Day 91 of exiting the market, now the fund account has reached 2.27 million U.

Recently, I pondered a question—the lending module of a top-tier exchange wallet is actually interesting. The activity yields can offset lending interest, and depositing also yields extra returns. For example, using FDUSD as collateral can yield about 4.5% annualized. If you lend out 80% of the limit into SUSDD with a 13.5% annualized return, the profit can be 1.7-2% higher than just holding SUSDD, ultimately reaching 15-16%.

Theoretically feasible, but I wouldn’t actually do it. Adding an extra layer of lending risk just for that annualized return—just one liquidation or slippage and it’s all gone. To put it plainly, each additional step adds another layer of risk. Those projects that blow up often do so layer by layer, with participants always thinking it won’t go wrong, but a small flash crash gets them liquidated.

I’m still watching from outside the market. I still need 44,961U to break even and start making profit. At the Ant Move pace, it’ll probably take another two months. Honestly, sometimes I really want to jump in and eat a big chunk and then run, but I’m holding back.

Interestingly, the timing of exiting actually turned out to be the peak. Although later I lost some account limit due to a small loss, in terms of USD it actually earned over 40,000 dollars. It just feels off seeing the balance lower than before. This psychological aspect is interesting—before, fluctuations of one or two million didn’t feel this way, but now as long as the number doesn’t go up, it feels uncomfortable.

Thinking carefully, it might be a shift from coin-based to USD-based mindset. Before, I only looked at whether the coin holdings were increasing; now I focus on whether the USD account can keep rising. This is a psychological trap that can easily turn you into a leek.

Recently, this one-sided market has probably made everyone a good profit. Remember not to be too greedy—take profits when you can, and avoid heavy losses before the year ends. Making money is hard, but preserving wealth is even harder.

My strategy is simple: certainty and safety first, profit always second. Learn from Buffett—calculate returns on an annual basis, never take unnecessary risks. If you can’t hold back, you might end up zero, so you need to be steady as an old dog.