Don't spend a day looking for 50 passwords; this will only make you hesitate to invest much in each. Focus on a few potential projects, invest over 80% of your energy in them, learn, understand, and keep yourself informed. You won't easily be confused by others' hype or scared away by their FUD.
Which serious wealth makers aren't heavily invested in a coin that takes off? In the last cycle, LUNA made billions from start to finish, and this cycle, small write dog harvested over 10M in laser cats, ACT's wizard, and those who got into Hyper, these are all people I know around me.
Meme is not my main stage; I really like things like Pendle, ENA, Usual that need to look at the mechanism. Because not many people are willing to invest time and effort to understand and research, they prefer to follow the crowd.
For example: Yesterday, someone started questioning whether that 22000% APY for Usualx was fake, so many people didn't dare to invest.
Actually, this is a misunderstanding of the relationship between APR and APY (Defi veterans understand). APY is compound interest, and an APY of 22000% is actually just over 500% APR, which is not exaggerated for the Usualx that only had 1M last night. I immediately bought $Usual on-chain and put it in; I calculated just now that the yield in less than 20 hours is 3.5%. Isn't that great?
(Of course, now that the deposits and withdrawals have opened, 33M of Usual has already gone in, and the yield has dropped to 20000%. The rest is a gamble, whether to stake or not, let's calculate again after those who withdraw today are settled.)
To be honest, I initially underestimated $Usual, so I missed the opportunity to invest at the first level, but fortunately, I realized in time to go all in. As the subsequent mechanism designs revealed themselves, it seems to be getting more and more interesting.
Just like he said, if the team is really aggressive, taking profits and continuously boosting the $usual coin price, then the TVL's paper yield will keep increasing, the money flowing in will keep getting more, and the team's TVL yield will be higher, leading to more boosts. Isn't it like Luna, stepping on one foot then the other, with a chance to become the next big player?
Of course, this is all just our own speculation, but at least for now, the market is very supportive of $Usual, and the coin price can't drop.
In the end:
I won't give direct advice on second-level coin prices anymore, because there are risks and it's easy to get scolded, even though I haven't sold any myself. But right now, mining with stablecoins is really appealing. Look at the chart below, the LP yield of relatively low-risk stablecoin is already close to 60%.
The portal is here:
app.usual.money/swap?from=USDC…