Exchanges offer DeFi tools that work like a fixed-term bank, but with some advantages. How is the performance on Binance?
The The crypto economy is breaking out strongly in Argentina, with more than 5 million accounts enabled to operate with digital currencies. But they don’t just help you save, it’s also possible invest and earn an income.
Stock exchanges offer the opportunity to invest Yield farming (or yield farming), which consists of participate in decentralized investment protocols (DeFi). to get rewards in two ways:
- Protocol incentives: read rewards or domestic interests of the project, which reward them for their “support”.
- Tokens to provide liquidity: The user receives native assets of the protocol they participate in
Thus, the profit is made through lending Funds to third parties: through programs called smart contracts, The lender receives commissions.
How much can you earn if you invest $1,000,000 in a “fixed maturity cryptocurrency” from Binance?
In the case of volatile currenciesi.e. those whose price can change abruptly against the dollar, Binance offers the opportunity to invest in them Bitcoinwith a 0.20% Annual Rate; And etherwith a performance of 1 % Per year.
In this way with 1,000,000 pesos would be acquired 0.035925 Bitcoins. Come on estimated returns in Bitcoin they are the following:
- 1 week: 0.000001 BTC
- 30 days: 0.000006 BTC
- 90 days: 0.000018 BTC
- 1 year: 0.000072 BTC
For his part with 1,000,000 pesos can be obtained 0.644953 ETH. In this case, projected returns for Ethereum they are the following:
- 1 week: 0.000124 ETH
- 30 days: 0.000530 ETH
- 90 days: 0.001592 ETH
- 1 year: 0.006482 ETH
In relation to “Crypto Dollar”Binance offers the opportunity to invest in stablecoins that are traded on a par with the greenback USDT, with an annual interest rate of 1.40%; And DAIwith an annual return of 4%.
Binance offers a 1.40% interest rate on USDT investments.
Therefore with 1,000,000 pesos would be acquired 1,024.25 USDT. Come on estimated returns in USDT are the following with their respective values in pesos at the current price:
- 1 week: 0.28 USDT ($268.52)
- 30 days: 1.18 USDT ($1,151.33)
- 90 days: 3.54 USDT ($3,457.95)
- 1 year: 14.44 USDT ($14,098.19)
Finally with 1,000,000 pesos can be obtained 1,024.25 DAI. In this case, projected returns for DAI are the following with their respective values in pesos at today’s price:
- 1 week: 0.79 DAI ($767.38)
- 30 days: 3.37 DAI ($3,292.90)
- 90 days: 10.15 DAI ($9,911.27)
- 1 year: 41.80 DAI ($40,808.49)
In Argentina, the central bank regulates interest rates, so the vast majority Companies offer an annual interest rate of 133%. Therefore, an investment of At $1,000,000 that leaves total capital plus income of:
- 30 days: $1,110,833.33
- 90 days: $1,370,713.56
- 1 year: $3,530,098.64
Although this profitability measured in pesos is higher than that offered by USDT or DAI at 90 days, Crypto tools offer hedging against the exchange ratesince stablecoins follow the price of the greenback..
Furthermore, it is possible Get out at any time with the profit you have achieved so farin addition to the fact that these instruments use compound interestso that the profit made on one day is added to the next, thus achieving higher performance.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
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