🔶🍪🔶🍪🔶🍪🔶----🍜 I started to join @cookiedotfun + @sparkdotfi very early on, and now I am finally coming up to No. 6, and although I didn't get the #cookiedotfun airdrop, I have met a lot of new friends in the interim. To be honest, maybe my content is not as professional as many bigwigs, so in this process, I will learn more different creative content~ At least for now, it's kind of earning a lot of creative content + learning experience + running Twitter Of course~ I still hope to get the return 😁 I deserve in the future ╭─────✦✦─⋆⋅☆⋅⋆───╮ 👇 Well, let's get back 👇 to today 💥Spark went straight to the bad guys 👊 this time Recently, some people have used some tricks on @sparkdotfi Pendle, using USDS to buy YT and PT at the same time, in fact, it is to "copy a copy" of their own parts and hang them there, and then spark Points Spark also directly announced that this kind of gamification behavior, which occurs after 6/3, will directly cut rewards and even confiscate points to protect users who participate normally. ╭─────✦✦─⋆⋅☆⋅⋆───╮ 💥 Let's go back to why people go to Pendle to play USDS? In fact, because Spark now has a very good bonus to USDS, as long as you deposit USDS into Pendle, you can simply be LP, or buy YT-USDS, there are 25x Spark Points, and there are 10% referral rewards, which is a very good choice for lovers Some people may not know: what exactly is YT and PT? And are there any risks? — ✦ — ✦ 💥 Let me put it simply: • PT (Principal Token): The part of the principal represents the principal you locked in, and you can get it back on the maturity date, which is theoretically more stable, but it should be noted that if something happens to the corresponding asset itself (such as a problem with the USDS mechanism), the principal is still at risk. • YT (Yield Token): The part of the income represents the interest income you will get in the future, YT is like "betting" on what the interest rate will go in advance, if the interest rate falls halfway, or the demand changes, the price of YT may fluctuate quite a lot, or even lose money, becoming 0 — ✦ — ✦ 💥 So: • PT risk bias towards "inherently unstable assets"; • YT risk is more volatile in favor of "whether interest rates are performing well or not". Under normal circumstances, you can choose according to your own risk tolerance, but if you want everything, like some people engage in "YT+PT simultaneous buying" to brush rewards, this is the gamification gameplay that Spark is currently fighting ╭─────✦✦─⋆⋅☆⋅⋆───╮ 💥 If you want to participate, the process is simple: • Go to the Spark Points page first: • Click "Buy" to jump to Pendle • Connect your wallet and invest USDS • Approve, Confirm to complete the score 👉 Or watch my previous video tutorial : 👉 Reminder: Don't drill loopholes, just take it normally and steadily, don't be at that time, whether you will gain or lose~ #spark #sparkfi
🚨 Important Spark was recently made aware that some USDS users are minting both YT and PT tokens of the same USDS Pendle pool. Solely to replicate a USDS position, while earning a disproportionate amount of rewards compared to other users. This exploits the incentive system and is unfair to real users.
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