been delayed, so it can't be called a bountiful harvest.
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
See original
The group is bustling this morning, and no one in DeFi speaks a word.
I say to invest in altcoins, with no hope of breaking even and only a slight profit.
The young folks are chatting enthusiastically, while the crypto circle laments that they have yet to win.
Some have doubled but still lose, and the dream of breaking even has not been realized.
I say to invest in altcoins, with no hope of breaking even and only a slight profit.
The young folks are chatting enthusiastically, while the crypto circle laments that they have yet to win.
Some have doubled but still lose, and the dream of breaking even has not been realized.
See original
🤔 Is the probability of old projects being hacked higher than that of new projects?
Shen Yu: Some former old projects encounter various issues after the market cools down, leading to hacks.
So, invest in new, not old; store new, not old?
New projects may only be hacked when they fail to achieve their set goals?
Shen Yu: Some former old projects encounter various issues after the market cools down, leading to hacks.
So, invest in new, not old; store new, not old?
New projects may only be hacked when they fail to achieve their set goals?
See original
BNB Chain is about to welcome the hottest narrative of July: 'Tokenization of US Stocks'
Currently on Solana, it is clear that the trading volume and liquidity depth are insufficient, so it's quite good for BNB Chain to add some fuel to the fire.
I am looking forward to seeing a situation like Alpha with extremely high trading volume reappear, which would allow DeFi players who are not skilled in trading to benefit early through LP.
To take a step back, even if these coins and stocks fall, at least what you hold are shares of high-quality companies.
Unless, unless, the coins and stocks decouple.
👇 Borrowing a lengthy statement from a community member:
This is indeed a good thing.
As I said, for those of us who have made money, wanting to go to the US stock market but are afraid of the hassle, buying these directly is fine, as long as there are no major issues in the US.
US stocks have been rising. These major stocks, like McDonald's and Coca-Cola.
The annual increase is also about ten percent or so, encountering a sharp drop.
Then buy the dip, and then get a 10% LP, theoretically speaking, it would earn more than holding stocks bare for a year; holding bare only gets dividends plus price increase, but dividends.
Certainly, it does not earn as much as LP.
Currently, Ray has subsidies.
In any case, in the 10% range, there is also around 11% yield, which is definitely more cost-effective than holding the underlying stock bare.
Currently on Solana, it is clear that the trading volume and liquidity depth are insufficient, so it's quite good for BNB Chain to add some fuel to the fire.
I am looking forward to seeing a situation like Alpha with extremely high trading volume reappear, which would allow DeFi players who are not skilled in trading to benefit early through LP.
To take a step back, even if these coins and stocks fall, at least what you hold are shares of high-quality companies.
Unless, unless, the coins and stocks decouple.
👇 Borrowing a lengthy statement from a community member:
This is indeed a good thing.
As I said, for those of us who have made money, wanting to go to the US stock market but are afraid of the hassle, buying these directly is fine, as long as there are no major issues in the US.
US stocks have been rising. These major stocks, like McDonald's and Coca-Cola.
The annual increase is also about ten percent or so, encountering a sharp drop.
Then buy the dip, and then get a 10% LP, theoretically speaking, it would earn more than holding stocks bare for a year; holding bare only gets dividends plus price increase, but dividends.
Certainly, it does not earn as much as LP.
Currently, Ray has subsidies.
In any case, in the 10% range, there is also around 11% yield, which is definitely more cost-effective than holding the underlying stock bare.
See original
Stablecoin Interest Subsidy Program: Binance Wallet USDT/USDC
Currently, the APR displayed exceeds 100%, but this time it is not direct staking; instead, it is through DEX trading. Large transactions will certainly affect the coin price and cause slippage.
On the event page, the descriptions of precautions are very clear.
For example: Be careful not to exceed a single exchange amount of 0.5M, pay attention to slippage, and enable anti-MEV mode.
You need to click on details to sign up for the event. The relevant protocol is Resolv, with no staking or redemption, only trading!
Note: The above is for informational sharing only and is not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
Currently, the APR displayed exceeds 100%, but this time it is not direct staking; instead, it is through DEX trading. Large transactions will certainly affect the coin price and cause slippage.
On the event page, the descriptions of precautions are very clear.
For example: Be careful not to exceed a single exchange amount of 0.5M, pay attention to slippage, and enable anti-MEV mode.
You need to click on details to sign up for the event. The relevant protocol is Resolv, with no staking or redemption, only trading!
Note: The above is for informational sharing only and is not investment advice. Please conduct your own research!
DeFi Enthusiast: BitHappy
BitHappy
8 Jul
Stablecoin Investment Activity: Binance Wallet GHO
GHO is an over-collateralized stablecoin launched by AAVE (complaint: the name could have been better).
Currently, the APY is 32%, which will definitely decrease later, but the capacity is still acceptable, so there shouldn't be much of an issue for stability; current TVL is 31M.
Additionally, a couple of days ago, I discovered that the DeFi tab feature on the asset page of the Binance wallet suddenly became active, revealing the old mines I stored last year, giving me the feeling of having picked up a few hundred U for free.
I suggest that friends who have used the Binance wallet for DeFi check it out; community members have picked up over 10 U, super happy, 🤣
The deposit and redemption protocol is Fluid, redemption has not been tested yet.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
GHO is an over-collateralized stablecoin launched by AAVE (complaint: the name could have been better).
Currently, the APY is 32%, which will definitely decrease later, but the capacity is still acceptable, so there shouldn't be much of an issue for stability; current TVL is 31M.
Additionally, a couple of days ago, I discovered that the DeFi tab feature on the asset page of the Binance wallet suddenly became active, revealing the old mines I stored last year, giving me the feeling of having picked up a few hundred U for free.
I suggest that friends who have used the Binance wallet for DeFi check it out; community members have picked up over 10 U, super happy, 🤣
The deposit and redemption protocol is Fluid, redemption has not been tested yet.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
See original
July, the first harvest is coming soon!
The Hyperion Genesis Season will end at 12 PM tonight.
The Genesis airdrop accounts for 5%, of which 3% will be distributed at TGE, and another 2% will be distributed one month later, with a decent unlocking time!
Airdrops will be given to those who participate in trading, provide liquidity, and invite others. They are generally distributed according to Drips points, with the minimum cost for trading points being $0.005.
Next step, waiting for airdrop eligibility check!
No matter the returns from the airdrop, I want to thank Hyperion's APR flywheel, allowing me and my community friends to enjoy mining for over two months!
Official announcement: https://hyperionxyz.medium.com/the-blueprint-for-aligned-growth-hyperion-genesis-airdrop-49681bac0c49
The Hyperion Genesis Season will end at 12 PM tonight.
The Genesis airdrop accounts for 5%, of which 3% will be distributed at TGE, and another 2% will be distributed one month later, with a decent unlocking time!
Airdrops will be given to those who participate in trading, provide liquidity, and invite others. They are generally distributed according to Drips points, with the minimum cost for trading points being $0.005.
Next step, waiting for airdrop eligibility check!
No matter the returns from the airdrop, I want to thank Hyperion's APR flywheel, allowing me and my community friends to enjoy mining for over two months!
Official announcement: https://hyperionxyz.medium.com/the-blueprint-for-aligned-growth-hyperion-genesis-airdrop-49681bac0c49
BitHappy
2 Jul
It's that time of the month again: What to play!
Many projects were expected to yield results in June, but many have been delayed, so it can't be called a bountiful harvest.
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
However, there are a few that are already in the Pre TGE phase, so there's no need to invest extra time and funds anymore.
➤ New Additions:
1) VOOI released its v2 version yesterday, but compared to that, I am more concerned about its Pre DEX aggregator. It seems that everyone is more interested in the Web3 stock trading track where VOOI operates, which is more attractive. Analysis of VOOI: https://www.binance.com/zh-CN/square/post/26405823978946
2) The yield trading tracks RateX_Dex ExponentFinance nemoprotocol are all in cultivation; this track should be included as one of the foundational aspects of new public chain DeFi. A brief introduction to Nemo: https://www.binance.com/zh-CN/square/post/25782476528522
See original
Still believe in Berachain? Still mining for risks?
Regardless, the community still loves BERA, and discussions come up every few days.
Recently, the community has probably bought hundreds of thousands of dollars worth of iBGT and is strongly persuading me to exchange iBERA for iBGT.
➤ Simple Calculation
1. A few days ago, the hedging rate for buying iBERA was 0.955, now it's 0.995, yielding a profit of about 4%;
2. Currently, the exchange rate of iBGT to BERA is 1.13, with a premium of 13%;
3. If iBGT opens BERA redemption, the ratio should be between 1 - 1.05;
4. The corresponding premium minus profit differs between 4% - 9%;
5. The average APR for iBGT is around 100%, if it really drops to a point with no premium, the break-even time would be 15 - 33 days;
So, it equates to a potential haircut period of 15 - 33 days, but iBGT may also stabilize in price, along with APR and rewards.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
Regardless, the community still loves BERA, and discussions come up every few days.
Recently, the community has probably bought hundreds of thousands of dollars worth of iBGT and is strongly persuading me to exchange iBERA for iBGT.
➤ Simple Calculation
1. A few days ago, the hedging rate for buying iBERA was 0.955, now it's 0.995, yielding a profit of about 4%;
2. Currently, the exchange rate of iBGT to BERA is 1.13, with a premium of 13%;
3. If iBGT opens BERA redemption, the ratio should be between 1 - 1.05;
4. The corresponding premium minus profit differs between 4% - 9%;
5. The average APR for iBGT is around 100%, if it really drops to a point with no premium, the break-even time would be 15 - 33 days;
So, it equates to a potential haircut period of 15 - 33 days, but iBGT may also stabilize in price, along with APR and rewards.
Note: The above is for informational sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
BitHappy
8 Jul
iBERA exchange rate has risen to 1.008, converting APR to around 250%!
There is still less than a 3% exchange rate difference, should we withdraw now or continue to wait?🤔
There is still less than a 3% exchange rate difference, should we withdraw now or continue to wait?🤔
See original
Stablecoin Investment Activity: Binance Wallet GHO
GHO is an over-collateralized stablecoin launched by AAVE (complaint: the name could have been better).
Currently, the APY is 32%, which will definitely decrease later, but the capacity is still acceptable, so there shouldn't be much of an issue for stability; current TVL is 31M.
Additionally, a couple of days ago, I discovered that the DeFi tab feature on the asset page of the Binance wallet suddenly became active, revealing the old mines I stored last year, giving me the feeling of having picked up a few hundred U for free.
I suggest that friends who have used the Binance wallet for DeFi check it out; community members have picked up over 10 U, super happy, 🤣
The deposit and redemption protocol is Fluid, redemption has not been tested yet.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
GHO is an over-collateralized stablecoin launched by AAVE (complaint: the name could have been better).
Currently, the APY is 32%, which will definitely decrease later, but the capacity is still acceptable, so there shouldn't be much of an issue for stability; current TVL is 31M.
Additionally, a couple of days ago, I discovered that the DeFi tab feature on the asset page of the Binance wallet suddenly became active, revealing the old mines I stored last year, giving me the feeling of having picked up a few hundred U for free.
I suggest that friends who have used the Binance wallet for DeFi check it out; community members have picked up over 10 U, super happy, 🤣
The deposit and redemption protocol is Fluid, redemption has not been tested yet.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
See original
You can store it with peace of mind, it won't affect the airdrop. If the team is using USDC, the impact is minimal.
BitHappy
8 Jul
A few questions about Yala:
1️⃣ Yesterday, the $1 million quota for Lite sold out in 1 minute, the gas fees were not high, but many friends still couldn't get in.
2️⃣ Aside from Lite, the returns are more comfortable on Solana, followed by Ethereum's EQB, and then Ethereum's Stability Pool.
3️⃣ Due to point 2, many friends have put YU into Solana to earn interest, but currently, the Berries points on the Solana official website cannot be displayed. Are they not being counted?
4️⃣ The answer from multiple parties: The Berries points on the Solana chain are being counted in the project backend, and efforts are being made to display them in real-time.
5️⃣ However, the team function on the Solana chain will only be launched after the TGE.
On the surface, earning interest on Solana will result in a loss of at least 8% of the Mint invitation rewards, but friends who exchange USDC for YU originally did not have invitation incentives, so for this group of friends, it is costless.
But the bigger concern is: The Berries points on Solana may not be redeemable for airdrops at the time of TGE.
1️⃣ Yesterday, the $1 million quota for Lite sold out in 1 minute, the gas fees were not high, but many friends still couldn't get in.
2️⃣ Aside from Lite, the returns are more comfortable on Solana, followed by Ethereum's EQB, and then Ethereum's Stability Pool.
3️⃣ Due to point 2, many friends have put YU into Solana to earn interest, but currently, the Berries points on the Solana official website cannot be displayed. Are they not being counted?
4️⃣ The answer from multiple parties: The Berries points on the Solana chain are being counted in the project backend, and efforts are being made to display them in real-time.
5️⃣ However, the team function on the Solana chain will only be launched after the TGE.
On the surface, earning interest on Solana will result in a loss of at least 8% of the Mint invitation rewards, but friends who exchange USDC for YU originally did not have invitation incentives, so for this group of friends, it is costless.
But the bigger concern is: The Berries points on Solana may not be redeemable for airdrops at the time of TGE.
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Période d'activité : 2025-07-19 06:00 (UTC) à 2025-07-20 06:00 (UTC)
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