WOO X Research: Navigating Volatility in a Choppy Market to Find Stable Returns
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WOO X Research: Navigating Volatility in a Choppy Market to Find Stable Returns
Recent market high volatility, mining opportunities still exist.
Navigating Web3 tides with focused insightsRecently, Bitcoin's price has been oscillating between 80,000 and 90,000. Every statement or move by Trump has significantly influenced market trends. Recently, Trump officially signed the U.S. Bitcoin Strategic Reserve initiative. Logically, this should have triggered an upward price expectation. However, Bitcoin quickly dropped 3% in a short period. The reason: the U.S. is designating previously seized and confiscated Bitcoin as reserves, rather than purchasing Bitcoin on the secondary market, which contradicts market expectations. This sharp discrepancy, combined with "buy the rumor, sell the news" dynamics, caused a market collapse—something no indicator or technical K-line analysis could predict.
Future market direction is hard to forecast. Whether trading in the secondary market or launching new tokens in the primary market, conditions are currently extremely difficult. Perhaps going passive and mining could be a decent alternative. There are still stablecoin yield opportunities offering over 10% returns. Let WOO X Research guide you through some of these options. (Not financial advice; users should conduct their own research.)
Ethena USD Yield
This pool generates yield from staked USDe, supported by a delta-neutral position that balances a basket of staked ETH derivatives against ETH short positions on centralized exchanges. Returns are achieved through native ETH staking rewards combined with positive funding rates paid on the short positions.
Project Overview:
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Ethena: An Ethereum-based synthetic dollar protocol offering USDe and sUSDe. Ethena’s synthetic dollar USDe uses deliverable perpetual futures contracts to perform delta hedging against spot assets like Bitcoin, Ethereum, and Solana. Staking USDe yields sUSDe.
Yield Source: Users stake USDe with a withdrawal period of T+7. Annualized yield is 10.69% (variable; rewards paid in sUSDe, compounded weekly).
Current Data:
Data source:
MEV Capital Usual USDC
A Morpho Vault on Ethereum for staking USDC, powered by MEV Capital—a collaborative product involving Morpho and Usual—thus eligible for additional incentives from Usual.
Project Overview:
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Morpho: A lending protocol featuring various asset-combined Vaults. Each Vault has its own manager who can customize lending parameters (e.g., lock-up periods, management fees, rewards).
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MEV Capital: An institutional digital asset management firm focused on DeFi.
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Usual: A stablecoin protocol whose USD is a stablecoin backed 1:1 by real-world assets (RWA). USUAL is its governance token, with products including USD0 and USD0++. Pill is a points system earned by users through various activities within the Usual protocol, where points correlate to USUAL airdrop allocations.
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USD0: A USD-pegged stablecoin backed by various bonds (e.g., short-term Treasuries).
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USD0++: A liquid staking token. Users lock USD0 as principal and receive USD0++ with incentives in USUAL and USD0. During the lock-up, the deposited funds are invested into Treasury products.
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Yield Source: Users stake USDC with a withdrawal period of T+3. Annualized yield is 9.18% (variable; rewards in USDC + MORPHO + Points).
【8.61% (native yield) + 1.42% (platform reward in MORPHO) - 0.86% (performance fee at 10%) + Resolv Points x1】
Note: The performance fee for this product is 10%.
About Morpho Vaults Performance Fees: The Morpho Vaults protocol itself has no central governance, but individual Vaults are managed by the owner of the corresponding smart contract (who may appoint administrators, guardians, or distributors). The owner can set a performance fee for their specific Morpho Vault (to cover governance and operational costs), calculated as a percentage of the interest generated by the Vault. (Maximum performance fee可设置为 50%).
Market Composition:
Source: https://app.morpho.org/ethereum/vault/0xd63070114470f685b75B74D60EEc7c1113d33a3D/mev-capital-usual-usdc
Risk Note: This product has significant exposure to USD0++/USDC. In January 2025, after a new exchange rate mechanism was introduced for USD0++/USD0, large withdrawals of USD0 occurred, causing the USD0++/USD0 pool on Curve (the main liquidity source for USD0) to become unbalanced, breaking its 1:1 peg and dropping as low as $0.90 within hours. Subsequently, MEV Capital deployed USD0++ naked vaults, allowing borrowers to adjust or shift positions without repaying debt, significantly lowering borrowing rates and associated holding costs. Additionally, curator fees (performance fees) were paused.
Given past imbalances in the primary markets supplying USD0++/USDC and USD0/USD0++/USDC, investors should carefully assess risks before investing.
Current Data:
Data Source: https://app.morpho.org/ethereum/vault/0xd63070114470f685b75B74D60EEc7c1113d33a3D/mev-capital-usual-usdc
Smokehouse USDC
A Vault on Morpho, supported by Steakhouse Financial.
Project Overview:
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Steakhouse Financial: Provides financial reporting and analysis for DAOs (MakerDAO, LidoDAO, ENS) and crypto firms. Acts as a strategic advisor to Morpho and operates Morpho Vaults, including those involving real-world assets (RWA).
Yield Source: Users stake USDC with a withdrawal period of T+3. Annualized yield is 8.75% (variable; rewards in USDC + MORPHO + Points (Resolv) x1).
【7.70% (native yield) + 1.40% (platform reward in MORPHO) - 0.38% (performance fee at 5%) + Resolv Points x1】
Note: The performance fee for this product is 5%. For details on Morpho Vault performance fees, refer to the earlier explanation.
Current Product Data:
Data Source: https://app.morpho.org/ethereum/vault/0xBEeFFF209270748ddd194831b3fa287a5386f5bC/smokehouse-usdc
Supercharger USDT
A yield-generating collaboration between WOOFi and Mantle. This strategy lends assets to WOOFi sPMMLP based on interest rates.
Project Overview:
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Mantle: A high-performance Ethereum Layer 2 network, a product of BitDAO, governed by the $BIT community.
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WOOFi: A cross-chain decentralized exchange within the WOO ecosystem, supporting token trading, staking, and swaps.
Yield Source: Users stake USDT and receive weUSDT as a receipt. Staking weUSDT earns WOO and WMNT rewards. Instant withdrawals are possible (up to 10% of the Vault's TVL, with a 1% fee; the instant withdrawal limit resets every Monday).
Annualized yield: 18.63% (variable; rewards in USDT + WMNT).
【0.45% (native yield) + 18.17% (platform reward in WMNT)】
As part of the collaboration, participants also receive a pro-rata share of MNT. Additionally, users depositing on WOOFi can enter a raffle for MNT worth $5,000.
Current Product Data:
Data Source: https://woofi.com/earn
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