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Side Hustle School

#1925 - Q&A: “Can you really earn 150% interest through DeFi?”

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Small Business, Careers, Entrepreneurship,, Entrepreneurship

4.73.3K Ratings

🗓️ 9 April 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

Decentralized finance, also known as DeFi, offers the chance to earn high levels of interest (often 150% or more) in exchange for depositing funds. It’s not for the faint of heart, but if you like the idea—what’s the first step?

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Want it all? You'll find it here. Because at UE Bristol, we empower students to make a choice,

0:06.1

to choose a community of bright minds and courageous thinkers, to choose to stand out,

0:11.0

with courses designed to equip you with the most in-demand skills, to choose a mindset,

0:16.0

the kind that employers want and need. Don't just choose a city, don't just choose a course,

0:20.8

choose to do university right, choose UE Bristol, not just another university. But don't just

0:26.6

take our word for it, search UWE Bristol today.

0:38.4

Over the past six months, I've been on an adventure in decentralized finance. Also known as

0:44.4

DEFI, talked about it a couple times on the podcast. It's been really interesting. I have learned

0:49.0

all about staking, which is effectively depositing money in different digital currencies or protocols

0:55.4

and exchange for rewards. Usually with cryptocurrency or any other investment, your main hope is that

1:01.7

the price of what you're investing in goes up over time. That's the goal. You know, buy low sell high.

1:07.6

And with staking, you still hope to see that price increase, but the benefit is you're also earning

1:12.6

rewards every day in the form of interest. And this interest is often very high. It's frequently

1:18.2

20%, 50%, sometimes 100 or 150% or more. This is not a joke. It's not a scam. It definitely involves

1:25.8

some risk to be clear. But I'll listen to today once to know how to get into this. So I'll answer

1:30.4

that question. And there's no product affiliation, by the way, here. I'm just sharing my experience.

1:34.8

Of course, you should always do your own research. Welcome to Sideosal School. My name is Chris

1:38.8

Gellibot. I'll bring you the detailed question and my answer after this sponsor message.

1:43.4

When you're buried in orders and emails from stressed out customers, you'll wish you had ship station.

1:49.7

They're going to help you keep customers happy and still find time to enjoy some eggnog.

1:54.3

That's right. It is the holidays, the most wonderful time of the year, also known as the most

1:57.7

hectic time of the year, especially for everyone out there who is selling something online.

...

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