4 Most Popular Ways To Generate Passive Income Through DeFi [Presentation]

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(Edited)

Decentralized Finance has so many advantages over traditional financial system. First of all, it removes the intermediaries who eat up way too much of your pie and you are basically left with nothing. It relies on Smart Contracts which are self-executing programs that follow the terms of the agreement. Banks waste a lot of time and restrict your access at various levels. With DeFi, you get full access from anywhere, anytime. Just need a smartphone & a decent internet connection. Covid-19 has shown that traditional systems are unreliable since they require physical presence between parties and controlled by the rich. With DeFi, it's going to change.

For an average Joe, getting started with DeFi might be a bit overwhelming. In this presentation, I am listing down the four most common ways to generate passive income through DeFi services. I hope you will enjoy and learn something. And if you do, please leave an upvote and a comment!!

Special thanks to Cub Finance & Leo Finance community for helping me with my learning curve. I learned so much in the past month about DeFi and how to get started with it. Hence, I thought of sharing my knowledge with everyone else who is interested.

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Please Note: Cub Finance doesn't provide lending services yet!


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References taken from 1, 2, 3




https://leofinance.io/@finguru

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https://twitter.com/finguru6


finguru#4062


No financial advice. For infotainment purposes only.

Posted Using LeoFinance Beta



38 comments
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Can't wait for HIVE version of DeFi.

You're one of the most underrated HIVE Creator and I'm happy to be supporting your work!

Posted Using LeoFinance Beta

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Can't wait for HIVE version of DeFi.

It would be called HiFi. 😂 Btw check this: https://tribaldex.com/dieselpools/. We already have something like this made by Hive-Engine Team!

You're one of the most underrated HIVE Creator and I'm happy to be supporting your work!

Thank you so much Nathan. It means a lot to me!!!! You made my day and I am very much grateful for your support.

Posted Using LeoFinance Beta

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This is very Informative. Thank you for sharing.
How do I get started with defi in cub finance so i can start yielding or staking.

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You are most welcome @stevenson7. Glad I could help!

How do I get started with defi in cub finance so i can start yielding or staking.

I would suggest you to go through this first: https://docs.cubdefi.com/. And you can find more resources at the end of this blog. Please let me know if you need any help or have any doubts regarding this. Would be happy to answer. Cheers!

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Nice presentation for getting people started with Defi. Though I would like to add that people should put in only what they can lose. Unfortunately there are exit scams out there willing to pull the rug from under you. Its unlikely if you choose a system like CUB run by the LeoFinance team though.

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Thanks a lot @jfang003. I agree with you 100%. Before investing 'proper' research is recommended. Rugpulls are very common in DeFi space and one should move with caution. This is the reason why I mentioned Cub DeFi as my preferred platform. Certified by Certik's Audit, backed by a reliable team and Awesome community. 😎

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That was a very good presentation. I suffered a bit when I first started on DeFi because, as you said, it can be a bit overwhelming. Thanks to the great people in LeoFinance I'm learning more and more every day and already reaping some benefits.

I don't really have the knowledge and, to be honest, the patience that's required for trading, so being able to earn passive income is huge for me.

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Thank you so much @tfranzini. This place is so cool. You learn a lot every single day and then you grow by using what you learn.

DeFi has removed the entry barrier for everyone creating an open & encouraging environment. Just keep learning and pushing yourself to the next thing. Hustle must not stop 🛑 😬

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Nice presentation! Cubfinance doesn't provide lending options yet tough, might be a little misleading to include that in there.

Posted Using LeoFinance Beta

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This is a really nice presentation. Keep up the good work. I posted the link on twitter for more exposure. Do consider sharing in Reddit as well.cheers!

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Thank you so much @nonsowrites. Really appreciate the compliment!

Sorry, I am not on Reddit, maybe I did excessive spam and they blocked me from everywhere. 😂

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What nice graphics ! That makes it so much easier to read - specially for me because english is not my native. Thanks!

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Glad you liked the presentation @minimining. Tried my best to summarize the most common DeFi Protocols and explain them in a way that everyone could understand, even non-crypto people. I should have added the meaning of common DeFi/Crypto terms to make it more reader-friendly. Next time!!!

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