WHAT TIME PERIOD DO YOU PREFER?
With the emerging market of crypto, we are bless to witness the defiance of decentralized finance in the world economic. DEFi comes with different taste and form. It is the same process as a certificate of deposit where you do it by yourself and you set the time for your withdrawal. Due to lack of regulations, you hear more flash loans or rug pull than the positive aspect of the system.
The more you try to understand the way CD operates you see the benefits go one way and it serves one group of people. Looking at the number percentage there, it is on life support going forward. Keep in mind the rates you see in the picture walk hands to hands with the rate by the Fed to control the interest rate since last year. Funny to see there are more zero than actual number to generate a positive for the CD holders.
If you take into account the same format of CD and you apply it for a DEFI system, you are set for a while. I do not need to go far. Let's take for example the staking reward for many tokens, there are more than 1% from day one. Even Hive does not give one percent anywhere. You get the point. Hive is a blockchain that incentives the holders of Hive power to get around 3% for taking the risk of locking your tokens for 13 weeks. It is a risk many do not mind to take.
I know the first you will say you need more funds to get the right percentage. This is why long term goal will get you there. Why go the CD route for 5-year jumbo when you can get 7% on HBD? I know you will earn in the meantime through Hive as well. Many folks go the CD route for ease of heart and they do not know better. A company is set to merge the power of crypto with DEFI to the traditional market. It may be like a Grayscale approach where you are investing in crypto while you do not hold any of them.
It has become apparent that the banking system is using an obsolete format where you do not know what is going on and you get almost nothing while they compensate themselves with great profit numbers. There is not much you can do for a system where the least they can give you the more you will crawl back to them. source
Looking from this at #cub, there is no quick scheme getting rich as well. At least you can see what is going on. You can pick and chose and withdraw whenever you feel like it. I know the risk is a lot greater in DEFI than CD. That is the reason it is so appealing. No risk, no gain. Not everybody can afford to use a DEFI system unless you acquire the knowledge to do so. You own your token, you move your token, you call nobody when you mess up.
There is a trade we are making by going the DEFI route. Understanding the risk, the reward will be 30X. The knowledge you will get, immensely will e your reward. Now knowing what is at stake which way will you go? As you can read every week #cub is making thrive to get better and protect the value of #cub. This project is so long term, only holders will benefit to the rise of the token. I never thought my association with this community will bring such condition to learn and see the real value from the crypto side. Holding Hive, Leo token or Cub token will not make you rich tomorrow but you will be in a better place in five years term. As always, read, learn blockchain, DEFI system and stick to your plan.
Posted Using LeoFinance Beta
