Painstaking Process to Earn 20% Yield On USDC vs HBD's 20% APR Seamless Process
It does require effort and thorough research to find the right project out there and when I say the right project I mean, a project that is open to anyone to participate without having to pay a fee at the door for access. This is what Hive offers us, perhaps if we look at how things are done out there we will appreciate what we have more.
Aside from the thorough research that is required of us, luck in finding the right project is a determinant factor as well as the kind of project one seeks.
Now and then I hop onto Twitter to snoop around what the world of Web 2.0 has been cooking about cryptocurrency topics and on the occasion, this is what I found;
Want to earn up to 20% yield on USDC?
Try this medium-risk strategy.
It involves minimal smart contract risks but can be a pain in the arse to unwind.
Let's dive in.
Source
The Tweet mentioned it can be a pain to unwind and I found it so from the first-second thread, I lost interest because I have a means to earn 20% APR on my HBD which is a stablecoin pegged to the USD and it doesn't require the cumbersome process of having to collateralize any of my assets and borrowing AVAX against USDC.
The entire process was about 15 threads, which had me lost like I would when I get into the wrong WhatsApp group and exit immediately.
Before I exited though, a further read down the thread revealed the below tweet;
I go over my portfolio, past and present positions, every week and make it available to all premium members of my discord.
Source
Unless I am mistaken some Premium membership comes with having to pay some fee or subscription, or it might also be free probably.
And from the experience of being a premium member in the past, I have the privilege to view the influencer's fat account while mine stayed thin.
Oh, I did respond to the Tweet which I normally would ignore but just couldn't keep quiet when there are a thousand times simpler ways on earning 20% on your stablecoin.
The best reaction I got was 6 views, they must be wondering who is this clown and ignore me like they always ignore Hive.
The process might be risk-free and yielding results but, my point is that HBD offers a simpler way, buy some HBD, transfer it to save, and go to sleep plus you don't have to be a premium member to access anything on Hive.
We owe it to ourselves to make Hive great
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Great points.
By the way, there is another Hive link that is pack full of other links to LeoGlossary.
It would be great if you could use this one.
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Thanks, Task
I will utilize it in my future posts.
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Ah, ignorance is bad. Why would anyone want to go through all that process when there's a simpler way to achieve a similar return? It seems this Twitter folks are pretending to be asleep when it comes to Hive.
I wonder what goes on in their head when they about Hive, probably that blockchain without a central figure and the coin is not the most talked about and not in the top 50 on CMC.
!PIZZA
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Most likely. And that prospect doesn't look very appealing to the average person.
I prefer the simpler action and I don't think most of them understand Hive. So while it might be easier, getting there and understanding how it works is too complicated for them. Hive is also less well known so they might ignore it because of that.
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I think the things we define as a complication has to do with the mind as well, I got onto Hive with no one holding my hand, Hive is different from the ease of you like Facebook and other Web 2.0 platforms but I had to figure it out myself, I am far from the smartest guy around but at least I push to figure things out and not give up in few attempts.
!PIZZA
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Unfortunately, what seems like common sense to us here on Hive seems to escape majority of the crypto community. 20% APR on HBD is a no brainer, no bank in the world can or will ever give these rates ever. People have to realize the real power of HBD , let's hope that word gets to them soon. Most of us don't realize what we have until it's gone. Thank you for sharing bro and keep enjoying the festive season.
We shall keep enjoying what we have, it's their choice to join or not, we keep matching along even if we are few here. I am fortunate to have found Hive.
Cheers bro, enjoy the last Tuesday of the year.
!PIZZA
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