There is a very obvious phenomenon in the current market, that is, the serious polarization of the user group - some people are participating in the primary market, some are chasing the hot spots in the secondary market, some are 'All In' on AI Agent, some are playing Layer1 other than SOL and ETH, and some are mining.
But I have to say that although mining in a bull market is not as exciting as trading, the returns are still quite considerable, such as the $M3M3 LP pool on Solana and the $USD0 pool on Pendle.
Today, I want to talk to you about an earning opportunity on BSC - @AstherusHub.
Currently, the TVL of Astherus asBNB is $35M, with an APY of 31.47%.
Let's take a look at the revenue composition of Astherus asBNB⬇️
1. Revenue from Binance Launchpool and other BNB-related activities (such as Hodler Airdrops) (34.17%) + inherent liquidity staking revenue of slisBNB (1.43%)
P.S. The distribution process of Hodler Airdrops: ListaDAO receives the relevant tokens and then exchanges them all for BNB and sends them to Astherus, and Astherus then exchanges the BNB for asBNB and sends it to the users. Users need to claim it on the Astherus frontend.
2. AU Points (now minting asBNB can get 10x AU Points multiplier)
3. ListaDAO Airdrop (1 dollar worth of asBNB can get 19 stardust, the stardust acquisition efficiency of asBNB is higher than that of slisBNB, which is 15 stardust/1 dollar)
In addition, Astherus also has a stablecoin product $USDF (1:1 exchange with USDT). USDF is similar to Ethena's USDe, with the revenue source being the fee income from short hedging. The AU Points multiplier of USDF is 5x, with a 30% APY.
Here's an additional note, during non-Launchpool periods, users can mint asBNB immediately. If minting asBNB during the Launchpool period, users need to wait until the Binance Launchpool rewards are distributed + the asBNB NAV is updated, which is about 3-5 days after the Launchpool rewards are distributed, but users can still get AU Points during the waiting period.
Let's also take a look at the introduction and background of the Astherus project⬇️
P.S. Astherus received strategic investment from Binance Labs on November 28.
Overall, BSC is still following the Ethereum model, from the basic DeFi configuration to LSD liquidity staking, and then to Eigenlayer reStaking, layer by layer. Currently, the core of BSC is still PancakeSwap and ListaDAO. ListaDAO's expansion of BNB is in the form of liquidity staking, and Binance Labs' investment in Astherus is to promote BNB's reStaking, which is also a layer-by-layer approach. By the way, we can look forward to Pendle's support for Astherus points in the future.
Thena is the ve33 on BSC, and whether it can rise is related to the prosperity of the chain's ecosystem, or the cabal can also drive the development of the ecosystem by pumping the ve33 token (such as $AERO of Base). So whether $THE can rise in the future depends on whether the BSC ecosystem can develop, or whether Binance has the motivation/incentive to drive the prosperity of the BSC ecosystem by pumping $THE. Binance's actions also reflect its attention to the BSC ecosystem, such as listing BSC tokens. Therefore, I am still quite optimistic about the performance of $THE in the period from the end of this year to the first quarter of next year.
Finally, let me give a small advertisement for my paid group, which currently has about 450 members. It is jointly operated by me and Mantou, with me mainly responsible for research and fundamentals, and Mantou mainly responsible for the secondary market and on-chain memes. We both keep an eye on Alpha content. The price is 3SOL/year.
TG Channel: https://t.me/SleepinRain
Reading List: https://docs.google.com/spreadsheets/d/1JSmI-YDvbdxXJ1Tud2sK8mly33zh1VmcH8i5wUgSYs0/edit?usp=sharing
Quality CT Information Flow: https://x.com/i/lists/1795371206344130752
