DeFi (Decentralized Finance) has become a huge part of the crypto ecosystem. However, most of it is built on the Ethereum network. Meaning if all of us BCH fans are limited to the options to participate in earning more money. Until recently, that is.
How would you feel if you could earn 109.10% APR? Let me show you how.
Liquidity Mining
"Liquidity mining is a network participation strategy in which a user provides capital to a protocol in return for that protocol’s native token."
Uniswap is probably the best-known platform for liquidity mining. In September 2020, Uniswap did an airdrop for early participants where 400 UNI was given. I missed out on this, but I remember the price per UNI was around $3-$4, so that was $1200-$1600 USD worth of UNI. Nice payday for those people. However, the price of UNI today (March 31, 2021) is $27. That 400 UNI would be worth $10,800 today.
That's all in the past and doesn't matter now. Let me tell you about Cake DeFi.
Cake DeFi
"DeFi accessible to anyone.
Cake is a platform that empowers you to be in control of your finances by creating cashflow and harnessing the potentials of Decentralized Finance.
Cake offers a range of DeFi products, podcasts and educational videos you can use to achieve financial freedom."
One of the reasons that I've moved most of my crypto into Cake is because of the transparency, ease of use and low-fees. I tried adding to a Uniswap liquidity pool and the gas fees were so high that it didn't make financial sense.
How to get started with Cake DeFi
Cake DeFi has a promotion right where if you deposit $50 USD worth of any coin, including BCH, you will receive $20 USD worth of DFI (the Cake DeFi token).
This would allow you to participate in the BCH-DFI liquidity pool for a total of $40 USD ($20 each). The remaining $30 USD of BCH can be withdrawn right away if you want to. Then you sit back and let your $40 USD earn grow. It's that simple.
Seeking opportunities
Taking advantage of promotions and opportunities like this is how I've accumulated close to $1,500 USD worth of crypto without investing any fiat currency.
Don't take any of this as financial advice. It's important that you invest in ways that you're comfortable. But remember that taking advantage of the right opportunities is what will lead you to your success.
The secret of success is to be ready when your opportunity comes. - Benjamin Disraeli
You can take advantage of the Cake DeFi opportunity here.
Your partner in success,
Ippollo
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