Today I collected the KITE mining rewards, and my mood is a bit complicated.



The overall market has been underperforming these past two days, and KITE didn't show much movement at open—although both Korean exchanges went live simultaneously, making the scene quite lively, but with a $800 million FDV on the table, honestly, it's not cheap.

My investment isn't small: triple-digit BNB principal, plus I borrowed 700,000 USDC. In the end, the gross profit was $762, minus $155 in interest, for a net profit of $607.

Sounds decent? But a closer look is shocking: the annualized return on BNB is only 10%, and it's even worse for USDC—after deducting 4% interest costs, the effective annualized return is only 6%...

It's truly getting worse year by year. But on the other hand, having something is better than nothing; even a small gain is still a gain. I'll keep participating.
KITE-10.59%
BNB-7.22%
USDC0.04%
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0xDreamChaservip
· 11-03 15:55
Suckers army never resists pressure
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FlatlineTradervip
· 11-03 15:42
Might as well bet everything on bil
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NftDeepBreathervip
· 11-03 15:37
Making a little money is also nerve-wracking.
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GateUser-1a2ed0b9vip
· 11-03 15:36
Run away immediately
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GasFeeCryvip
· 11-03 15:32
Do such a big FUD to yourself?
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