Joy的笔记

#币安双币理财
#币安期权策略

Binance sell put for staggered investment, is it really reliable?

Has anyone in the group experienced it and can share their thoughts?

Currently testing with a small amount:

I have a few doubts:

1. BN's European options are cash settled, not American options. If exercised on the expiration date, do I receive the delivery? Generally, is it through placing an order for delivery, closing the position once received, or do I wait until the expiration date to place an order to buy?

2. If there is a significant drop at expiration, far below the strike price, and liquidity collapses, with implied volatility skyrocketing, will there be any additional losses? Are there other extreme tail risks? Will the actual cost be higher than simply buying (relative to the strike price)?

Looking at the complex derivative tools always instills a sense of awe.

For ordinary retail investors, dual currency wealth management might be simpler and more straightforward, at the cost of accepting Binance's commission which reduces some premium income.

Experts may look down on dual currency, as it lacks flexibility and makes it difficult to combine various supporting tools.

#一周年纪念

It has been a year since the last AMA with the first sister.

Thinking back to a year ago, when Binance was being criticized by a large number of users for not conducting due diligence on listings and failing to fulfill its role in information disclosure, resulting in poor listing outcomes. The peak was the listing, and retail investors ended up getting cut.

When the first sister was doing the AMA, she was tearful.

Many constructive suggestions were raised, including asking Binance to disclose the financial reports (annual reports) of the listing project parties and to provide information on the income and expenditure of each project party.

A year has passed, and I don't know if any progress has been made. @币安Binance华语

#知行合一

The disconnection between knowledge and action is actually a manifestation of insufficient understanding. If one's understanding is sufficiently in place, one would recognize the importance of action and how to motivate oneself to take action.

Many people think their understanding is high, and they attribute their empty pockets to a lack of resources, connections, or funding. In reality, those 'understandings' that are confined to the mind or paper are, to put it bluntly, just a collection of information piled together.

True high understanding is the ability to apply theoretical knowledge and academic achievements specifically in practice.

True high understanding involves quickly trial-and-erroring and continuously iterating after collecting information, sustaining one's efforts through experience.

After all, discussing theories and grandstanding may seem impressive, but only the unity of knowledge and action, and the application of what one has learned, is truly impressive.

#USD1 Wealth Management Phase 1 Yield 2.2 Received

To be honest, there are indeed people who don’t know to put USD1 in contract or leverage accounts to take that 20% Boost yield for free? It’s simply a gift interest coupon!

Roughly estimated, it’s not as much as 19%, after all, there are ups and downs in between, and actuarial calculations don’t make sense.

Being able to steadily earn double-digit annualized U-based returns on Binance is already outpacing 90% of the chaotic opportunities.

Admitting that you can't earn money from market speculation and honestly lying in wealth management to earn interest may be the most comfortable posture to survive the bear market.

#Binance #USD1 #Stablecoin Mining #Low Risk Strategy #被动收入

#TGE tragedy #zama

I am the one who participated in the public offering, the backer $ZAMA.
0.05 winning bid, 0.035 stop-loss cut, and I even lost a large amount on mainnet Gas fees.

Current price $0.031. Public offering price $0.05. After going online, it hasn't even touched the heels of the public offering price, this is what is known as 'the peak at opening, the peak is underwater.'

Fundraising over 200 million, now the circulating market value is less than 70 million. This is not a unicorn, this is simply a meat grinder. The so-called 'fair launch' and 'Dutch auction' from the project party translates to: 'Fairly hanging all ICO participants on the mountain top to enjoy the wind.'

Tearfully summarizing a few 'pitfall prevention guidelines':

Public offering = blind box (most likely empty): Don't blindly trust institutional fundraising amounts. More fundraising only indicates that VCs can also be trapped, or that VCs' costs are so low you can't imagine. Today's public offerings often mean the project party has already exhausted the valuation in the primary market and is directly handing it over to the secondary market.

Pre-market is a mirror of reality: No matter how strong the project claims to be in the future, if the pre-market price is lukewarm, the opening is likely to be a disaster. This is the result of a full game of supply and demand in the market.

Beware of the 'Grand Slam' trap: Listing on major exchanges (Binance/Coinbase) is indeed beneficial, but it is also the biggest window for unloading. Many projects exist just for this moment. When the good news is realized, it is often the day of a crash.

Dutch auction = a meat grinder for retail investors: This mechanism exploits people's herd mentality, pushing you to raise your bid in order to win the auction. True fairness is allowing everyone to acquire tokens at a reasonable low price, not making everyone compete on who gives more.

In summary: The primary market carries risks, and participating in new offerings isn’t even as good as financial management.
In the future, just lying in the blanket of Bitcoin, no one can trick me away.

#ZAMA #public offering #new offering pitfalls #crypto retail investor diary #Dutch auction lifetime black

#你是坚定的持币人 ？

Two months ago, we were still unconvinced, trying to find exit signals on Glassnode;
Two months later, we became clumsy farmers, calculating the cost of sowing on Ahr999.

From "escaping the top" to "dollar-cost averaging", only a few sharp declines in the K-line separate the two. Where are the natural long-term investors? Just a group of speculators humiliated by the market, trying to exchange time for space.

"Holding on" is the dumbest strategy, yet it is the most practical strategy for ordinary people. Since we missed the chance to get off, we must patiently wait to cross the next cycle.

After all, the train to freedom never sells return tickets.

#BTC #HODLer #周期

#币安今天赚多少

#Vault Makes a Fortune Hyperliquid

Hyperliquid's Vault HLP made 18.5 million in one day.

With a TVL of 290 million, the daily yield rate is 6.3%.

This yield far exceeds various financial schemes like grinding Alpha/earning USD1.

The returns are incredible; no wonder CEX isn't innovating, it's going to be revolutionary.

#春节踏马行情

#$I have come

Official media have also participated in the topic, during the Spring Festival, the topic will be repeated, and the market will hype it up.

#wlfi Have you hedged? #币安usd1

Binance usd1 Phase 1 reward (from January 24 to 30) of 10 million equivalent $wlfi tokens will be distributed on February 2 at 6 PM.

The 10 million equivalent of wlfi is calculated based on the closing price market value on February 1. The theoretical price risk is on February 2, and if there is a significant drop, it will reduce the returns.

Dear family, should we hedge the short position or not?
How much should we hedge?

Based on a participation amount of 4 billion usd1, that is a 0.25% return rate,

It means that 10,000 usd1 is expected to reward 150 to 200 wlfi tokens on February 2.

#polymarket Federal Reserve Chairman
Are we picking up money?

Is this a no-brainer money-making opportunity, everyone?
Are there any pitfalls? I have invested.

#Don't try to mediate, we're here to make a scene, arguing is healthier

While watching Binance and OKX bicker, we should actually think more about the industry's endgame.

As a retail investor, my stance is clear: I don't want to see any party in an absolutely weak or absolutely strong position, nor do I want to see any party having absolute dominance.

Business history has repeatedly proven that absolute monopoly is the graveyard of innovation and the darkest moment for user experience. If Binance has no competitors, it will lose the drive to evolve; the dragon-slaying youth will eventually turn into a dragon, and the ones who pay the price will be us retail investors who no longer have a choice. Therefore, I hope OKX/Bitget/Bybit will strive in their own ways to seize market share; if the industry loses its checks and balances, the market's tolerance and liquidity will also be greatly diminished.

The Crypto world we long for should not be a colossal behemoth overshadowing everything, but rather a rich tropical rainforest with diverse species, where a hundred flowers bloom.

For retail investors, the 'Nash equilibrium' between the giants is the optimal solution. Only when they are forced to 'involution' in order to compete for users—whether it's asset quality, product experience, or user benefits in wealth management or quick profits (Launchpool/Jumpstart)—can we gain the maximum dividends in the cracks.

So, let the bullets fly a bit harder. As long as the table isn't overturned, the anxiety of the giants is the blessing of retail investors.

Additionally, bosses, let's have some practical benefits, users vote with their feet and support!

#Binance #OKX #Crypto #LongTermism #AntiMonopoly

#Usd1 Binance points event 12 million WLFI rewards Have you participated?

#Reviewing that value "500 USDT" button, I actually forgot to press it

Are there friends in the group like me who have lost "500 USDT" in the past two days?

Because I missed the "Participate Now" button for a Binance event, the planned BTC buying volume was directly lost, missing the opportunity to share 12 million WLFI.

This is not just missing the opportunity to share 12 million WLFI; it is an affront to the dignity of a "qualified profit seeker"! It's like you meticulously calculated all the discounts for this Double Eleven, only to find out at checkout—no coupon was claimed.

I provided the trading volume with my hard-earned money, yet waved my sleeve and left without a single point...

#zama

#Zama February 2nd opening will face a "break-even" defense battle?

Predicted opening price around 0.06, with a market cap not exceeding 100 million.

Pre-market data: According to Binance and other pre-market trading data, Zama's pre-market price has recently fallen below the public offering price of 0.05, trading around $0.043.

Total token supply of 11 billion, predicted opening FDV 700 million, with a market cap within 100 million.

Currently, ZAMA's opening looks like a grand slam.
OKX X Launch/Binance Pre-TGE have all launched activities, and OKX/Binance spot is now up.

The project has raised 130 million (B round valuation: over 1 billion USD (which means institutional cost is around $0.10), with a public sale at the end of January raising 55 million (remaining 2.2 refund)
Given that the project team holds $180 million in cash, they are fully capable of supporting the price around $0.05 (public offering price), maintaining the opening market price around 100 million, making it difficult for the public offering to break down too badly, which would affect the project's subsequent staking path.

On the financial side, the project team has this strength;
but any project fundamentally relies on the character, vision, and capability of the project team's members in the long run.
Having financial strength alone is not enough; let time reveal the true nature of this group of academic scientists.

correct

#SolvProtocol

#SOLV Team's Ransom Style

This is the most significant signal that a project has entered its harvesting period—the team no longer cares about reputation, only about even the slightest increase in TVL to maintain the illusion.

This is the Solv reward for participating in the SOLV OKX wallet mainnet event at the beginning of 2025, with 2 phases (2 months of rewards, 3000U rewards at the peak of the coin price) that were forgotten to be claimed on time. Attempts were made to inquire in the DC group about the possibility of claiming them.

Initially, the team replied that a group resending would be done for those who missed out, and during this time they repeatedly asked for private messages and work accounts, ultimately resulting in a ransom...

Missing the monthly claiming window for the OKX event, logically, expired tokens should either be destroyed or returned to the treasury. Since the project party promised a “unified resend,” this was originally a matter of goodwill; however, they have now changed their stance and require staking BTC again to claim, which has turned into a transactional ransom. This exposes the extreme pressure of KPIs within Solv or the risk of team style exposure. Taking rewards that originally belong to users and using them as bait to deceive TVL.

Current price (2026.01.31): $SOLV price at $0.01

Severe decline: Compared to the peak in 2024-2025 (which once reached over $0.20 and even higher expectations), the decline exceeds 90-95%. The market capitalization is only $15 million. FDV $100 million.

Potential assessment: Extremely low.

Market Cap/TVL Inversion: Solv claims to have billions in TVL Defill, but the market cap is less than $20 million. This indicates that the market does not recognize the value that the $SOLV token can capture for the protocol. The token is merely “mining waste” (emission rewards), produced just to be sold, without even a semblance of a staking function.

Selling pressure: Early investors (such as Binance Labs, Blockchain Capital, etc.) and the team's share are extremely large. In such a low market price situation, any increase will be countered by the unlocked chips being thrown back to the original form.

#usual

#From Golden Shovel to Zero Coin Usual

Families who need to unlock in advance, don't forget the time window, from January 27 to February 2

Current price (2026.01.31): approximately $0.021 - $0.026.

Historical high (2024.12): approximately $1.60 - $1.62.

Decline: down over 98% from the historical high, and also down about 95% from the $0.41 level at the beginning of 2025.

Usual claims to be backed by US Treasury bonds (RWA), but users ask: "Why don't I just go to Coinbase to get 5% interest on USDC in a savings account, or buy BlackRock's BUIDL, instead of risking detachment to earn a bunch of governance tokens that are about to go to zero?" This question has yet to be answered by Usual.

Conclusion: Usual has almost no potential for a turnaround and is gradually becoming a 'zombie' asset.

Why is there no potential?

1. Crowded track: The stablecoin track is a winner-takes-all. Tether (USDT) and Circle (USDC) occupy 80-90% of the market share, while Ethena occupies the 'high-risk, high-reward' ecological niche. Usual is stuck at the low end: it is neither safe enough (with liquidity loss risks) nor profitable enough (coin price collapse).

2. Token economics failure: $USUAL is purely a 'governance token'. In a bear or volatile market, governance tokens without dividend rights are worthless. The team has frequently changed governance rules, losing user trust and faith in future vision.

Possible turning point:
If the FDV drops to an extremely outrageous level of 30 million (currently FDV 60 million), or even below the liquidation residual value of its treasury, there may be giant whales engaging in mergers or restructuring speculation. But this is no different from gambling.

Usual is a typical 'issuing tokens for the sake of issuing tokens' RWA project. It complicates the simple act of buying US Treasury bonds, kidnapping user liquidity through a complex lock-up mechanism ($USD0++) and ultimately leading to the collapse of the entire incentive system due to the value return (zero) of the governance token $USUAL.

It's been too long since I brushed up on the rules, I won't brush up tonight. It won't take effect until 2 PM tomorrow. There's no time left, I'm completely resigning...

#币安Booster活动

#Binance Alpha has gone bad...

Binance has gone bad...
@binance This time deliberately punishing these lazy eggs, those lazy eggs who haven't brushed Alpha.

Exactly 60 points, haven't brushed in the past month, just one point short of qualifying for 61 points.

Lazy eggs are not worthy of having wealth management...

Let's brush a little tonight... then tomorrow morning, let's see who has the fastest hands.

Two weeks ago, when I pressed the buy button, I hesitated because of the fear of "chasing high". Looking back two weeks later, my account shows a floating profit of 45%.\n\nIn the face of real super trends, all "resistance levels" are just excuses for psychological cowardice...\n\nMany people try to prove their rationality by fearing the "top", but the market only rewards those who express humility by following the "momentum".\n\nWhether it is silver or something else, when enormous momentum forms, what we need to do is not to question "why", but to hold on tight and let the bubble grow.\n\nGoing with the trend is the greatest form of respect.🚀\n\n#Silver #InvestmentPhilosophy #趋势交易实战

The interest on borrowing coins is much lower than 20%