Welcome to Week 4 of the Little Manyu news, our cute and most popular Shiba Inu from TikTok.
We have made progress with new partners and opportunities to generate passive income for our holders. There’s also been a significant increase in diamond hands, which continue to help the $MANYU community stay on the right path toward new horizons.
New partners for the $MANYU community
SolBank Finance
We started with a poll to secure the partnership between $MANYU and SolBank. The Little Manyu community has accumulated enough votes to begin collaboration with SolBank. This project focuses on providing passive income in $SB while you stake other tokens. SolBank collects incentives, fees, and other rewards, which go directly to the $SB token, giving it value and enabling passive income for the stakers of collaborating tokens.
OKX Wallet
We have received another recognition from a major player in the crypto space, OKX Wallet. While we are not yet listed on their centralized exchange, the integration and recognition of $MANYU as a legitimate token in their wallet signal that we may be on their radar. It also shows they trust the hard work the community is doing for our beloved Shiba Inu on Solana.
AssetDash Swap
AssetDash is a swap and rewards platform, and they have integrated $MANYU as one of the tokens available for buying and selling. What sets this swap apart is that every time you use the platform, you earn rewards that can be redeemed for gift boxes, which may contain $MANYU as a gift. This is a great initiative for those who do a lot of trading on the Solana blockchain, as frequent interaction with the platform allows you to earn $MANYU in return for your trades.
NEW LISTING BTSE Exchange
BTSE is a multi-currency digital asset exchange offering a wide range of services, including spot and derivatives trading, fiat on-ramps, and crypto lending. Known for its advanced security features and user-friendly interface, BTSE supports multiple fiat currencies and cryptocurrencies, making it accessible to users worldwide. The platform also focuses on providing deep liquidity and competitive trading fees, making it a preferred choice for both retail and institutional traders.
MANYU is starting to gain popularity in the crypto community in China.
LittleManyu is starting to gain recognition within the crypto community in China. As the project continues to grow, its presence and popularity are expanding, especially with the rise of interest in $MANYU and the adorable Shiba Inu that represents the token. This increased attention from the Chinese crypto community is a significant milestone, reflecting the global reach and potential of the project.
Our Shiba Inu is of Chinese nationality and is extremely popular on social media platforms like TikTok, Facebook, Instagram, and YouTube. We know that crypto communities focus on Twitter, now called X, and the emergence of Chinese communities discussing $MANYU is a fantastic opportunity for us to continue moving closer to our goals.
BTSE Listing China Exchange
How to stake and get passive income with MANYU
With our integration into the SolBank Finance platform, $MANYU users can earn passive income while holding $MANYU. Here, we will explain how it works and all the steps to follow to take advantage of the passive income opportunities:
Step 1: Purchase $MANYU on your favorite centralized or decentralized exchange. You can go to the “BUY MANYU” section above and choose your preferred option.
Step 2: If you buy $MANYU on a centralized exchange, transfer it to a wallet like PHANTOM to interact with the SolBank Finance platform.
Step 3: Go to solbank.finance and connect your wallet by accepting the contract.
Step 4: Navigate to the left menu and select FARM.
Step 5: In the search bar, type littlemanyu and select Deposit to enter the $MANYU staking.
Step 6: Choose the desired amount. You can select the maximum (MAX), enter the amount you wish to stake, and then click Deposit. Accept the contract, and the deposit will be registered in a few seconds.
NOTE: You should know that SolBank has fees for deposits and withdrawals.
The platform charges a 2% fee on deposits and withdrawals, meaning you will lose 4% of your $MANYU tokens when staking. Here, we will explain how to recover that 4% of the tokens and still benefit from passive income if you choose to apply this strategy.
WIN UP TO 115% APY WITH MANYU
The platform offers an 115% APY on $MANYU staking. Of course, this percentage may decrease over time depending on the amount of money being staked on the platform.
This would be our strategy to recover the 4% of the tokens and take advantage of the profitability to our benefit.
We will do the calculations as if we were depositing $5,000 of $MANYU in SolBank. This means that by using compound interest, we should approximately obtain $10,500 by the end of the year, disregarding the fluctuations in the value of $MANYU at that time. However, we need to be mindful of a few things: the platform takes a 4% fee on deposits and withdrawals, which means we will only have $4,800 available.
With $4,800 deposited, we need to calculate the 115% APY in APR. The difference can be significant for those who do not want to use compound interest to recover their money from the fees, or for those who prefer to continue accumulating $MANYU instead of compounding. This leads us to estimate that without compounding, we have a profit percentage of around 70% to 80%, depending on the value of $MANYU at that time.
Here we arrive at the first strategy: RECOVERING OUR INVESTMENT. For many, it’s easier to try to recover the deposits to keep them in their wallet without risks and continue generating passive income over time. Based on estimated calculations, you would recover the 4% fee charged by SolBank for the deposit and withdrawal of staking in approximately 20 days. Of course, this assumes that $MANYU maintains a similar price to the day of the deposit. If $MANYU increases in price, the recovery in DOLLARS will be faster, and if it decreases in value, the recovery in the number of TOKENS will be quicker.
It is IMPORTANT to emphasize that passive income is received in the $SB token from SolBank, which you need to exchange for $SOL, $USDC, or reinvest in $MANYU to increase your position!
Second Strategy: COMPOUND INTEREST: Here we can achieve better long-term rewards, and in this case, we can obtain the 115% offered by SolBank on its platform. This means that by the end of the year, you will receive in DOLLAR value double or a little more than your initial investment. The benefits of this strategy are that if $MANYU increases in value each day, your gains will be greater in DOLLARS, and if $MANYU decreases in value, you will be able to accumulate more coins over the long term to achieve greater returns.
Third and Final Strategy: TAKE ADVANTAGE OF $SB TOKEN BENEFITS. The rewards are paid in $SB tokens, and if we already receive this token as a reward, we can use it to our advantage. This allows us to avoid the 4% fees associated with compounding $MANYU and obtain a greater reward. Of course, this is contingent on the $SB token maintaining or increasing its value over time. The $SB token from SolBank has two key advantages: first, we won’t pay fees for staking their token, which means our money should grow faster since we don’t lose the 4% when compounding with $MANYU. Additionally, it offers a 542% APY, which is nearly five times greater than staking $MANYU. This is where we can capitalize on better returns;
1: We stake $MANYU at 115% APY.
2: We compound the reward tokens $SB at 542% APY.
3: We return the profits from the $SB token to $MANYU, and in the end, we will achieve more than 200% APR generated thanks to $MANYU.
INCREASE YOUR DOLLARS, INCREASE YOUR $MANYU POSITION, AND YOU WILL RECOVER YOUR INITIAL INVESTMENT FASTER.
We hope this new post has been helpful and that you enjoyed it. Remember to follow us on all social media and show lots of love to Little Manyu ($MANYU). See you next week!