You're Currently Losing Money If You're Not Earning Interest On Your Crypto!

Putting your Bitcoin to WORK - DeFi Rabbit Hole Dive - Review - Cake Chainge BlockFi - Don't Miss Out On The Next Big Thing!!!

By Red State Blues | Red State Blues | 1 Mar 2021


Several businesses have hit the scene promising to be THE SOLUTION for rewarding crypto investors with interest for depositing in their pool. I'm sure many of you reading this have recently been shown ads for one of these or other similar services. 

DeFi is revolutionizing Finance. How Can Make Sure It Doesn't Pass You By?

I have tried several of these and below are accounts of my experience using each: 

 

CAKE DeFi (Sign-up Here: https://pool.cakedefi.com?ref=515621 )

  • Cake DeFi's user interface is incredibly simple and intuitive. Taking the step towards using one of these services can be very intimidating and Cake does a great job of informing and educating their users so by the time you're prompted to deposit your crypto, you feel a level of confidence in what you are doing.
  • Cake offers several options for users to generate returns at varying levels of risk and accessibility while staked:
    • Liquidity Mining - Deposit into shared liquidity mining pools and mine coin pairs for rewards without the maintenance 
    • Staking - Join masternode pools and earn staking rewards of up to 37%
    • Lapis - Base APY and guaranteed returns

 

Chainge (Sign-up Here: https://www.chainge.finance/?referral=3004be4e526b48cc85484c12bc17f052 )

  • Chainge offers super simplified financial automation to a wide market of investors ranging from beginners to professionals. 
  • Once you get past the initial waitlist, you then have access to a very simple intuitive dashboard that allows users to deposit their crypto for very competitive rewards and rates.
    • Deposit Bitcoin (BTC) - earn 8.32% APY Compound Rate and one CHNG reward for every 0.000002 BTC earned 
    • Deposit USDT - earn 16.18% APY Compound Rate and one CHNG reward for every 0.1USDT earned 
    • Minimum deposits to qualify for earning rewards, they are lower than many competitors and vary based on price but usually hover around $500
  • Chainge's most noticable benefit standing out to me (in addition to the CHNG rewards) is how it works with customers to ensure the maximum amount of liquidity if users need to withdraw their investment. 

 

BlockFi (Sign-up Here: https://blockfi.com/?ref=a0615795 )

  • BlockFi is an established player and wields more namebrand recognition and trust than many others on this list because they have been around and have meaningful large partnerships. 
  • BlockFi does not have the highest interest rates, but it does support a very wide variety of cryptocurrencies as well as offering crypto-backed loans. All the technology underlying the crypto industry has the potential to disrupt longtime financial powers. BlockFi's loans are very interesting to me and I plan to continue following the company as it innovates in the crypto space. 

 

I know there are A LOT of businesses like this and I am barely scratching the surface - if you know a good one or are curious about a new business, Please leave a note in the comments and I will be happy to investigate! 

 

As always, thank you for reading along and don't forget to TIP your blogger ;) 

 

 

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Red State Blues
Red State Blues

Progressive Organizer and Activist in Deep Red Oklahoma - trying to make a difference one campaign at a time.


Red State Blues
Red State Blues

Writing about cryptocurrency, finance, politics, and fringe movements

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