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I bought 5,000 USDT worth of XAUT on Gate, with an annualized return of 23.07%.
XAUT is a stablecoin pegged to physical gold, fluctuating with international gold prices. Earlier this month, the gold price dropped from 5,460 to around 4,430. Many group members joked that crypto brothers are once again buying gold. I’m not sure if the gold price will fall further, but I used some funds I can afford to buy some on Gate, trying to bottom out and take advantage of the high annualized yield.
Hope I succeed in bottoming out, and blessings to my brothers.
The activity is in Gate Exchange’s YuLiBao flexible financial management. The total prize pool is 50,000 USDT, with daily payouts until the prize pool is exhausted.
This financial product is flexible, and you can redeem at any time. About 3 USDT daily return on 5,000 USDT. Cautiously participating due to concerns about a decline in XAUT’s native currency.