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Lately, there hasn’t been much I wanted to open. U just sits there in my account in idle mode, and it honestly hurts to watch.
I swapped some USDT into USDGO to earn annualized interest: 12% on an on-demand/current-style basis. Just leave it there. It’s been almost three weeks now, and it really feels better than letting the money lie around doing nothing.
My position has another layer of earnings as well—no extra action needed—up to 6% depending on my VIP level. With these two layers stacked together, even though I won’t get rich, at least the money isn’t idle in a market like this.
Just saw that PoolX has launched another USDGO pool, sharing rSPCX, and the APR is pretty high.
Anyway, USDGO was already sitting there earning interest. I just tossed in a bit more on the side for an extra gain—the deadline is the 28th.
No need to worry about exchange “wear and tear” from slippage: if you hold it for more than 14 days, the platform will make up the slippage, effectively a 1:1 swap.
I used to keep hesitating to switch back and forth because I was afraid the slippage would eat into the interest. This subsidy basically resolves my mental knot.
In a bear market, not losing is winning. I’ll have the pork-knuckle rice first, and we’ll talk again when the market turns.