How to make your crypto assets pay your rent in a bear market?

The crypto market has a characteristic: everyone is talking about how to make money and how much money others have made, but few people talk about how to control drawdowns, how to deal with the stablecoins earned, and how to have a more reasonable cash flow.

After all, the crypto industry is highly reflexive. When the bull market comes, pigs can fly, but when it is free falling, it is like hell on earth. In the "monkey market stage" when there are not so many new narratives in the market, it is likely to make more mistakes. At this time, it may be a good thing to be familiar with some crypto-native financial management methods and means to form a more reasonable allocation of funds.

Previously, He Yi, the co-founder of Binance, also said that financial management is a low-risk option.

In fact, not many people in the industry are talking about the financial management market. In addition to funding issues, the main reason may be that this type of financial management is a one-time deal, and you only need to deposit funds to achieve "after-sleep income". There is not much discussion angle, so most of the time, sharing is only between some specific communities and acquaintances, just like the Benmo community in the Chinese-speaking area. Moreover, this kind of real income, in many cases, the income ceiling is limited, in order to avoid the dilution of income, the dissemination is also less. But the benefits of this field are obvious. In addition to the non-existence of the "take-over-losing money" feature of the secondary market, it can also allow you to sleep like a baby.

Rhythm has sorted out some APY projects that have been discussed in the community recently, mainly stablecoins and derivative tokens, among which the TVL of DeFi projects is more than 50 million, and explained the corresponding sources of income. The main source of DeFi is the subsidy of the protocol's own tokens. CEX's financial management projects come from the cooperation between CEX and the project. Among them, the highest-yielding activity APY is as high as 200%. Although it has ended for the time being, the idea can still be used as a reference. The following projects do not constitute investment advice and are sorted based on community popularity.

PayPal USD

The most discussed stablecoin investment project in the community is the US dollar stablecoin PayPal USD (PYUSD) launched by payment giant Paypal and issued by Paxos. Currently, the APY yield of PYUSD on the Solana chain is generally higher than 15%. Taking Kamino, the largest lending platform of Solana, as an example, 320 million PYUSD enjoys an APY of 17.57% borrowing income, and another lending platform Marginfi has an APY of over 18%.

Perhaps it is related to the recent Solana Foundation's vigorous promotion of payment and PayFi. According to the community, the high incentives for PYUSD on the Solana chain are provided by Solana and Paypal, but there is no clear statement about the source of the subsidy. Due to the endorsement of Paypal and the high interest, the issuance of PYUSD on the Solana chain surpassed Ethereum in mid-August, becoming the largest issuance platform for PYUSD.

USDC-Sui

As a popular Sol Killer recently, in addition to technical development, Sui has never stopped promoting the development of DeFi on its own network. As the largest lending platform on the Sui network, USDC on NAVI currently has a TVL of over $100 million and provides an APY of 14.9%. Similarly, most of the income comes from Sui's incentives to users.

Since the current entry and exit of the USDC network requires cross-chain methods such as Wormhole, and Wormhole has performance restrictions on cross-chain. If users want to participate in the Sui network, they need to plan their time reasonably and leave time margin.

Bybit-USDE

As previously reported by Rhythm, on July 30, Ethena Labs announced that starting from August 2, all Bybit users only need to hold USDe in their Bybit accounts or use USDe as collateral to participate in derivatives transactions to earn up to 20% APY income, paid daily......

As of today's posting, Bybit's USDe income APY is 12.47%, which is still competitive. However, according to the announcement of the event, the total prize pool of this event is 3.3 million USDe. If users still want to participate in USDe activities, they should reasonably estimate the time when the activity will stop to avoid concentrated sales after the activity stops, which may cause potential slippage of USDe. It is worth noting that since the perpetual contract funding rate has been below 0 recently, the overall return of the Ethena protocol has also been greatly affected. Its official website shows that the APY of sUSDe is 4%.

Aave GHO

Aave, one of the benchmarks of DeFi protocols, is also providing incentive subsidies for its stablecoin GHO. The incentive plan has increased GHO's APY to more than 20%. Currently, there are about 75 million GHO staked in it.

After staking GHO, users need to claim this part of the incentive reward on the merit interface built by the community.

However, it is worth noting that the unlocking period of GHO staked in the protocol is 20 days, which makes GHO's liquidity less flexible than other protocols.

Binance-TON

Binance Launchpool not only launched Toncoin, but also launched a series of financial management activities related to TON. The most notable of these is the Super Earn activity that has ended. The activity provides TON holders with a high annualized APY of 300%, even if each user only deposits a maximum of 1,350 TONs and the activity market is 20 days. But the expected income is more than 200 TONs. As expected, Super Earn reached the subscription limit within a few minutes after it was opened.

Since this activity requires non-stable currency deposits, as an optimization method. Users can pledge stablecoins on CEX to borrow TON, and they can get this APY without considering the rise and fall of TON. If you are a DeFi Degen, you can even pledge USDT on the TON network to lend TON. In this case, you don’t even need to pay the APY for the loan, because the APY of USDT is higher. This method can be widely used in scenarios that require non-stablecoins.

The above summarizes some of the ways to achieve stable financial management that are highly discussed in the community. As for ways to earn higher APY returns, such as DeFi’s second pool and the airdrop gameplay of the LuMao Studio, the stability of the returns, the source of the returns, and the time of redemption are uncertain, so they are not involved yet.

By continuously looking for methods like this risk-free return, any user familiar with encryption will have the opportunity to participate and enter a "Fire"-like state where income covers daily expenses. I hope that this basic stablecoin APY income strategy will allow everyone to have the last piece of private land in the face of the anxiety of the myth of getting rich quickly.

This article does not constitute investment advice. Users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Invest at your own risk.