Lazy Man’s Financial Management Guide | Huma 2.0 reopens; BounceBit launches USD1 incentive campaign (June 9)

Original | Odaily Planet Daily ( @OdailyChina )

Author: Azuma ( @azuma_eth )

This column aims to cover the low-risk return strategies based on stablecoins (and their derivative tokens) in the current market (Odaily Note: code risks can never be ruled out) to help users who hope to gradually increase the scale of funds through U-based financial management to find more ideal interest-earning opportunities.

Previous records

Lazy mans financial management strategy | Movement gives out 250 million MOVE incentives; Bearchain leader Infrared launches points plan (April 28) ;

Lazy Financial Management Guide | Falcon Finance lifts whitelist restrictions; Ethena Season 3 airdrop collects rice (May 6) ;

Lazy financial management strategy | Resolv airdrop requires timely registration; Backpack introduces treasury bond income (May 13) ;

Lazy Financial Management Guide | How to efficiently capture Huma Phase II airdrops; SOL tokens can also be used for PT revolving loans (May 27) ;

Lazy Financial Management Guide | Ripple is giving out RLUSD incentives; Electric led the investment with an annualized rate of 22% + new mines launched (June 4) ;

New opportunities

Huma 2.0 Restarts Deposits

Huma Finance officially announced last week that Huma 2.0 will reopen deposits at 10:00 UTC on June 10 (18:00 Beijing time). HUMA staking users will be able to make deposits 24 hours in advance, with the deposit amount being the number of HUMA staked divided by 25 - that is, $0.04 can be deposited for every HUMA staked.

In the article on May 27, we mentioned that Huma officials have determined that they will take a snapshot of the second quarter airdrop three months after the TGE, distributing 2.1% of the total supply (5% in the first quarter), so there is still a high value to participate.

However, some readers reported that they could basically no longer make deposits due to quota issues. The temporary solution we provided at the time was to directly buy PST in the secondary market (that is, the interest-bearing deposit certificate obtained after depositing stablecoins in Huma). However, doing so would limit the scale of funds and cause certain wear and tear. Therefore, after the reopening this time, users will be able to make deposits more directly.

In addition, the RateX LP strategy mentioned in the previous article is still effective. After all, it is better to get two benefits at once.

• Huma Portal: https://app.huma.finance

• RateX Portal: https://app.rate-x.io

BounceBit USD1 Incentive

Last week, BounceBit announced that USD1 has been launched on the network and will launch a 30-day incentive campaign to provide deposit users with a 15% APR during the campaign, but there will be a deposit limit of US$1 million.

The deposit window will open at 19:00 Beijing time today. Users interested in participating can set an alarm in advance.

Cove Mining

Cove, a one-click on-chain portfolio management protocol that received $3 million in investment from Electric Capital, Accomplice, Robot Ventures, Daedalus and other institutions last year, has recently gone online and opened deposits.

Currently, you can earn 8.08% APY by directly depositing into the coveUSD pool. In addition, the team has made it clear that you can get COVE rewards by depositing into the pool, which indicates a clear double-edged expectation.

However, deposits in Cove will be charged a 1% management fee, so only users who are willing to make long-term deposits are recommended to participate, otherwise they may not be able to make ends meet.

• Portal: https://app.cove.finance/vaults