Stablefund - 1.5% daily return from trading bots
My passive income journey continues with a new project this month - Stablefund. As I mentioned in my article, My Passive Income Stream (September Edition), I wanted to add another passive income stream this month to make up for Liquid Capital which shut down. This is part of my "DeFi and Other Income Streams" category. I only threw 60 MATIC in into the platform, worth under $60 at the time, but I'm very excited about Stablefund for a number of different reasons.
A Different Kind of Income Stream
I've never used artificial intelligence (AI) trading bots, so these offer a new type of income stream for me which adds more diversification to my crypto portfolio. I have income from yield farming, NFT mining, master noding, rebase tokens, etc., but trading bots adds a new income stream to the mix.
Juicy Daily Returns
How does a 1.5% daily return sound? Too good to be true, I know. Unlike most projects in crypto, there are no ponzinomics involved with trade bots which is also why there are no referral fees involved in the project. Typically if you hold any coin or token, you are dependent on other investors buying some to drive up the price. Trading bots make gains regardless of the direction of the underlying asset, up or down. It is simply the price movement of the asset that produces gains and given the volatility of crypto makes it a great asset to generate income from for trading bots.
Sustainable Returns
As important as the 1.5% daily return rate is the sustainability of the project. I prefer long-term investing, and this one seems to have the mechanics to last a long time. Why? The trading bots used actually return 2-2.5% per day, so for the payout to be well below that figure means the payout is very reasonable over time. Even better, the income generated does not depend on fresh capital at all. Each day, the trading bots take the amount you stake and go to work. Additionally, the bots never get tired, working hard 24-hours a day on your behalf.
Rewards on the Polygon Network (MATIC)
I do a majority of my passive income plays on the BNB Chain (formerly Binance Smart Chain) network so getting rewards on the Polygon network adds diversity as well. The problem is I'm doing most of my NFT collections now on the Polygon network, so having more MATIC to mint NFTs and more importantly transfer free one's to my Publish0x followers helps.
As a bonus, you can also stake on the BNB Chain with either BNB or BUSD, so I may eventually give that a try to help cover gas fees on that network and grow my bag of those coins as well.
Phone App with Wallet and Exchange
Very few crypto projects I'm involved with have their own phone App, but Stablefund does available for both iOS and Android. This isn't a huge deal, but a very nice to have feature. For most of my projects I have to compound on my laptop or through the MetaMask app browser feature which works well. In reality, I wish most crypto projects had their own phone apps however.
The phone App also includes a wallet which is a nice feature. You can hold a variety of coins in the wallet - MATIC, ETH, BNB, FTM, AVAX, BUSD and SROCKET. This allows you to take profits and swap them for any of these coins as well on the built in exchange. You can also swap these for any of the 200 coins also available on the exchange. The project is great for those new to crypto as you can get involved using fiat currency along with credit or debit cards to get started.
Compound Returns
Each 24-hour period you have the option to withdraw your rewards (along with your capital after 28-days) or you can compound it. A return of 1.5%, if sustainable, can grow dramatically even when starting with a relatively modest amount. Using the daily interest calculator from thecalculatorsite, you can see the true power of compounding. Plugging in my $50, the results are quite astonishing looking at a two-year period:
Monthly Earnings and Total Balance
Sep 2022* - $17.34, $67.34
Oct 2022 - $39.50, $106.84
Nov 2022 -$60.16 , $167.00
Dec 2022 - $97.95, $264.95
Jan 2023 - $155.40, $420.35
Feb 2023 - $217.42, $637.77
Mar 2023 - $374.07, $1,011.84
Apr 2023 - $569.75, $1,581.58
May 2023 - $927.64, $2,509.22
Jun 2023 - $1,412.89, $3,922.12
Jul 2023 - $2,300.42, $6,222.54
Aug 2023 - $3,649.68, $9,872.22
Sep 2023 - $5,558.85, $15,431.08
Oct 2023 - $9,050.74, $24,481.81
Nov 2023 - $13,785.22, $38,267.04
Dec 2023 - $22,444.63, $60,711.67
Jan 2024 - $35,609.00, $96,320.66
Feb 2024 - $52,011.28, $148,331.95
Mar 2024 - $87,000.61 , $235,332.55
Apr 2024 - $132,511.10, $367,843.66
May 2024 - $215,750.02, $583,593.68
Jun 2024 - $328,610.06, $912,203.74
Jul 2024 - $535,031.60, $1,447,235.33
Aug 2024 - $848,841.76, $2,296,077.09
Sep 2024* - $368,614.11, $2,664,691.21
Notes: * denotes partial month, link to site calculation Starting Out in Stablefund
You will need to download the app on your phone and create an account to get started. Once that is done and you have your wallet address, you can transfer any of the three funds you want to start with - MATIC, BNB or BUSD. Please note, if you decide to create a BUSD stake you will still need some BNB for gas fees. There will be a 3% fee to get started, however I recovered that back in a couple of days. The first 28 days you stake is locked until you get your "capital release" or access to your funds once again which is pretty reasonable. I also believe you are only getting 1.5% on the initial stake for that period until you can start compounding on day 29.
The platform has been around since April and so far and has paid out 1.5% daily ever since. The more capital that flows into the platform, the more stable the returns are and it actually becomes easier to generate the returns which is the opposite of many platforms where managing more capital becomes a challenge.
Turning $50 into over $2.5 million sounds good to me, how about you? I will probably start taking profits in July of 2024 as I think I can comfortably live on a bit over half a million dollars a month...
