2026-01-05 14:22:58

Today I suddenly realized— that set of lending + liquidity mining strategies used by some top exchanges looks very tempting, but in reality, it's just a trap of nested layers.

The logic is very clear: use FDUSD as collateral, lend out funds, then invest in high-yield lending pools. Layer after layer, the annualized yield stacks up to 15% easily. I did a quick calculation—setting the collateral ratio at 80%, putting funds into a liquidity pool with a 13.5% annual yield, after deducting borrowing costs, the net profit is about 1.7%-2%. The numbers are indeed tempting.

But I’ve decided not to touch it.

Why? Every additional layer of leverage increases the risk. Price crashes, liquidation, margin calls—if any link breaks, the entire chain could blow up. These tiny profits can't compensate for the losses caused by a single mishap. My account is now worth $2.27 million, and I haven't touched it; I’ve been holding a flat position for 91 days.

The most painful part is the psychological aspect. Watching the market fluctuate daily, my account balance is over $40,000 less than its peak, even though I know it’s because I withdrew funds, I still feel uncomfortable. That’s the psychology of a retail investor—staring fixedly at the numbers, only wanting them to go up, feeling anxious when they stagnate or retreat.

In the previous coin-backed era, it was okay—just watch whether the coin quantity increases or not. Now, everything is dollar-denominated, and the mindset has completely changed. The same assets, just changing the unit of measurement, can torment a person quite badly.

Recently, the market has been one-sided, and I estimate many people are making a lot of money. Envious, yes, but I sincerely want to say—if you make money, withdraw it. Don’t wait until the end of the year to be forced to "eat dirt." Making money is hard, but protecting your money is even harder.

My investment principle is simple: on an annual basis, never take risks. Learn from Buffett—if you can’t resist, just assume you’ve already gone to zero—this mindset can keep you more stable.

FDUSD-0,01%

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ZenZKPlayer

· 01-08 13:31

2.27 million USD short position for 91 days, truly amazing... Just by looking at this resolve, I’ve already beaten 99% of people. --- Layer upon layer of leverage is just a series of landmines, that tiny interest isn’t worth it. --- This point of valuing in USD is so absolute, switch to another unit and your mindset will explode, I’ve been through that too. --- Make money and run, this saying is so true. How many people end up back to square one by the end of the year. --- Using a yearly framework is brilliant, it’s really just a battle with your own greed. --- Seeing a floating loss of 40,000 USD feels uncomfortable, but compared to those who got liquidated by leverage, I’ve already won. --- The real reason for avoiding high annualized rates is — making money faster than losing it. --- Changing from coin-based to USD valuation, how many people's feelings does that express. --- Buffett’s way of living really lasts long, indeed requiring this kind of resolve. --- Anyway, I don’t understand borrowing and layering, but seeing your approach makes me feel at ease.

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TokenStorm

· 01-07 14:58

2.27 million USD short position for 91 days, this psychological resilience is really tough. But to be honest, I have also analyzed this borrowing and stacking strategy, and a net return of 1.7% compared to liquidation risk is indeed not cost-effective.

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rugpull_ptsd

· 01-06 23:11

Getting sober, but still need to see clearly these leverage traps --- 1.7% returns traded for life, what's the point --- 227,000 in short position for 91 days, truly impressive discipline --- Being dollar-denominated is really a psychological torment; watching the numbers repeatedly plunge makes me feel terrible --- A single spike can eat up half a year's worth of gains, can't even keep track of the calculations --- I just like this honest reflection, no pretenses, more reliable than those who shout high returns every day --- Back then, when it was coin-based, the mindset was definitely different; now it's all about the psychological barrier of USD --- Making money is really harder than saving money, this hits home --- Even if others are making huge profits, I won't follow the trend; this kind of discipline is truly rare

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GasFeeCry

· 01-06 02:09

2.27 million USD held back stubbornly without moving, this mentality is truly exceptional

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YieldWhisperer

· 01-05 14:52

lol the math literally doesn't check out here... 1.7%-2% net after all those layers? that's just inflation with extra steps and a liquidation waiting to happen

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ImpermanentPhilosopher

· 01-05 14:52

91 Sky Warehouse watching $40,000 evaporate, how strong must their mentality be?

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ContractBugHunter

· 01-05 14:42

2.27 million dollars just lying around? I need to learn this kind of resolve, really.

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TokenRationEater

· 01-05 14:41

2.27 million in flat position for 91 days, this mentality is really tormenting haha --- A 15% annualized return sounds good, but it drops to zero after one shot, not worth it --- I just want to ask, can you really hold your account for 91 days without moving... I definitely can't hold on --- This logic is the same as those mining pool scams back in the day, nested layers ultimately are a trap --- Protecting money is indeed ten thousand times harder than making money, this hits the point --- Being dollar-denominated really changes the mentality, I feel the same way. When I look at coin-based valuation, I stay calm --- A net profit of 1.7% can't cover the loss from a single spike, just need to calculate clearly --- Now there are high-yield promises everywhere, honestly, none of them are reliable --- Take profits quickly when you make money, this is true... so many people fall for this last step

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PermabullPete

· 01-05 14:34

Leverage mining is basically using tomorrow's money to gamble on today's returns, and honestly, I can't resist. Holding a 227,000 empty position for 91 days without moving—I've got to admire that mindset. If it were me, I would have already lost control. Is a net profit of 1.7% really worth taking such a big risk? I don't think so. The psychological torment is so true—being dollar-denominated makes it easy to get trapped, constantly watching that number fluctuate. Sometimes doing nothing is the smartest choice.

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