Today, while chatting with friends, we occasionally talked about wealth management in the cryptocurrency sphere, and they vented about the current domestic interest rates and US Treasury bonds. We discussed quite a lot, so today I mainly want to share my wealth management ideas holding 200,000 USDT in spot assets 💰💰💰.
In the cryptocurrency sphere, I believe there are still many players like me who use USDT as part of their savings for wealth management. Some players do not participate in contract trading and primarily focus on a small portion of spot assets. The simplest wealth management method is USDT current pledge wealth management. USDT current pledge simply means that the exchange acts as an intermediary. Users pledge USDT to the exchange, and the exchange lends the coins to users in need, earning the interest difference in between. This should be the most straightforward and easily understandable wealth management method that everyone encounters.
Currently, BN's USDT wealth management has an interest rate of more than 5%, while most domestic deposits only have around 2%, which is more than double. Therefore, if you don’t want to take any risks, USDT wealth management is indeed a good choice.
However, USDT pledge wealth management is not the main focus of today's discussion. Today, we will talk about another wealth management option with higher returns, which is dual currency investment. It is suitable for players holding a large amount of BTC, ETH, BNB, SOL, and other spot assets.
To put it simply, the operation process of this mechanism is centered on selling high and buying low. By choosing dual currency trading, after the subscription date expires, BN will provide us with an additional high interest.
Taking selling SOL as an example, in BN dual currency investment, BN will provide several prices with accompanying interests within a certain subscription cycle. For instance, let's choose the sell order at 7 days with 180-128% interest. If we choose to subscribe for 1 SOL sell order, when the price reaches 180 within the selected subscription time, BN will pay us 180U + 180 * 8/365 * 127%U (additional interest) = 185U. If the price does not reach 180U within the subscription time, Binance will return us 1 SOL + 1 * 8/365 * 127%SOL (additional interest) = 1.028SOL. In this process, our loss would be the portion of the spot value that exceeds 185U, or if you think 180 won't sell, you will definitely sell at 178. You can also open a short position at this price to hedge against price fluctuations. There will be some fee wear in between, and you can also use my trading invitation code PEMXMQNU to get a discount on your trading fees. Currently, our trading fee discount is 20%, so if the fee is 100, you will get a refund of 20U fees.
Of course, you can also be like me; you don't want to sell or buy coins but still want to earn the interest in between. We can choose a price that won't be reached in the short term. For example, if the current SOL price fluctuates around 178, we select a low buy subscription with a settlement date of November 1, setting the price at 164. We will receive a 20% interest upon maturity, approximately earning 4U interest from an investment of 1000U, with a settlement period of 7 days.
Assuming you feel that 164 is still not safe enough, you can only choose a lower interest rate and a lower price later on. Therefore, this wealth management method is not completely risk-free; it can only be said that the risk is relatively small. Of course, it is also possible that your 164 'unluckily' gets executed, and the price returns to 170+ days later. Speaking of this, I do not recommend buying low market cap altcoins because the risks are uncontrollable. Once you buy in, you may easily end up holding the bag. Various plans can only be briefly explained due to space limitations. If you want to learn more about hedging information, you can leave me a message. Given the current interest rates, investing in dual currencies is a very low-risk arbitrage option, with returns far exceeding simple current wealth management. It is more convenient to operate and can provide higher wealth management returns for low-interest spot assets like BNB, BTC, and ETH. Everyone, please stay tuned for more shares on cryptocurrency wealth management arbitrage and contract opening ideas.
