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The market was doing well until 9 a.m., but Trump's remarks extinguished that momentum.
With all sectors declining, holding stablecoins is currently the wise choice.
Bitcoin is in an awkward position right now. In the short term, it's not very cost-effective. It might even drop below that level, giving us an buy the dips.
My largest holding right now is USD1, which I've been keeping in Binance Futures. I just saw a post from @worldlibertyfi that Morpho has launched its first USD1 vault, allowing users to borrow USD1 and use various assets as collateral to earn returns. The current net annualized return is 13%, which is very appealing to me.
Binance's futures contracts offer around 6% returns, while others offer double that. I'm wondering if I should give it a try?
Do you think it's necessary to go through all this trouble with the rabbit?
WLFI
@worldlibertyfi
04-01
USD1 use cases, continued:
→ First @Morpho vault, live
→ First DeFi presence on @Monad
→ Curated by @SteakhouseFi
→ Built by @reservoir_xyz.
That's a lot of firsts. 🦅☝️ x.com/reservoir_xyz/…
Gan
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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