Recently, I found a few 7-day fixed deposit products with an annualized yield of up to 200%. $BANK and $KITE each allow deposits of around 200U, while $MET has a slightly higher limit, allowing a bit over 300U. It’s pretty easy to make some lunch money every day.

It’s also simple to find these products—just look for “Principal-Protected Earn” in the wealth management section. However, the quotas get snapped up quickly, so you need to act fast.

Some people might worry about what happens if the coin price drops after depositing. Actually, you can do this: buy the spot asset and simultaneously open a 1x short position to hedge. This way, price fluctuations won’t affect you, and you can even earn the funding rate. The only thing you need to worry about is whether your account balance is sufficient.

Of course, there are quite a few details involved in hedging, so beginners might need to do more research before getting started.