Guys like me are constantly looking for passive income opportunities in the crypto space. Day trading has turned out disappointing, (for one reason or another, lack of skill and/or interest etc.) More often than not, you need a bit of speed and luck to find projects that are not only reputable, but offer good APRs and have a solid foundation, a good auditing record, and a promising future, offering an actual product. More often than not, one or more of these things are missing, and while memes can pump hard, more often they fail miserably. No, for folks like me a solid product is more important, even if it takes longer to make profits. On the other hand, places like Uniswap offer so poor APRs no one but whales are farming that crap. No, even though I said I can wait, I wont wait for THAT long.
Oasis network has recently partnered with several promising projects, latest of them being Vine Money. Every project I've seen launched in Oasis has given me solid returns and the teams working on them seem trustworthy, as much as anyone in dex spaces can be trusted (make of that what you will). I plan to write a few posts on their different projects on that chain, but today I'll focus on Vine. It was launched just a couple of days ago at https://vinemoney.xyz . By the way I am NOT associated with oasis, vine or any other project atm in any official capacity. This is not an ad, just trying to help people get some profits while they still can. The info is time sensitive, since the bigger the pools grow the more the APRs go down. So getting in early is important, but the gains seem to be okay for latecomers as well.
Basically, Vine Money is planning to introduce a privacy-focused stablecoin called vUSD. Long story short, it works by depositing Rose as collateral and getting a vUSD loan in return. Holding vUSD generates rewards in VINE token, and you can put the vUSD in various pools to generate even more rewards. The APRs a huge: at the time of writing, Holding vUSD gives 3000+ % rewards which can be boosted up to 2x. The boost formula is more complicated, so you wont actually get double boosts, but more on that can be found on the docs on their site.
As you can see, just by holding vUSD debt generates yield, which can then double-dip into stability pool for even more rewards. Keep in mind though that those rewards are in VINE token, which is fine, hovering around 0.33c, in a stable manner. The crucial part is that rewards are locked at launch for 26 weeks after claiming them, so don't expect to use them instantly. This is a patience game, and if it provides stability to the project, all the better. There were some kinks and errors at launch, but overall the experience has been as smooth as can be expected. Errors are fixed quite quickly and the mods are responsive at all hours, which is a plus.
Obviously there's so much more to Vine Money, but this is your chance to get to know about the project. Read their docs and website carefully, and do your own research. None of this is financial advice. That being said, I find this one of the better projects out there and sincerely hope it succeeds. With a solid product behind it, I dont see why it wouldn't. I'll be writing more about Vine in the coming days. For now, keep those gains going!
Metal4444 (Telegram)
