[Announcement] "Novice Village Fund" was transferred from Binance fixed-term account to Pancake Swap for staking to prepare for the future development of Novice Village

in cn •  last year 

Six months ago, Novice Village converted the 4237.554 Steem in the Steem account into USD stablecoins and established a "Novice Village Fund" to prepare for the future development of Novice Village. The original deposit amount of USD stable currency is $4789.25 (saved in USDT stable currency)

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After half a year of regular interest on Huobi and Binance, the latest balance is now $4871.0112 (saved in USDC stable currency), which has increased by $81.7612 in half a year, an increase of 1.7%.

In response to the fact that Binance no longer has the fixed currency of USD stablecoin, and the current interest rate is low:

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Therefore, after discussion, we decided to withdraw the amount and transfer it to Pancake Swap to pledge the US dollar stable currency.

Among the pledge combinations of multiple Pancake Swap USD stablecoins, and the current Binance account is held in USDC, in order to save handling fees and obtain the highest return under capital preservation, I finally chose the pledge of USDC-USDT.

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Regarding USDC-USDT pledge records:
https://bscscan.com/tx/0x6285b05fd2d63485f656aa7a13f366d4bad90f962842c3a0431d43d21423553b

The USDC balance after staking is converted to BNB, which will be used as the gas fee for future accounts:

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Completion time: September 21, 2021 (7:35 am)

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