Here it is again—whenever there's a yield gap, everyone rushes in. Their nose for money is sharper than a dog's.
That USD1 playbook is already played out. Now we're just waiting for the next opportunity.
The liquidity at ListaDAO got completely drained—what does that tell you? Can't escape the "arbitrage" game.
On-chain lending hasn't died, just the yields aren't spicy enough anymore. Capital always flows like this.
As soon as the top exchanges roll out yields, these small-time arbitrage plays get instantly obliterated. The market is that ruthless.
What I really want to know is who's going to capture the next clear yield gap in this cycle. That's the real key to making money.
最近有意思的现象——自从頭部取引所が高利回りの理財商品を開始して以来、多くの人がBNBチェーンのListaDAOのような貸付プラットフォームに目を向けている。彼らはBTCB、PT-USDeまたはslisBNBを使ってBNBと組み合わせて担保にし、その後USD1を借りて理財収益に参加している。
結果はどうか？一部の貸付プールの借りられる資産がほとんど奪われ、公式も絶え間なく流動性を補充している。これは何を意味するのか？チェーン上の貸付が本当に冷え込んでいるわけではなく、明らかに儲かる裁定機会が不足しているということだ。一旦明確な収益差が生まれると、資金はすぐに殺到する。市場の嗅覚はいつも非常に鋭い。