Today, I accidentally discovered that a leading platform has launched an on-chain interest-bearing product - depositing $BTC can get 2.5% annualized. I have been lying in the current account to eat ash before, which is basically equal to zero return, and this time I studied it carefully.
The technology behind it is Babylon. This project should not need to be introduced, right? The leading player in the BTC staking track, the token has also recently landed on mainstream exchanges. This time, the gameplay is: you deposit $BTC, and the reward is $BABY tokens, not directly giving you more Bitcoin.
For a long-term holding party like me, it is better to let it move anyway.
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.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
HypotheticalLiquidator
· 8h ago
The 2.5% annualized ratio sounds comfortable, but the reward is the baby token, so be careful that the health factor is secretly rubbed down.
The most feared thing about currency interest is the moment when liquidity is exhausted, and the liquidation price will be triggered every minute.
The baby began to smash the market on the exchange, and your income may be eaten up by currency price fluctuations.
Although Babylon is the head, don't forget that BTC staking is also a new track, and no one can say when the dominoes will fall.
Instead of letting the coin "move", it is better to ask when the systemic risk will come.
Looking at the high returns, in fact, the gambling platform does not thunder, and the betting market does not turn, I don't dare to accept this transaction.
How fast is the baby distributed? What is the borrowing rate? These data are not clear, and I will never put them in it.
The common problem of holding the party for a long time: thinking that it is safe to let it go, but in fact, the risk has never disappeared, just in a different form.
View OriginalReply0
BackrowObserver
· 8h ago
2.5% is really stuck, I'm still hodl
Can Baby be stable in this wave, I feel the smell of cutting leeks
Babylon is really good, but I always feel that I am losing money when it comes to currency swaps
It's better to eat ashes than to be routined, I'm conservative
Wait and see if there are any higher returns, don't rush this wave
View OriginalReply0
TokenomicsDetective
· 9h ago
2.5% is okay, but the risk of baby coins has to be pondered
View OriginalReply0
MysteryBoxAddict
· 9h ago
Uh, Babylon is coming to cut leeks again this wave, right?
---
It's not Bitcoin that directly earns interest, and it's a bit of a response to issuing baby coins
---
The 2.5% annualized rate is not as good as my direct hodl and other appreciation
---
Long-term holding party said that it is okay to put the coin, why toss
---
Isn't the risk of baby coins a bit big... this
---
It is both staking and interest, and the routines are one after another
---
It's better to eat ashes than to be lost by routines, haha
---
I haven't heard about Babylon's online mainstream office
---
Wait, the rewards are all other coins not BTC? Something is wrong
---
You have to take risks to do this, or hodl is more practical
Today, I accidentally discovered that a leading platform has launched an on-chain interest-bearing product - depositing $BTC can get 2.5% annualized. I have been lying in the current account to eat ash before, which is basically equal to zero return, and this time I studied it carefully.
The technology behind it is Babylon. This project should not need to be introduced, right? The leading player in the BTC staking track, the token has also recently landed on mainstream exchanges. This time, the gameplay is: you deposit $BTC, and the reward is $BABY tokens, not directly giving you more Bitcoin.
For a long-term holding party like me, it is better to let it move anyway.