What other ways can you make money when the market is boring? OpenSea will launch the SEA token, and there are too many CZ dogs' broccoli

Source: Talking about Li and Talking about the Outside

Recently, the market has been relatively dull overall, but in any market phase, there are actually ways to make money, and many methods are suitable for ordinary people. You just need to choose based on your personal interests and risk preferences, as well as whether you can invest time and energy to ponder, research, and experience.

For example, besides long-term trading or short-term swings based on spot trading, you can also consider participating in:

1. AirDrop

Recently, there have been many projects issuing airdrops. Some of the projects mentioned in our article a few days ago seem to have brought good returns to many friends recently. However, don’t just envy others who received airdrops. What you don’t know is that while you are scrolling through social media watching entertainment, others are investing a lot of time, energy, and skills (such as using batch harvesting tools) to engage in various project interactions.

To put it bluntly, some results are reserved for those who are prepared and have put in the effort, not for those who wait for others to feed them or hope for windfalls. As for how to participate in airdrops, there are already many aggregation platforms that have organized this for us, including various potential airdrop projects and corresponding participation guides or tutorials, as shown in the figure below.

Alternatively, if you have plenty of energy, you can also consider exploring potential airdrop projects yourself on platforms like X or creating your own exclusive AirDrop Lists, as shown in the figure below.

However, participating in airdrops requires not only time and energy but also a certain level of patience. For example, some projects may take you a year or even two years before you might have the opportunity to receive an airdrop.

2. Wealth Management (including Farming)

If you are not yet familiar with on-chain operations and are afraid of losing or having your assets stolen during on-chain operations, it’s simple: you can directly participate in simple wealth management in large exchanges like BN or OK, as shown in the figure below.

Of course, my personal suggestion here is still the "don’t touch what you don’t understand" basic principle mentioned multiple times in previous articles. I only recommend low-risk wealth management targeting stablecoins, or you can also consider blue-chip assets like BTC, ETH, SOL, etc. Don’t casually buy small coins that you don’t understand or can’t comprehend to earn so-called high annualized returns; otherwise, the decline in coin prices will be enough to make you uncomfortable.

If you are already familiar with on-chain operations, then your options become very numerous. For example, based on further familiarity with the Pendle protocol, you can easily lock stablecoins to earn an annualized return of around 15%, as shown in the figure below.

Or you can continue to explore higher-yield protocols or combinations on-chain, as shown in the figure below. But also be mindful of risks; try to choose protocols you understand or larger pools. Otherwise, if you encounter a project that rugs or is supposedly hacked, you may not be able to recover your assets.

Additionally, when conducting dual-coin combination wealth management on-chain, you may also need to pay attention to the issue of impermanent loss (IL). These all require you to learn and research on your own and be responsible for your wallet. Generally speaking, at this stage, achieving an annualized return of 20-30% on-chain is actually quite good.

3. Short Sale or Arbitrage

I’ve noticed that many people have recently taken a liking to short selling, especially targeting those altcoins with high FDV that are about to be listed (or have been listed) on major exchanges. Of course, whether shorting or going long, these operations are relatively high-risk compared to the above methods, and the basic principle of "don’t touch what you don’t understand" still applies.

For example, a few days ago, a friend shorted the newly listed LAYER on BN and seemed to have suffered a loss. Of course, this might be because Wintermute (reportedly the market maker behind LAYER) didn’t play by the rules, causing some long positions to also incur losses.

However, some clever friends took advantage of the high funding rate of LAYER to conduct some funding rate arbitrage operations (which can be seen as a delta-neutral strategy). We have introduced the concept of funding rates in previous articles; here’s a brief summary:

A positive funding rate indicates that the trading price of perpetual contracts is higher than the spot price, requiring traders holding long positions to pay fees to those holding short positions, which is a cost they might be willing to bear. The opposite is also true.

However, I want to remind you again that short selling/arbitrage should be considered based on your personal preferences, as many new altcoins have high volatility, and you may face liquidation risks. Be sure to manage your risks well, and if you decide to try, use low leverage.

In addition to the few methods listed above, you can also try participating in activities like new token launches, which generally offer stable returns. For example, last night (February 14), I noticed that many friends in the group participated in the myshell activity in the BN wallet. Those with existing BNB directly deposited to participate, while those without BNB could borrow BNB from protocols like Venus to participate (Borrow APY is about 3%). Some friends even managed to do long + short + deposit simultaneously to maximize their gains… Anyone who participated in this activity yesterday basically earned $200-$400 in rewards.

In short, there are always various ways and opportunities to make money in this field. As long as you can calm down to learn and research (don’t fantasize about hitting it big overnight with some random project), you will find it easier to achieve results than most people. Think about 1-3 things you want to focus on and try to do them better than others.

Having briefly discussed some ways to make money, let’s continue to look at some noteworthy or interesting events from the past two days:

- OpenSea Denies Airdrop Rumors and Officially Announces Token Launch

Recently, many people seem to be keen on researching OpenSea airdrop rumors, and there have been claims online that KYC is required to receive the airdrop. However, OpenSea CEO Devin Finzer clarified a few days ago (February 10) that the rumors circulating online are not true (This is all completely false), as shown in the figure below.

Despite ongoing denials and clarifications, OpenSea launched a points system (experience points system) last month, as shown in the figure below. This XP system is something that many who engage in harvesting often encounter, and it is one of the reasons many speculate that OpenSea might launch a token this year, as shown in the figure below.

As people speculated, yesterday (February 13), OpenSea officially announced on social media that they will soon launch the SEA token, as shown in the figure below.

- Trump Family-Supported WLFI Launches Cryptocurrency Reserve Macro Strategy

The core idea of this reserve strategy is that they claim it will help the DeFi platform achieve asset diversification, aiming to invest in innovative projects, support ecosystem development, and seize emerging opportunities in the DeFi space, as shown in the figure below.

In fact, we have mentioned WLFI a few times in previous articles. Today (February 14), they bought WBTC and ONDO tokens again, as shown in the figure below.

- Altcoin ETF Applications Proceeding in an Orderly Manner

First, Cboe BZX proposed to add staking functionality to the 21Shares Core Ethereum ETF (allowing ETH to be staked), becoming the first ETF to submit a request to the SEC for staking approval, as shown in the figure below.

Secondly, the SEC has recognized the spot SOL ETF filings submitted by 21Shares, Bitwise, Canary, and VanEck, as shown in the figure below. Meanwhile, Franklin Templeton has also submitted documents to register the Franklin Solana Trust, seemingly preparing to join the competition for the SOL ETF.

Analysts have indicated that the likelihood of the SOL ETF receiving SEC approval this year is 70%.

- CZ Has Too Many Dogs

Around midnight (Beijing time) last night, many friends probably didn’t sleep because they were waiting for CZ to announce the name of the dog, and in the end, everyone got a broccoli, as shown in the figure below.

Oh no, everyone should have received many broccolis. As of the time of writing, the number of tokens named Broccoli on-chain has exceeded 7,000 (not including those that have already rug pulled), as shown in the figure below.

Currently, there are 4 recommended Broccoli tokens in the BN wallet, as shown in the figure below.

Starting today, there have also been many voices of doubt online, with some digging up insider trading or front-running issues, as shown in the figure below. Interested friends can search for more information on X; we won’t elaborate further here.

How to describe it? CZ's hype is so outrageous that even our Sun might have to bow his head…

Many times, even when knowing that something might involve high risks, it still cannot stop those driven by the psychology of quick profits from rushing forward. In the end, it’s still the line from our article a few days ago: In a liquid market, only by managing risks and positions well can you have a chance to avoid becoming a victim of others exiting liquidity.

That’s all for today.