$0.99
24h
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19 May, 14:24
USDG stablecoin yield products on OKX
Neutral+0.02%
AI Summary
The author is taking profits on US stocks amid market uncertainty and recommending USDG stablecoin yield products on OKX as an alternative income strategy.
Recently analyzed various 13F fund reports, most are cautious about Q2.
On one hand, US Treasury yields have surged recently, coupled with the change of the Fed Chair, unclear US-Iran situation, oil prices staying above $100, and finally the century IPO SpaceX listing. On my personal operation level, I recently took profits on some US stock funds, waiting for a better price to buy back!
Leaving funds idle is a waste. Recently discovered #OKX USDG stablecoin yield is not bad, VIP can get up to 4.1%, plus real-time redemption. If using loop lending, can reach up to 9.1% (not really recommended), interest paid weekly, really sweet!
Additionally, I've been playing OKX Dual Investment recently. Interestingly, for Dual Investment, USDG vs USDT trading pairs, under the same 74000 BTC price, USDT pair yield is 18.05%, USDG pair yield is 20.6%, actually 2% higher, also very sweet (see ๐ Fig 3 Fig 4)!
In a bear market context, must follow Buffett's teachings, make every penny work! ๐ง Any other high-yield stablecoin strategies, can discuss in the comments! ๐
Thanks here to @Jiajia_OKX for the tip ๐ @okxchinese