#流动性环境 The market has been a bit dull lately. While browsing, I suddenly came across Plasma's liquidity mining activity, and my eyes lit up 😍
I heard that XPL shot up to $1.6 when it launched, and you could still get a $220 airdrop. This move is really quite aggressive. But what interests me most is the mining opportunities behind it—the PlasmaUSD Vault can have an annualized yield of up to 34%, with daily rewards of $1.4 million. That number is a bit shocking, isn't it?
I went through the process clearly, and it's not that complicated: first, use Stargate to cross-chain USDT to Plasma and turn it into USDT0, then choose a suitable mining pool to deposit into. Merkl's dashboard even allows real-time viewing of earnings, so I don't have to be confused 🔍
However, I am also a bit conflicted—these mining pools have quite different yields. The 34% from PlasmaUSD looks attractive, but I heard the main reward pool only lasts for 3 days; Aave, though slightly lower at 21%, allows for withdrawal at any time, which feels more secure. Fluid's 24%-25% yield also looks good, but the interest rate might fluctuate, which is a bit risky...
Can any experts give some advice on how a newbie should choose? Should I go for the highest yield or prioritize safety? Also, is the cross-chain step going to be very complicated 🤔
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#流动性环境 The market has been a bit dull lately. While browsing, I suddenly came across Plasma's liquidity mining activity, and my eyes lit up 😍
I heard that XPL shot up to $1.6 when it launched, and you could still get a $220 airdrop. This move is really quite aggressive. But what interests me most is the mining opportunities behind it—the PlasmaUSD Vault can have an annualized yield of up to 34%, with daily rewards of $1.4 million. That number is a bit shocking, isn't it?
I went through the process clearly, and it's not that complicated: first, use Stargate to cross-chain USDT to Plasma and turn it into USDT0, then choose a suitable mining pool to deposit into. Merkl's dashboard even allows real-time viewing of earnings, so I don't have to be confused 🔍
However, I am also a bit conflicted—these mining pools have quite different yields. The 34% from PlasmaUSD looks attractive, but I heard the main reward pool only lasts for 3 days; Aave, though slightly lower at 21%, allows for withdrawal at any time, which feels more secure. Fluid's 24%-25% yield also looks good, but the interest rate might fluctuate, which is a bit risky...
Can any experts give some advice on how a newbie should choose? Should I go for the highest yield or prioritize safety? Also, is the cross-chain step going to be very complicated 🤔