The level of competition throughout the entire crypto market is becoming more and more extreme.

In spot trading, it’s very hard to consistently achieve stable returns. Altcoins, in particular, have long lacked a decent, proper market trend. More and more people have turned their attention to digging deep into low-risk, “lie down and earn” paths to make passive income.
Over at Gate, USD1’s ecosystem has been quietly brought to fruition.
The USD1 staking channel is officially live. At present, the highest annualized staking yield has reached 13.41%. For earning interest by holding coins, the maximum annualized rate has now been adjusted to 8%.
The overall annualized rate isn’t fixed—it depends on how much remains in the rewards pool and the dynamic down-adjustment of positions. The earlier you enter, the smaller the volume you’re competing with, so the interest you receive is naturally higher. As more and more people come in later, the annualized rate will definitely be diluted and go down. The “bonus period” is right in front of you—this very wave.
At this stage, Gate’s overall USD1 total position size has already surpassed $908 million.
Actually, the logic is especially easy to understand: in a bull market, everyone is busy chasing price increases, competing to profit from the rise in gains. When the market is range-bound and consolidating, holding cash and collecting interest is better than anything else.
Nowadays, there are actually many opportunities in the crypto space. It’s just that everyone’s attention has been pulled away by the dozens of times or even tens of thousands of times rally gains. A traditional bank fixed deposit’s annual interest rate is less than 2%, but in the crypto space, it’s still possible to achieve steady compound returns.