Today during the live stream, I was asked by my brothers about my losses in WLFI at that time, and whether I can still short now. As someone who has been through it, I advise him to be kind. Because the popularity of USD1 is increasing, and as the tide rises, all boats rise. At this stage, I feel that USD1 is about grabbing with both hands, and both hands need to be strong. The left hand is Bonk, the official launch platform for USD1, controlling the token supply side, and the right hand is Raydium, the official DEX for USD1, controlling the liquidity infrastructure. Moreover, the three of them have now jointly launched the Project Wings plan, with over a million dollars in USD1 trading rewards, where you can get up to 60% of the transaction fees refunded. This "launch → trade → reward" closed-loop design allows USD1 to have very good liquidity right now, so not doing anything is the best choice! Some coins can be shorted at any time, while others indeed need to be approached with...
What kind of divine gameplay is this?
WLFI + BONK + Raydium teamed up for trading fees on WLFI buy orders?
By the way, is the stablecoin sector this competitive now? It seems like the ordinary method of fee subsidies is directly making USD1 more valuable than other stablecoins.
In the past, spending 1U in the SOL ecosystem meant you spent it, but now the fees are given back to you as change. Did WLFI use my lost money to pay for liquidity in the SOL ecosystem?
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