#币安LaunchpoolBIO

Is the new currency possibly too FOMO, or is there another reason? From on-chain data, the annualized lending rate for BNB is 33%, while the annualized lending rate for FDUSD is 66%.

Assuming borrowing 100,000 USD in BNB, at an annualized rate of 33%, the interest for 10 days would be 904 USD. The maximum BNB that can be mined from 100,000 is around 677 BIO. 904 divided by 677 equals 1.33, which is needed to cover the interest from borrowing. However, the pre-market price is only around 0.9, so it would be more appropriate to buy directly rather than borrow, which does not tie up capital. I thought the annualized rate would decrease today. But after waiting a whole day, the on-chain annualized rate did not drop. This suggests two possibilities: the first is that novices are mindlessly borrowing coins for mining, and the second is that someone knows insider information about a potential airdrop during this period.

Which possibility do you think is more suitable, or is there a third possibility?