Recently, I have been helping some second-generation factory owners in China to arbitrage between RMB and USD stablecoins. To be honest, it's quite popular. With the recent appreciation of RMB, you can buy U on July 12th and deposit it on various platforms. The RMB loan interest rate is around 3% due to the factory mortgage. If you take out U and deposit it on the platform, it usually costs more than 6%. I recently experienced BitgetWallet's "stablecoin wealth management Plus", and to be honest, the experience was quite surprising. With an 18% stablecoin annual interest rate, I don't even need a bicycle, especially when watching the interest jump to my account in real time, it feels like there is a small machine in my wallet that will automatically dispense money. Profit comparison: On chain>Bank Let's talk about profits first. BitgetWallet has achieved an APY of 18% in its first year, which I haven't seen much of on chain, CeFi, or TradFi. 10% of it comes from the Aave lending agreement, which is genuine on chain interest and transparent. The other 8% is self subsidized by BitgetWallet, just like subsidizing wool pulling. The interest can be seen every day and deposited at any time. Compared to current banks: I checked the fixed deposit interest rates of banks in Taiwan/mainland China a few days ago, and most of them are annualized at 1.3% -2.2%; Even if you go to the United States to deposit US dollars, the top limit is still 4% -5%. So, Bitget's 18% is turning traditional wealth management into a waste in seconds. Even if the portion exceeding 10000 USDC drops to 5.57%, it is still higher than the bank's level. Zero threshold experience When I was testing, I put some idle money in and there was basically no threshold. I could start investing with 1 USDC without whitelisting, VIP status, or being eligible for the "Wealth Despair Chain" card by the exchange. Perfect for people who have nowhere to put their leisure time. For example, I usually have thousands of U lying in my wallet, which is also dead money. Now, if I throw it into Wealth Management Plus, I can at least see some returns every day. Explosive flexibility This is also my favorite. There is no lock up! To redeem, simply click on the page. It's much better than some CeFi products I bought before, those 30 day and 60 day lock up periods. When the market is urgent and I can't come out with money, I can only stare blankly. This is like a 'current high interest financial management' that can be used on demand. Overall, based on my personal experience, I tried to reach a minimum of 10000 USDC in the first week because that portion was actually 18% meat and the platform was still offering subsidies. Beyond that, it depends on individual needs, and 5.57% is also quite good, completely stored as a current account on the chain. Whether beginners want to test the waters or veterans want to spend some idle money to subsidize, this product has a high cost-effectiveness. More fragrant than bank deposits, and more flexible than traditional wealth management, not wasting money.