Free Money glitch on Zoof?
Many people think that you can only make it big, if you have big capital to begin with. But the truth couldn't be further away. What most people with smaller capital lack is patience. If you can bring up the patience, you can actually become financially free sooner then you might think. Lets take a look👇
Say your bag is currently worth $1,000.
Invest those $1,000 in
$cbBTC in order to lend them to
@MoonwellDeFi. In return, you can now borrow $500 with an interest rate of 6% per year.
Take those $500 to the LP's and check for high quality projects generating the biggest yield. One of your best picks today would be
$REPPO, giving out 600% APR on average. That equals to 1.65% every day. That way, you get $8.20 every day.
Here's where compound interest comes into play. If you collect the interest for a week, you'll have another $57.50 to add to your LP position. If you rinse and repeat that process for 12 Weeks, here's what that would look like:
Start: $500
Week 4: $772.42
Week 8: $1,193
Week 12: $1,842.56
That's a 3.7x in 3 Months! All while keeping ownership of your
$cbBTC! The fascinating part about compound interest is, that it grows exponentially. In order for you to understand that, lets take a look at what happens in week 20, 30, 40 and 52, so if you keep on doing that for a whole year:
Week 20: $4,395
Week 30: $13,050
Week 40: $38,650
Week 52: $142,500
Of course, with a growing balance, you will have to split your investments into multiple LP's and you'll have to keep track at how tokens and their LP's perform, but the point is:
In just one year, you can turn $1,000 into six figures, with very limited risk. You don't have to hunt memecoins to make it big, you have to hunt for a patient mindset.
Set yourself a goal, plan how you want to reach it and stick to your plan.
This post can be anyones blueprint and @baseguy will do this as a challenge when the app launches.
Crypto can make anyone rich. You just have to pick the right path.