For the past few years, Crypto users have been constantly searching for the next alpha. From arbitrage and memes to perps, DeFi, and RWA, everyone's been trying to generate new returns on their funds. However, after experiencing the backlash against arbitrage and the frequent halvings of value coins, more and more people are realizing one thing: not every investment needs to be used to gamble on a high-risk opportunity. Especially when there are no clear trading opportunities, instead of chasing higher returns and letting your assets in your account be halved at any time, it's better to consider generating some returns on your USDC. Losing less money is sometimes more important than making quick money. My realization these past two days is: instead of dollar-cost averaging at high prices, it's better to enter the market when there's a lot of selling pressure! ———————————————————— Just saw TopNod Wallet @TopNod and Axil @Official_Axil's collaboration on Axil APT Vault, || A new way to manage idle USDC. The officially disclosed target APY is approximately 8%, with an initial cap of $15 million, involving both T+0 and T+7 liquidity arrangements. So, where will the money be invested? And who will pay the returns? According to official information, APT's underlying assets include money market funds, highly liquid assets, and micro-consumer loans from emerging markets. Micro-loans generate returns through interest payments on borrowers' installment purchases, and actual repayments generate cash flow to pay for the treasury's returns. Axil is responsible for selecting partner institutions, allocating strategies, and managing risk. According to the official website, team members have backgrounds with institutions such as BlackRock, the Hong Kong Stock Exchange, CICC Capital, and Ant Group. The official statement also indicates that APT does not rely on other DeFi yield pools, revolving lending, or leverage to generate returns. The ecosystem of on-chain Yu'ebao (a popular Chinese online money market fund) is now being filled by a team with Ant Group backing. ———————————————————— Yesterday I met a so-called "Taoist" trader, who told me that, in his judgment, there might be another flash crash in Q1 next year. While it may seem like a matter of speculation, I believe one thing is certain: regardless of market fluctuations, you should always keep some cash on hand to await opportunities that may arise at any time. Making idle funds generate returns is one thing; having enough cash reserves to deal with black swan events is quite another. Sometimes, having cash on hand and feeling calm is itself a form of investment skill. Instead of dollar-cost averaging at market highs, it's better to have cash on hand and enter the market when it's in a state of panic!