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Do you DeFi? A perfect opportunity during all market conditions

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by COINS NEWS 124 Views

I'm curious what percentage of /rcc (I know I won't a correct answer, but maybe a small sample) utilizes DeFi for its massive benefits, specifically surrounding PoS chains.

For me, I got into it about 6 months into my crypto journey once I got over my fear of self-custody and I'll never go back. The fact that you can stake on-chain and earn passive $ in real time is basically the ideal investing scenario in fiat turned crypto. If you're more daring, taking on the additional risk of DEXes (not to be confused with lending platforms) and liquidity pooling (IL risk) can give you even bigger returns. I've managed to maintain 0.5%-0.75% ROI per day doing this for over a year now.

It took me about a year to really understand the interplay of the various mechanisms and tokenomics especially when it comes to merc farming high APR pools, but the ROI is insane. I get that it's not for everyone because it does require significant time investment (at least 10 hrs/week for me) due to the need for ongoing research, but as essentially a part time side hustle I couldn't think of a better alternative.

Curious how many others have given it a go. There are many ecosystems in which you can do this. I'm partial to Cosmos myself (if anyone asks).

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submitted by /u/CryptoDad2100
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