The reason for the plunge has been found: the promised interest rate cut is gone!
The expected interest rate cut in November has been lowered from 50 basis points to 0!
That is to say, the Fed will not cut interest rates in November.
After the release of the US September CPI data, all of them were higher than expected, but Atlanta Fed President Bostic said, "Recent mixed data suggests that perhaps we should pause interest rate cuts in November. I am absolutely open to this."
Brothers, it is obvious that if interest rate cuts are stopped, the crypto market is likely to plummet. The DEFI track may rise again!
Let's introduce the DEFI asset clisbnb that can participate in mining:
Regarding the income of clisBNB, it can be introduced from the following aspects:
1. Income brought by the dual reward system
Binance Launchpool rewards:
Users use BNB as collateral to participate in the Binance Launchpool project and have the opportunity to receive token rewards issued by the project party.
The amount of rewards usually depends on the user's holdings in the Launchpool and the specific situation of the project.
lisUSD borrowing income:
Users can borrow lisUSD to perform other on-chain operations, such as investment, trading, etc., to obtain additional income.
The borrowing rate and availability of lisUSD may vary depending on market conditions.
2. Income from liquidity selection
Earn Binance new coin issuance income:
Users can use the borrowed lisUSD to participate in the new coin issuance activities on the Binance platform, and have the opportunity to obtain high new coin issuance income.
The specific amount of new coin issuance income depends on the market performance of the new coin and the user's new coin issuance strategy.
lisUSD release income:
After borrowing lisUSD, users need to repay according to the agreed period and conditions. During the repayment process, users may receive a certain amount of lisUSD release income, depending on the specific repayment plan and interest rate arrangement.
LISTA emission rewards:
Lista DAO may issue LISTA emission rewards based on factors such as user participation and holdings. These rewards can be used for consumption or investment in the Lista DAO ecosystem.
LISTA airdrop rewards:
Lista DAO may conduct LISTA airdrop activities regularly to distribute LISTA tokens to eligible users for free. The amount and conditions of these airdrop rewards may vary by campaign.
