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FYI Crypto: I started using the Donut DeFi app and dropped some of my liquid savings into it to check it out. It is a DeFi app that loans out your

Posted by oblique (aka kkuphal) Jul 15 '21, 09:25

funds on crypto exchanges in return for APY earnings in USD. There are different levels of risk involved though even their highest one appears pretty safe (as safe as crypto can be) regarding consistent returns. And the returns aren't 0.3% like a high yield savings, I'm currently earning 6% on the funds I put in and I probably will move more over.

There are definitely other DeFi products with reported higher earnings, etc. but they seem to get into weird areas of DeFi I don't fully understand yet and the earnings appear to be more on the crypto side than USD. I'm currently looking at this as an alternative to high yield savings and so far it seems to be living up to the promises.

Yes, this is a referral link (donut.app.link)

Responses:

Okay, I’m listening. -- nm - znufrii Jul 15, 09:53 2
- (Reading though the blog on their site, I actually kind of pretty much understand it, which is probably a first for me in regards to crypto) -- (edited) - znufrii Jul 15, 10:26 1
  - I believe it falls more on the capital gains side much like most crypto investments do. I was reading up on it here -- (link) - oblique Jul 15, 10:53
interesting - I got into FNKO and it immediately went down. - Pippy Jul 15, 09:42 8
- "Yes hello, I'd like to make an investment in 23 Red please" -- nm - rollo Jul 15, 09:51 1
  - buwhaaa - - Pippy Jul 15, 10:01
- I've been listening a lot to a bitcoin podcast and while I'm still working my way through it - oblique Jul 15, 09:48 5
  - Judas priest, man. NOW you decide this? -- nm - David Jul 15, 10:40 3
    - IKR - oblique Jul 15, 10:49 2
      - ALL YOU HAD TO DO WAS BE PATIENT WHEN I SAID TO BE PATIENT -- nm - David Jul 15, 10:51 1
        
        That assumes I actually invested in BTC before (which I hadn't). All the patience in the world would not have saved the shitcoins I (we?) picked - oblique Jul 15, 10:54
  - thanks -- nm - Pippy Jul 15, 10:00

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FYI Crypto: I started using the Donut DeFi app and dropped some of my liquid savings into it to check it out. It is a DeFi app that loans out your

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