#1925 - Q&A: “Can you really earn 150% interest through DeFi?”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K 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.
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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
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| 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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