To be honest, at first I had no expectations for @ ELYSIA-HQ. I was planning to honestly throw the USDT in my hand at the bank to earn some interest. Calculate, how low is the interest rate? For Hong Kong cards, the maximum annualized interest rate is 3-4 points, and the interest offered is pitifully low. You have to hesitate whether to order a large cup of coffee or not. Going to the exchange, the current annualized rate is also up to 10 points, which is not convenient for me to withdraw funds. To be honest, I don't have the energy anymore. I have to go back and forth, especially when the market is extreme and my mentality fluctuates even more. I also have to calculate transaction fees, exchange rates, and slippage points. After a round, it's all mentally exhausting. So my default judgment at that time was that this kind of 'stable and profitable' thing must be played by institutions and has little to do with retail investors like me. Until one day, a friend casually mentioned, 'I recently put USDT into ELUSD, and hanging it can also earn some profits.'. ”My first reaction was not excitement, but vigilance. But unable to resist curiosity, he still clicked in and took a look. It was found that its logic is actually very simple. You deposit USDT, convert it to ELUSD 1:1, and then pledge it to sELUSD. The rest is done by the protocol itself. What is premium arbitrage in the Korean market, what is KRW/USD exchange rate hedging? Simply put, institutions used to require a lot of people to monitor them, but now you just need to click a few times. My biggest feeling at that time was not 'high returns', but that I didn't do anything, but the money was moving on my own. The return is probably in the range of 18% APY, which is much stronger than the "meaning" of banks, but it is not exaggerated enough to make me feel unrealistic at first glance. What's interesting is that EL Points. It's not the kind of 'draw a cake for you to see' points, it's really linked to the subsequent token distribution. You pledge, points are increasing; You can invite friends and accumulate points; The cycle has arrived, divide things by points. The logic is very simple Later on, I thought about it and realized that the thing that makes ELUSD seem "manageable" to me is not the profit figures: it doesn't attract people by shouting high APY, but by using an arbitrage logic that has existed for many years; I don't need to open my own Korean account, nor do I have to tinker with cross-border transactions; How to hedge risks and adjust positions, the agreement is done by oneself; You can check all the data, it's not just saying 'trust me'. My current state is that I occasionally check the dashboard, knowing that money is not idle, but I don't have to stare at the dashboard and calculate every day. To be honest, in the past, I exhausted myself for some arbitrage profits, but now this state of "less worry" is actually more valuable. You can do what you like, go fishing. If you're like me, with USDT in your hand and don't want to tinker with it every day or be emotionally driven by high risks, then ELUSD is at least an option that you can take a look at yourself. It's not something that makes you rich overnight, but the kind of tool that you don't stare at and slowly helps you with your work. I'll put the link here, just take a look if you're interested, don't rush to make a judgment: https://app.elyfi.world/?ref=5UiYscj