I was trying to score a bounty award from the Terra team (which I did not win), so I dived into some material that's a bit more advanced. The next few posts after this one are more introductory.
Our friend has been bragging about his cardano and various other staking pools with a defi exchange That is making him 80% apr a month on staking to rewards pools and something about mirrors. He is even making an extra $50 a month from his tether even. It is wild
"Something about mirrors" could be mirror protocol, so if he's active in their discord I might know him.
There is defi on most major blockchains now though. 80% APR implies annual, not monthly (80% monthly is more like 960% APR. I see yields like that sometimes, but they rarely last long and always come with substantial capital risk.
I was trying to score a bounty award from the Terra team (which I did not win), so I dived into some material that's a bit more advanced. The next few posts after this one are more introductory.
Our friend has been bragging about his cardano and various other staking pools with a defi exchange That is making him 80% apr a month on staking to rewards pools and something about mirrors. He is even making an extra $50 a month from his tether even. It is wild
"Something about mirrors" could be mirror protocol, so if he's active in their discord I might know him.
There is defi on most major blockchains now though. 80% APR implies annual, not monthly (80% monthly is more like 960% APR. I see yields like that sometimes, but they rarely last long and always come with substantial capital risk.
Yes annual not monthly but because he is restaking profits it is higher monthly he said
Compound interest is a powerful beast!
Yeah, I talked briefly with him a few days ago. If I recall right he got defi tokens or something on the cheap last year