懒人理财攻略|Spark Farm启动SPK激励;Gauntlet上线USD Alpha策略(7月1日)

Odaily星球日报Pubblicato 2025-07-01Pubblicato ultima volta 2025-07-01

Introduzione

近期安全事件引发热议,请务必自行做好风险调研,同时切记做好分仓。

原创 | Odaily 星球日报(@OdailyChina

作者|Azuma(@azuma_eth

懒人理财攻略|Spark Farm启动SPK激励;Gauntlet上线USD Alpha策略(7月1日)

本栏目旨在覆盖当前市场上以稳定币(及其衍生代币)为主体的低风险收益策略(Odaily 注:代码风险永远无法排除),以帮助那些希望通过 U 本位理财来逐渐放大资金量级的用户寻找较为理想的生息机会。

往期记录

懒人理财攻略|如何高效捕获 Huma 二期空投;SOL 本位也能 PT 循环贷了(5 月 27 日)

懒人理财攻略|Ripple 狂撒 RLUSD 激励;Electric 领投的年化 22% +新矿上线(6 月 4 日)

懒人理财攻略|Huma 2.0 重新开门;BounceBit 启动USD1激励活动(6 月 9 日)

懒人理财攻略|Sonic 第二季空投启动;Hyperliquid 生态“种子”项目开矿(6 月 18 日)

懒人理财攻略|USDC 存款即吃 17% +收益;SyrupUSDC 限额激励池别错过(6 月 24 日)

特别强调

鉴于近期 Resupply 黑客事件闹的沸沸扬扬(详情可见《Resupply 事件回顾:黑客逍遥法外,用户被迫填坑,安全事件演变为种族歧视丑闻),再次提示 DeFi 的安全问题很难完全消除,因此在选择参与之前请务必自行做好风险及背书调研,同时切记要做好分仓,不要把资金集中投入到少数协议之内。

旧矿跟进

Pendle、RateX 部分 LP 迁移

之前提过挺多次 Perena(USD*)了,该项目之前在 RateX 上的主要 LP 池已于 6 月 28 日到期,由于 RateX 暂时还不支持类似 Pendle 的一键迁移(roll over)功能,所以需要手动撤资或向远期迁移一波,防止资金闲置。

类似的情况还有 Pendle 上的 Upshift(upUSDC)池,其主要 LP 池将于 7 月 3 日到期,届时可考虑是撤资挪仓还是向后迁移。 

新增机会

Spark SPK 激励

Sky 及 Spark 昨日共同宣布将通过 Spark Farm 对的 USDS 存款行为提供 SPK 激励,目前带上激励后的整体 APY 约报 10% ,收益率虽然不高,但考虑到 Sky 和 Spark 的安全背书,比较适合资金规模较大且对安全性要求较高的用户。

懒人理财攻略|Spark Farm启动SPK激励;Gauntlet上线USD Alpha策略(7月1日)

Gauntlet USD Alpha 策略

6 月 24 日,DeFi 研究和风险管理公司 Gauntlet 宣布推出 Gauntlet USD Alpha(gtUSDa),其定位是一个为稳定币提供机构级收益管理及风险调整的资金池,面向所有用户开放,且无管理费。USD Alpha 由 Gauntlet 的量化团队支持,当前仅支持通过 Morpho 创收,后续计划扩展至跨链收益机会。

Gauntlet 回测该策略可实现 11.02% ,目前官方页面所显示的 APY 则为 8.15% 。该策略的优势主要是相对省事,不需要来回调整,但缺陷是绝对收益率还是稍稍偏低。

懒人理财攻略|Spark Farm启动SPK激励;Gauntlet上线USD Alpha策略(7月1日)

Telegram 限时 USD 存款激励

6 月 24 日,Telegram 宣布与 Ethena 达成合作,将借助 Ethena 的后端储蓄支持,在 Telegram 托管钱包应用 Wallet in Telegram 中推出内置美元收益功能。

懒人理财攻略|Spark Farm启动SPK激励;Gauntlet上线USD Alpha策略(7月1日)

双方同时宣布,将为用户提供限时的 15% 收益,算是一个短周期的羊毛福利。

Letture associate

Saylor's Latest Long Read: Bitcoin is Not Money, It's Digital Capital, and Money is Built Upon It

Michael Saylor presents his "Digital Asset Stack" theory, positioning Bitcoin as the foundational layer of digital capital. He argues Bitcoin itself should remain unchanged—no staking, inflation, or protocol alterations. Instead, a five-layer financial architecture should be built atop it: Digital Capital (BTC), Digital Credit (e.g., yield instruments like STRC), Digital Currency (stable, yield-bearing instruments pegged to fiat), Digital Yield (leveraged/structured products), and Digital Equity (e.g., MSTR stock, absorbing residual volatility). Saylor asserts this stack transforms Bitcoin's high-volatility, high-energy capital into tailored products: stable currencies for payments/savings, yield instruments for income seekers, and equity for growth investors. This approach meets diverse needs—corporate treasuries, banks, retirees, emerging market users—without compromising Bitcoin's core properties (scarcity, decentralization). The "killer use case" is rebuilding global money, credit, and capital markets on Bitcoin, bridging the fiat world with a superior digital asset foundation. The system leverages traditional finance principles (risk layering, structured products) while using Bitcoin as the ultimate collateral. This expands Bitcoin's utility, drives adoption, and offers a better monetary experience: digital, yield-bearing, stable-value tools for everyday use.

marsbit4 min fa

Saylor's Latest Long Read: Bitcoin is Not Money, It's Digital Capital, and Money is Built Upon It

marsbit4 min fa

Can SK Hynix's Stock Double Again in This Rally?

The article discusses the highly optimistic price target of approximately $3,500 for SK Hynix stock, set by Aletheia Capital. This target is significantly above the consensus range of $2,000-$2,520 from major brokerages. The core debate is whether SK Hynix deserves a fundamental re-rating beyond its traditional cyclical discount, based on the long-term impact of AI-driven demand. The $3,500 target hinges on three key assumptions holding simultaneously until at least 2027: 1) Continued shortage and high pricing for HBM (High Bandwidth Memory), a critical component for AI chips; 2) Sustained high prices for standard DRAM, as HBM production consumes capacity and constrains general supply; and 3) Strong AI server demand generating substantial, above-expectation free cash flow. SK Hynix's leading ~58% market share in HBM and its early certification with key clients like Nvidia provide a competitive advantage, allowing it to capture significant supply chain premiums. The HBM shortage is seen not just as a niche growth driver but as a catalyst that amplifies profitability across the entire memory business by tightening overall DRAM supply. However, the article cautions that this target represents an optimistic "tail scenario." Key risks include potential supply increases from competitors (Samsung, Micron) by 2027, a possible slowdown in HBM price growth, and high capital expenditures that could erode the projected free cash flow. The divergence in analyst targets reflects the market's uncertainty over whether the current AI-driven boom will temporarily elevate earnings or permanently raise the memory industry's profit baseline.

marsbit7 min fa

Can SK Hynix's Stock Double Again in This Rally?

marsbit7 min fa

Has the Cryptocurrency Market Hit Bottom? Here's What Institutions Think

"Has the crypto market bottomed out? Major institutions are divided on the outlook, according to a recent analysis by Matt Hougan, Chief Investment Officer of Bitwise. Three prominent research firms published in-depth reports on the topic with differing conclusions. Galaxy Digital argues Bitcoin has not yet found its bottom, pointing to only 4 out of 13 historical bottoming indicators being met. Their analysis suggests a potential bottom range of $30,000 to $54,000. NYDIG adopts a more cautious stance, noting that while metrics are close to historical bear market lows, a classic panic-selling capitulation event is missing. They acknowledge the possibility of a bottom but consider it unlikely, citing structural changes from institutional adoption. In contrast, Standard Chartered Bank asserts the bottom is already in at around $59,000. Their revised bullish view, predicting a year-end target of $100,000, hinges on anticipated reductions in ETF selling pressure linked to events like a potential SpaceX IPO. Despite the surface-level disagreement on the exact price floor, the reports share significant common ground crucial for long-term investors. All three institutions agree that a market bottom will likely form within the current year, that current prices are closer to the bottom than to previous cycle highs, and that Bitcoin is poised for another major bull cycle in the future. The core takeaway is that while the precise bottom level remains debated, the long-term value proposition for Bitcoin remains strong and may even be strengthening. Key supportive trends include rising global debt, persistent inflation, declining trust in traditional institutions, accelerating digitization, and improving market infrastructure. Therefore, for investors with a long-term horizon, the focus should shift from pinpointing the exact bottom to recognizing that the cycle's peak is likely still ahead, making current levels an attractive entry point for substantial potential upside."

Foresight News28 min fa

Has the Cryptocurrency Market Hit Bottom? Here's What Institutions Think

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Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di SPK SPK sono presentate come di seguito.

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