Posts

DO YOU PREFER 8.8% OR 0.1% FROM THE BANKS?

avatar of @pouchon
25
@pouchon
·
·
0 views
·
2 min read

source

Time has come where the true value of each dollar you have should be put to the test. No need to worry about volatility or inflation. You need to be serious and find the common ground to find how far your fiat currency can go. This test demands a plan to find the suitable place to work your fiat money. It will not find the same ground where you leave but if you do, you have a task at hands.

Luckily this test is being taking by thousand of folks around the globe, so you are not by yourself. You can be as conservative as you can, you will pass this test. If you want to earn by all means while your principal is looking at you, this test is all yours. We all have to think DEFI in any shape of forms is the test that keep coming and bring the A answer we want.

I put 8.8% to put a figure out there. This is what the CEO of Celsius is delivering for whoever using his platform. I do not use it but I used #cub DEFI and I can vouch for all other decentralized finance out there giving return more than 0.1%. Celsius is working so good , they have in AUM $20 billion. To say the least 8.88% is for stablecoins. They are in direct competition with the dollar, another word with the Banks giving a dead 0.1%.

I can see why the Banks are reluctant to move into that business. This piece reminds me of one of the bells company charging elderly for caller id when everyone had caller id on their cellphone. The moral of the story, the banks will continue to charge 0.1% as long folks allow them to do so. So far we cannot dump them yet, but the alarm is beeping for a while.

The prosperity should be shared among everyone. I know inflation changes everything for the rest. There was no adaptation from the Banks to deliver and attract more for all their clients. Crypto changes the game and invite everyone to participate. Defi alone will not make everyone to join, the opportunity offered cannot be passed when you earn crypto.

DEFI is there to leverage what you earn and give you a sense of the maturity for crypto. Everything can be verified and there is a history for those with the trained eyes. Not long ago, the white hat hacker did get a big chunk in POLYGON. Since there was a trail to see his move and others, he returned all funds. I have to say the power of crypto lays down how the financial world will evolve for the future generation.

You and I today could taste the beginning of something good. Let's hope crypto diminish corruption and keep everything in the open. I would like to see the banks giving more than 0.1% and curb inflation. Do you think they can do it? Crypto will force them to do a lot of things. Places like Celsius, Coinbase, AAVE and many more will thrive to balance the financial world. After all we are all in business to earn and feel better tomorrow. Keep vesting your tokens.

Posted Using LeoFinance Beta