A major exchange recently launched a new batch of wealth management products, clearly strengthening the empowerment of the ecosystem tokens by separating the ecosystem stablecoins from the payment system and integrating them into the main platform's revenue system for focused promotion.



This time, the main character is the FOGO token. Interestingly, the token combination for subscription has been adjusted—traditional USDC has been replaced with the ecosystem stablecoin USDG.

Regarding returns, the pace was a bit fast when it first opened the day before yesterday, so I missed the first batch. Currently, the annualized yield for entry is 2.88%. But don’t underestimate this number; combined with FOGO’s native annualized rate of 4.1%, the total can reliably reach around 7% compound return. This level of return is quite good given the current market environment.

If you are a conservative investor, this type of product is definitely worth paying attention to—allocating a portion of idle assets into it can steadily earn seven or eight points annually, which is much more attractive than traditional financial products. The key is that the entire subscription and redemption process is also quite smooth.
FOGO1.8%
USDG-0.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
GateUser-bd883c58vip
· 01-19 00:13
They're at it again, chopping the leeks. Using USDC to switch to ecosystem tokens is really a clever move.
View OriginalReply0
GweiObservervip
· 01-18 23:21
It's the same old trick of stacking ecosystem tokens. Is it really possible to stay steady at seven points?
View OriginalReply0
DataBartendervip
· 01-18 21:00
Here we go again, squeezing toothpaste. The move with the ecosystem coin is really brilliant, forcing the life extension of their own token. It's a bit regretful that I missed the initial launch, but 7 points are still tempting. Compared to those free financial products, it's much more attractive. The move to replace USDC with USDG is quite clever, clearly aiming to lock in liquidity. Why does it always feel like this? Whenever it's open, people rush in to make money, and I always end up just watching? The process is indeed smooth, unlike some exchanges that are slow to redeem.
View OriginalReply0
FalseProfitProphetvip
· 01-16 06:49
It's the same old playbook with ecosystem tokens—USDC to USDG. Honestly, they just want us to hoard more of their coins. Seven percent sounds attractive, but it depends on whether they'll dump the price later. I didn't get in during the first batch, so now I don't even dare to move.
View OriginalReply0
notSatoshi1971vip
· 01-16 06:45
It's the same trick again, forcing ecosystem tokens into it?
View OriginalReply0
ZenZKPlayervip
· 01-16 06:41
It's the same old playbook with ecosystem tokens; swapping USDC for USDG is just to keep you locked into their ecosystem. Seven points look good, but the premise is that this token has to stay alive...
View OriginalReply0
ResearchChadButBrokevip
· 01-16 06:38
You're just harvesting again, ecosystem coin stacking yields. I won't join this round. Wait, 7% compound interest? How is this number calculated, and what are the prerequisites? Those who didn't catch the first batch are lucky, understand? USDC to USDG, this move is a bit like forcing the ecosystem coin. Really? The redemption process is so smooth? How do I remember last time... never mind.
View OriginalReply0
MiningDisasterSurvivorvip
· 01-16 06:32
It's another case of ecosystem tokens forcibly enabling features; I've seen this trick before. USDC to USDG, in simple terms, is locking your liquidity. 7% compound interest? Ha, I saw 50% annualized returns in 2018 too, and you know what happened next. Did you check the contract risk? Can the project team run away?
View OriginalReply0
SchroedingerAirdropvip
· 01-16 06:29
It's the same old scheme of ecosystem coins scamming people, swapping USDC for USDG? Just go ahead and trap me in.
View OriginalReply0
ILCollectorvip
· 01-16 06:21
It's the same old trick of ecosystem coins scamming investors. They just change the coin name and dare to promote it externally. I wonder how deep the water is behind this 7% return.
View OriginalReply0
View More
  • Pin