When it comes to stablecoin investment, there's a core issue that can't be avoided—how much can the exchange rate difference actually be exploited? Today, let's clarify this calculation.

From a profit perspective, the daily return rate roughly corresponds to a 0.00055 fluctuation in the exchange rate. At first glance, this seems insignificant, but if the activity period is extended to 30 days, the accumulated exchange rate difference expands to about 0.0163. In other words, assuming you enter at a price of 1.0020, the break-even line over the entire cycle is approximately 0.9855. This figure is an important reference for participants—exceeding this line means starting to incur losses.

Many factors determine how much profit you can ultimately gain. A sudden market recovery or a surge in the main index can divert funds into long positions; the emergence of alternative investment activities can siphon off interest; participating in Pre-TGE token sales also requires capital and creates competition; negative news about stablecoins can trigger panic instantly; and there are operators who only exit in the last few days, aiming to capture the exchange rate difference again. These factors stack together, creating a variable scenario throughout the activity period.

However, there are also potential positives—if the project team launches a refill campaign or provides strong backing, they can support the exchange rate.

In reality, many participants are involved in this 20% annualized return investment. A large amount of stablecoin supply was added at the beginning of the activity, and these newly issued tokens are likely to create selling pressure in the later stages, making slight de-pegging almost inevitable. Based on previous experience with a leading DEX mining project, the last three days are usually the peak period for exiting. I have also participated in several, but lessons from the first two "show operations" have been profound—this time, I plan to go with the flow, hold through the entire activity cycle, and wait one or two more days for the exchange rate to stabilize before taking action. After all, the variables and strategies in this game vary from person to person, and the truly optimal approach should be adjusted according to one's risk tolerance.