Kamis, 27 Juni 2024

This ‘Smart’ Tech Helps You Find High Yields

Defy low (and falling) yields with DeFi. Here's how.
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June 27, 2024
This 'Smart' Tech Helps You Find High Yields

Dear Subscriber,

Editor’s note: Earlier this month, we asked the Managing Editor of our sister publication Weiss Crypto Daily, Beth Canova, to give us a crash course on how to get set up for one of the most powerful income presentations we’ve ever seen. 

Today, we invited her back to give us one more, and frankly the most powerful, lesson on how to start earning Superyields as soon as today in your account. 

I’ll let her explain …


by Beth Canova
By Beth Canova

So far, we’ve covered how to turn your cash into crypto on centralized exchanges. And, once you’ve done that, how to set up soft wallets and hard wallets.

Once you’ve followed those steps, your next logical move is to dive into DeFi. 

This is where you’ll find the Superyields we discussed before. 

Remember, we’re talking about yields that are 12x larger than bank CDs, 21x larger than high-yield bonds and 125x larger than regular stock dividends. 

Click here to see full-sized image.

 

These aren’t just pulled from extreme examples. These are real trades. 

So, what are these high-income-producing investments?

I’ll give you that answer in just a moment. 

First, let’s start with where you can start looking for them right away … and as often as you want to find them! 

Defy Low Yields
with a Technology Called DeFi

DeFi — or decentralized finance — is a sector within crypto that aims to remove third parties and centralized institutions from financial transactions.

All the platforms and projects in DeFi are currently, or are working to become, noncustodial. Meaning they let you keep complete control of your crypto.

For a new DeFi project to even have a hope of succeeding, it must embrace the core crypto ideology of “not your keys, not your crypto.”

In short: DeFi allows you access to financial platforms — that offer lending, borrowing, trading, insurance and interest on your crypto — without you ever needing to give your crypto to a third party.

I hope you can see where this is going already.

This is starkly different to traditional finance and even centralized crypto platforms such as Coinbase or Binance. 

In those cases, you are required to give it custody of your assets so it can invest or trade on your behalf. In other words, you as an investor need to trust the firm you’re dealing with. 

A centralized platform could get hacked. A broker could go under. A bank could default. Even a dividend payer could cut their distributions.

DeFi cuts out all these middlemen. How?

Through smart contracts — algorithms of “if/then” code that run on a blockchain when certain conditions are met. Basically, “if” a condition is met, “then” the code is enacted. The action is then recorded and verified on the blockchain.

For example, let’s say you’ve got some Ethereum (ETH) sitting in your crypto wallet. 

You’re not planning on selling anytime soon. So, you decide to lend your ETH to a reputable DeFi platform in return for a reward, an act called liquidity providing.

When you connect your soft wallet (e.g., MetaMask) and lend your ETH, you enact a smart contract. One that says if there’s an Ethereum transaction on the platform, then you get a percentage of the fees received by that transaction. 

This happens because you provided the liquidity (your ETH) that allowed the platform to function. 

It’s also the mechanism to collect interest on crypto … that can be so large we call it a Superyield.

Expert Yield Hunter Marija Matic has just identified one you need to know about.

And now that you are armed with the info to get started, you can act immediately on these Superyields … the very ones that pay 125x larger income streams than stock dividends. 

Click here to learn about them in detail … and watch as Dr. Martin Weiss himself locks one in.

Best,

Beth Canova

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