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RE: The CryptoManiacs Podcast - Episode 101

in LeoFinance4 years ago (edited)

Jon, you're confusing people about that APR man, lol.

The APR would actually be around 3000%! 750% was after around 3 and a half months, and I just multiplied that by 4 for the entire year for a rough APR. Incredible, I know! And that's only for LISTNERDS tokens, without calculating anything related to CTP rewards received as a stacker inside Listnerds.

And yes, that's the mother of all defis at the APR level for anything longer than a week. But it doesn't scale for large amounts invested, and the person involved needs to have a long term approach otherwise it makes no sense. The APR number alone can be mind-blowing, but one needs to understand the context or they might be looking to do some yield farming, which is not applicable, not even far.

Listnerds is not a defi, as you said, yet the APR can be (was for me) defi-like from the launch phase. But anyone joining Listnerds looking for a standard defi platform will be disappointed, because its business model is completely different: marketing, building audiences and networking.