Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The arbitrage opportunity with USD1 is actually quite interesting. Recently, in the simplified financial products of a major exchange, the fixed annualized return for USD1 can reach 20%. If you have SolvBTC, you can also enjoy an additional 6.3% yield.
The specific approach is as follows:
Use SolvBTC to borrow USD1 from ListaDAO, with an interest rate of about 5%, then deposit the borrowed USD1 into a financial product on a major exchange.
Alternatively, another route is to use SolvBTC or xSolvBTC to borrow USDT (annual interest about 5%) or USDC (annual interest about 3.9%) from the core pool of Venus Protocol, then exchange the borrowed assets into USD1 and deposit them.
Here's a detail: the trading price of USD1 and USDT is approximately 1.002, meaning USD1 has a 0.2% premium. Calculated, the actual annualized return is about 17.6%.
Subtracting the 5% borrowing cost, the net profit is approximately 12.6%. When converted to SolvBTC valuation, at a 50% collateral ratio, this is roughly a 6.3% return.
This activity cycle lasts 30 days. If you want to participate, now is the time.