How to achieve a 10% annualized return with 10 million?
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How to achieve a 10% annualized return with 10 million?
The Paradox of "Stable High Returns" in the Context of Web3.
Navigating Web3 tides with focused insightsBy: 0xresearcher
Recently, a seemingly simple question has sparked heated discussion in the crypto community: "If I had $10 million, where should I invest it? Can I still achieve a 10% annualized return?"
At first glance, this might sound like an extension of middle-class financial anxiety. But beneath it lies a real reflection of today’s crypto market—waning incentive-driven booms and increasingly scarce stable yields are forcing capital to reevaluate the very structure of "returns."
In traditional finance, what does a 10% annual return imply? Either credit downgrades, leverage amplification, or extremely poor liquidity. The high yields once offered by Web3 were largely driven by incentive-fueled bubbles—not fundamental efficiency improvements.
As the “yield farming” economy fades—blue-chip DeFi yields decline, on-chain trading volume stagnates, and capital efficiency becomes the new focus—the market now faces a more pressing question:
“In a world without subsidies and bull markets, can Web3 still offer sustainable returns for conservative capital?”
This article explores potential answers through several key projects.
DeFi Incentive Boom Fades: Capital Shifts Toward 'Real Usage + Structural Optimization'
Today, most users recognize that relying solely on airdrops is no longer sustainable. Structural issues around on-chain liquidity have become increasingly apparent.
On one hand, incentive models are unsustainable; on the other, competition for liquidity among DeFi protocols has intensified, yet there's been little qualitative leap in infrastructure. Most rollups continue replicating Ethereum’s legacy model, and on-chain matching performance remains far from meeting real transaction demands.
Against this backdrop, capital is seeking new yield structures—not based on speculative assets, but on investing in systems capable of generating real on-chain cash flows and improving trading efficiency.
Two directions are gaining attention:
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On-chain trading infrastructure redesigned for professional traders
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Composable service layers providing standardized trading modules for developers
Hyperliquid: An On-Chain Matching System Built for Professional Traders
Hyperliquid is a cross-margin perpetual protocol running on its own custom L1 chain. It currently has no token and offers no incentives, yet its trading depth has consistently ranked among the top three globally for months.
This is no accident. Hyperliquid redefines performance standards for on-chain perpetuals by combining a centralized user experience with decentralized settlement—creating a system closely aligned with professional traders’ needs. Its proprietary L1 enables sub-second order matching, low slippage, and low gas costs, making it suitable for large-scale, high-frequency trading.
More importantly, Hyperliquid doesn’t position itself as an “airdrop platform” or “retail gateway,” but rather as a structural product for high-frequency traders. Here, returns come from genuine trading depth—not stacked incentives.
For funds like "$10 million," this represents a new on-chain strategy: not chasing short-term gains, but targeting infrastructures with real user adoption, high capital efficiency, and long-term depth.
Orderly: From On-Chain Matching to Standardized Trading Modules
While Hyperliquid pursues vertical integration, Orderly Network offers a “modular trading infrastructure.” It doesn’t build frontends or attract users directly. Instead, it provides developers with composable, plug-and-play trading components.
In simple terms, Orderly aims to be the “AWS of Web3 trading”—not competing in retail, but empowering builders with tools and core components.
Orderly’s architecture consists of four key modules:
1. Matching Engine
The performance bottleneck of on-chain matching has long hindered high-frequency strategies. Orderly uses off-chain matching with on-chain settlement, balancing speed and transparency while supporting complex order types and higher capital utilization.
2. Liquidity Pool System
Unlike AMMs, Orderly adopts a liquidity pool model closer to traditional exchanges, allowing market makers to inject capital on demand while maintaining stable order book depth—laying the foundation for multi-strategy market making.
3. Clearing & Settlement System
Settlement occurs on Layer 1, with user assets managed in isolation. This ensures funds remain safe even if frontend apps or middleware suffer systemic failures, enhancing security.
4. Risk Management System
Orderly modularizes off-chain risk controls, enabling developers to integrate them quickly and lower development barriers.
The significance of this modular approach is clear: developers can now build customized trading products like Lego sets—without rebuilding complex systems such as matching engines, clearing mechanisms, or risk controls from scratch.
Real-World Deployment on High-Performance Chains
A recent use case of Orderly on Solana exemplifies its impact.
Solana outperforms Ethereum in infrastructure, but only recently emerged a proper “Order Book Infrastructure” capable of leveraging its full potential. Orderly’s integration on Solana delivers:
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Off-chain matching engine ensuring both speed and user control
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Processing thousands of orders per second, meeting demands of bots and pro traders
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On-chain settlement guaranteeing verifiability
This drastically reduces real trading costs and, more importantly, translates Solana’s raw performance into actual capital efficiency for users.
Orderly has thus become one of the few matching protocols supporting both Ethereum-based chains and Solana, offering strong cross-chain compatibility.
Democratizing Access to Real Yield Generation
For most users who can't trade at high frequency or develop their own strategies, structural matching yields are no longer out of reach. OmniVault is a prime example of this trend.
Built by Kronos, OmniVault is a one-stop yield platform. Users simply deposit USDC, and their funds automatically participate in market-making on the Orderly Network across multiple chains using Kronos’ proprietary strategies—earning real, verifiable LP returns. Unlike returns from simulated matching or internal loop trades, OmniVault captures revenue from actual on-chain order-matching activity, offering greater sustainability and cycle resistance.
Recently, Binance Wallet officially integrated OmniVault. As the world’s largest Web3 wallet (handling over 95% of market trading volume in 2025), this integration opens not just an entry point for hundreds of millions of users, but also unlocks the potential for billions in liquidity. OmniVault’s TVL is already nearing $7 million, with stable annualized yields rising to 30%, making it one of the few platforms successfully turning “real market-making returns” into “passive income” for everyday users.
From Incentive Dividends to Structural Dividends: A New Paradigm Emerges
Whether it’s Hyperliquid built for pro traders, Orderly providing modular infrastructure for developers, or OmniVault democratizing access to real yields—they all point to a shared trend:
The new paradigm for “stable high returns” on-chain no longer relies on subsidies or speculation, but on real transaction demand and optimized capital efficiency structures.
Over the past few years, Web3 capital rotated through narratives like airdrops, market making, and restaking. But systems with true cycle-resilience will always be rooted in real usage scenarios combined with structural optimization.
Generating 10% annual returns on $10 million is still possible—but only if you invest in the right structure, not just the latest hype.
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