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Although many friends look down on dual currency very much.

CN
Phyrex
Follow
3 hours ago
AI summarizes in 5 seconds.

Although many friends look down on dual currency, I still quite like it. I am here to make money; as long as I can make money, a white cat or a black cat is a good cat, especially when it is a familiar and comfortable way for me to earn.

As of today, the 30,000 dollars I was testing has been running for a full 40 days, with earnings of 465.65 dollars, a return rate of 1.55%, and an annualized return of 14.16%. This data is already higher than almost all stablecoin returns; I really don't feel there's anything wrong.

Moreover, aside from the funds I tested, I have been doing dual currency on three exchanges: #Binance, #OKX, and #Bitget, with Bitget having the highest return rate, which is unquestionable. OKX has a pretty high recent price return, but I mainly operate on Binance; today I will share some tips.

@binancezh has two tokens whose staking yields are zero: one is $BNSOL and the other is $WBETH, so these two tokens are a waste of resources. How to "recycle waste"?

I personally like to pledge these two tokens to borrow coins (VIP borrowing). The borrowing interest rate has not exceeded 3% in the last two days, now it's 2.92%. This means that as long as the dual currency yield is greater than 3%, one can arbitrage to make a little money. If you're worried about getting stuck in Bitcoin, you can buy at the minimum price on T+1, at least that can give a 4% return.

In general, my pledge rate does not exceed 40%; for example, my liquidation price for BNSOL is 39 dollars. Of course, I also have enough emergency funds if any urgent situation arises. So this method is still quite safe for me personally.

Of course, this is just my personal plan and does not mean that one must copy it; after all, I can accept buying $BTC with the price of dual currency.


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Selected Articles by Phyrex

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I remember discussing this matter with Brother M @Murphychen888 before.
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On Wednesday, the data for the $BTC spot ETF is still in slight fluctuation.
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