BitHappy

The performance of this on-chain liquidation is better than that of exchanges, especially in the lending aspect.

This is mainly due to the design of protocols like Ethena and AAVE, which, in order to increase TVL, encourage circular lending and fix the value of lending assets to collateral assets at a ratio of 1:1.

For instance, the circular lending of USDT and USDe on Aave previously had no liquidation risk due to the use of a fixed oracle, coupled with subsidy activities at that time, which raised the TVL by billions in just a few days.

This mechanism has also driven almost all stablecoins to be fixed at a ratio of 1:1 in the oracles of lending protocols.

Therefore, most users involved in this on-chain stablecoin circular lending have come through largely unscathed.

However, the most severe liquidation losses for USDe occurred on Binance.

On one hand, Binance launched a promotion offering 12% interest on USDe, attracting a large number of whales to participate in circular lending (resulting in almost total losses). On the other hand, USDe can also be used as contract margin.

I just saw a big shot analyze that this waterfall event was triggered by the chain reaction of USDe liquidations, but the post has already been deleted.

Latest news: Binance will compensate users affected by USDe, BNSOL, and WBETH.

USD1 has finally unpegged, but it's on the upside, hahaha～

Thanks to Binance and the USD1 Spring Festival investment red envelope, I'm happy!

In simple terms, the content of the new announcement is that holding USD1 in Binance's spot account, fund account, margin account, or U-denominated contract account will earn interest weekly.

Based on the current issuance of USD1 at around 3.2 billion, even if all USD1 is in Binance, the annualized return would be around 16-17%, so the actual annualized return will be quite impressive!

However, the total amount will definitely grow, which means the annualized return will decrease.

The most important reminder is that USD1 used as collateral in contract or margin accounts will have a 1.2 times increase, 👀

The basic gameplay remains the same, see these tweets:

👉 Beginner's lending tutorial: https://www.binance.com/zh-CN/square/post/34792846616121

👉 Money-making strategies collection: https://www.binance.com/zh-CN/square/post/34141149088938

👉 Best money-making strategy: https://www.binance.com/zh-CN/square/post/34232370171273

Note: The above is for information sharing only, not investment advice, please be sure to do your own research!

DeFi enthusiasts: BitHappy

Currently, which Genius to brush has become one of the most concerning topics for everyone!\n\nFrom the current situation, the outlook is not optimistic, and there is uncertainty about whether subsequent projects can be smoothly advanced.\n\nThe accompanying image shows the pools from the two agreements I have been most concerned about these days. It can be clearly seen that after the announcement of transaction fees in the morning, the trading volume saw a significant decline, with a drop of at least over 80%.\n\nMoreover, according to official statistics, the total trading volume for this week is currently 4.89 billion. If one rashly jumps in over the next few days, it is highly likely to become cannon fodder.\n\nTherefore, I plan to observe for a while this week.\n\nHowever, this is still a game of strategy, and the difficulty of earning points in the coming weeks may still be considerable.\n\nFor example, actuaries will roughly calculate the loss of each point based on trading volume and weekly points, so the efficiency of points in the following weeks may be similar to this week.\n\nHowever, it should be noted that the major players who brushed early will receive rebates next week, while those who did not go all out will not, so it is still important to act quickly.\n\nI currently plan to brush o1 again, as it is not too competitive for now.\n\nSome personal thoughts and a beginner's guide on o1 can be found in this post: https://www.binance.com/zh-CN/square/post/35323998588473\n\nAdditionally, there are currently no LP opportunities found for o1, but everyone can keep an eye out. If anything is discovered, remember to quietly message me, haha~\n\nNote: The above is for information sharing only and not investment advice. Please be sure to do your own research!\n\nDiligent DeFi enthusiasts: BitHappy

Don't forget to retrieve the money you forgot in the Binance wallet～

For friends who have stopped using Alpha for various reasons before, or switched from the original wallet to a private key wallet, please pay attention.

I have personally tested that after changing wallets, Binance will not swallow your Booster rewards, and they will be directly issued to the wallet you originally participated in the activity with!

➤ The tutorial is as follows:

0/ Open the Binance App → Wallet → Discover;

1/ Select the Booster section;

2/ Click My All Rewards - Claimable - Batch Claim;

Note: The above is just information sharing, not investment advice, please be sure to do your own research!

Diligent DeFi enthusiasts: BitHappy

I brushed 50,000 in Genius, still too conservative～

On the BNB Chain, there are many who brush over 100,000 or even millions in a single transaction!

Are you big players also like me, just silly?

There must be some secret, 👀

Genius, are you still刷?\n\nGo ahead, after all, there are no fees now～\n\nEven if there's a "0.02" loss on stablecoins in BSC, it's still better than in the future being like o1 with "1.00", right?\n\nHowever, I still think issuing my own token isn't a good idea, after all, the invitation points have already been taken away.\n\nEven if self-issued tokens seem feasible now, will they really not be taken away in the future?\n\nMoreover, the point rules for stablecoins are written in the documentation.

Last time there was a vulnerability in the Binance trading competition, many friends took advantage of it～

This time the S2 rules are the same as S1: the higher the profit ranking, the more rewards you can get, up to 60 $BNB.

The operation of the last vulnerability was:

Buy coins → Withdraw → Sell (avoid risk of decline) → If the coin price rises → Buy back → Sell (counted as profit).

However, this time you definitely can't exploit loopholes like that anymore. Because community members have already submitted this bug to Binance officials and received a reward of 1 $BNB.

The officials also clearly stated: as long as there has been a withdrawal operation, the profits of that currency will not be counted.

So, are there any other methods or tips?

Yes, brother, of course there are!

If you are interested, please leave a serious comment in the comment area, and I will send it to you privately～

Binance wallet trading stock tokens gives 5 Alpha points～
Although everyone says that if everyone has it, then everyone does not have it, but if you did it, you are ahead of others by 5 points.
➤ The tutorial is as follows (image):
0/ Open Binance App → Wallet → Stock Tokens;
1/ Select any stock token such as Coca-Cola;
2/ Click trade;
3/ Authorize and exchange;
4/ After success, reverse exchange the token back to USDT;
Note: Each account has only one qualification, and a single purchase must be greater than 50U, and the activity ends on February 3 at 21:00.
Tip: The above is only for information sharing, not investment advice, please make sure to do your own research!
Diligent DeFi enthusiasts: BitHappy

Everyone's complaints about o1 are mostly about the excessive loss, which is actually unnecessary～

The ratio of loss to points is the key; no loss but unable to obtain points is meaningless!

Additionally, although many cryptocurrencies on o1 have very low trading fees, it is said that only the cryptocurrencies under the o1 Alpha category have a high points coefficient, which is why everyone is刷 LMTS.

However, I haven't found any definitive documents or explanations for this claim, but the official documentation clearly mentions the existence of a points coefficient.

Genius Season 1 Points Price Prediction～

Everyone can calculate the cost of points through loss, and then compare the chart to have a rough expectation of returns.

The key point: The new points regulations will take effect tomorrow morning at 5 AM (Eastern Time today at 4 PM), and trading points will be retroactive, meaning there is still time!!?

➤ About the new points regulations:

0/ TGE will be before April 12;

1/ Invitation points are invalid;

2/ 10 million points will be distributed weekly;

3/ The efficiency of acquiring stablecoin points is halved;

4/ Only trading volume is needed, not the number of transactions;

5/ Currently, there are no transaction fees.

Note: The above is for information sharing only, not investment advice. Please make sure to do your own research!

Trendy DeFi enthusiasts: BitHappy

The track suddenly became popular. If you hesitate and wait, the only thing that awaits you is the continuous increase in the cost of participation!

Last week, due to Genius announcing the background of YZi and CZ, it not only brought 40,000 new registrations in just one hour, but also rumors suggest that the number of users has exceeded 1.5 million.

This caught the Genius product and team off guard, exposing not only technical shortcomings but also flaws in the design of the invitation points in the token economics.

Immediately following this, there was a "maintenance" at 8 AM on Saturday.

It is speculated that a weekly retrospective model for points may be adopted, which means the difficulty of obtaining points will significantly increase.

At the same time, Genius also ignited a fire for the Terminal track.

The data for the same track, o1, also rose in these two days, but unfortunately, o1 started implementing a fixed model of 2 million points per week today.

What originally required only $20 in low consumption to earn nearly 10,000 points in an hour is now impossible.

Therefore, hot projects must be followed up quickly; even with a small investment, one cannot miss out.

Because in a few days, the cost could be several times that of the early stages, or even dozens of times.

If your Genius level is not enough, it's better to take a break for these couple of days~

After maintenance, although trading points can be retroactively applied, the level cannot be raised, which means that for the same trading volume, your costs are 40% higher than those of a level three account.

You might consider going to the same track o1, although its volume is not as high as Genius, and it doesn't have advisors like CZ that create as much FOMO.

However, it has Base behind it, along with undisclosed xxxx.

If you are looking for a comparison target, you can refer to Base's Perp major: AVNT.

Group car: https://o1.exchange/@bithappy

In Genius's leveling system, "transaction count" and "transaction volume" are equally important!

The optimal solution for transaction volume: fewer large amounts;

The optimal solution for transaction count: more small amounts.

However, in the fifth step of yesterday's tutorial "Quick Transactions", the part on how to set up quick input amounts was omitted.

This time it's added, as shown in the picture👇

To be honest, the certainty of Genius is actually not very high～

But I still choose to incur a few thousand in losses.

Why?

Because it has CZ advisors and YZi investments, plus the currently poor product experience makes me think there might be a big opportunity hidden here.

Of course, it could also be the PTSD left after missing Aster.

But anyway, in Crypto, product quality cannot serve as a basis for decision-making.

After all, the first principle of Crypto is having a strong background.

This might also be the true understanding of BUIDL, turning the bad into something great!

Note: The above is for information sharing only, not investment advice, please make sure to do your own research!

For DeFi enthusiasts who bet on airdrops with interest: BitHappy

If your Genius cannot log in, this can solve it!

1/ Open the Genius website

2/ Open the developer tools in Chrome/Edge browser (shortcut key F12)

3/ Find Application

4/ Find Storage

5/ Click Clear site data

6/ Restart the browser

As a final solution, if none of the above works, clear all browser data.

However, after testing with the community, the above steps can resolve the login issue.

The TGE for Backpack should be coming soon!

A simple estimation of the value of points based on different FDV and airdrop ratios, for your reference～

Note: The above is for information sharing only, not investment advice. Please do your own research!

DeFi Enthusiast: BitHappy

Is this the big guy from Genius Terminal?

I topped up and traded $5 yesterday to test the small account of Genius wear and tear. Today, I received two refunds totaling $15, with a net profit of $10!

The small account didn't have Gas pre-deposited, so during the Swap, $4.x was lost.

I thought this loss was gone for good, but I clicked 'Contact Customer Service' in the order.

This morning and afternoon, I received two refunds separately.

This is likely a bug. If you've experienced significant wear and tear during your recent trading, please contact customer service quickly—there's a chance you might get a refund too!