QNT and Liquidity Pools - Thoughts?


So, QNT - I missed the boat a little on this one as I kept trying to juggle funds around. I finally got in a few days ago and there is so much good stuff to read out there about this cryptocurrency - it's basically an overledger that enables interoperability between multiple distributed ledgers. It's a heck of a neat technology that will help connectivity among networks, platforms, etc. I encourage you guys to read about the project. One of the most valuable things to hone in on is the maximum available supply - 14,612,493 - of which 12,975,667 are already circulating. If this technology takes off, then this limited supply will make it much more valuable over time. Not financial advice, but worth a look.

Liquidity Pools - So I am starting to explore CakeFi to contribute to the liquidity pools and see what this crazy APR is all about. I am curious if anyone had any negative experiences with CakeFi or any good tips on alternatives to CakeFi. It seems relatively straight forward and I know there is risk involved with how the mechanics of liquidity pools work. I am in the US and with all the Binance mess, I really wouldn't want to use anything within the Binance ecosystem. That's just me being risk averse.

I would love to hear thoughts or opinions. Celsius is fine for a relatively low, but steady return (higher pay rates than BlockFi), but I think it is worth for any serious long term investor to cautiously explores ways to maximize returns if we are somehow in a bear market.

Let's keep spreading the knowledge!

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My New Passion - Crypto - BTC, ETH, ADA, Oh My!
My New Passion - Crypto - BTC, ETH, ADA, Oh My!

Life is about perspectives and how you choose to see the world. The pandemic has been awful for so many...but opportunities arises out of hardship. I lost my job at DLA Piper - second biggest firm in the world - during the pandemic. Sucked, however, it did give me TIME. Time to read, time to think, time for many things I wouldn't have had on my normal robotic path as a corporate lawyer. I discovered the world of crypto during that time and now I'm hooked.

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