A stable risk aversion strategy in the downward market, a comparative study on high interest earning products on four major exchanges

Bybit's huge theft case triggered a crisis of trust in the crypto market, and many mainstream exchanges have increased the annualized interest rates of wealth management products to stabilize user confidence. At the same time, the cryptocurrency market continued to decline, and CoinGlass data showed that the entire network contract was liquidated by nearly US$1.15 billion on February 25. Faced with violent fluctuations, a stable risk aversion strategy is particularly important, and high-yield financial products have become the choice of many investors. Especially for users who hold mainstream currencies or stablecoins, it is wise to obtain stable returns to hedge risks while retaining funds to wait for the market to rebound.

Binance, Huobi HTX, Bitget and Gate have recently launched new financial and currency-making products. This article will compare and analyze these products.

Comparison of income of financial products

The 7-day regular products launched by Huobi HTX have an annualized interest rate of up to 10%, and each product provides an equivalent subscription amount of USDT of 30,000. Subscription for one of these products at full amount will result in USDT returns of 57.5 when maturity is achieved, which is outstanding in terms of yield and practicality. In addition, Huobi HTX is the only exchange that provides high-interest BTC financial products, with stronger product diversity.

Bitget's 14-day regular ETH product annualized interest rate also reached 10%, but the quota is only 5 ETH; its 7-day regular ETH product annualized interest rate is as high as 50%, but only for new users, the quota is only 0.4 ETH, and the estimated return is only 10.5 USDT.

Gate mainly focuses on ETH products. The annualized interest rates for 3-day and 7-day regular products are 5% and 6% respectively. Although there is no limit, the interest rates are slightly lower than those of Huobi HTX and Bitget.

Binance has launched a limited-time event for current products of USDT, ETH and SOL, but the interest rate for ETH current products is only 2.1%, which is relatively weak in competitiveness. USDT current products have a large interest rate hike, but they still lack advantages compared with other exchanges.

Comparison of current products for stablecoin

In addition to the above-mentioned currency-making products, the yield of USDT current products is also an important indicator for measuring exchange financial management business. Bitget and Huobi HTX's USDT current products performed close, with Bitget's annualized interest rate reaching 12.9% in the lower amount ladder (500 USDT); Huobi HTX's annualized interest rate is higher (1,000 USDT), with an annualized interest rate of 10%. Gate's annualized interest rate for USDT current products is close to 4%, and an additional 10% annualized reward can be obtained within USDT.

In other stablecoins, Binance's FDUSD and Bitget's USDC are also competitive; Huobi HTX's 20% annualized income subsidy for the decentralized stablecoin USDD is also worth paying attention to.

Disclaimer: This article is for reference only and does not constitute any investment advice.

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