I just wrote an article about EDS. This is the Eddie-earner token on Hive-Engine.
The yield is 21.6% annually. In the crypto world that is nothing and something I am sure people laugh at. Yet if we pull our heads out of the clouds, most people would kill for that return.
What are your thoughts on Income tokens? I think the DeFi world is still amok over the insane yield farming. While it is natural and we should take advantage where we can, the masses are going to need something a bit more realistic.
This is where income tokens come in.
What are your thoughts?
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Part of the issue will be volume. These things are great but it's not like you can put $50k in them. They're mostly for small amounts. Some people can get a little more in them, maybe a few thousand dollars, but that's about the limit. Personally, I love them and hope they continue to develop. Maybe down the road we could create a million dollar fund....
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Lol that is true. I don't think we could even make a million dollar fund right now in HE. As for a fund for Defi, its definitely possible as there are billions locked in value but I have no idea which ones are good.
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Hive-Engine is not going to enable for a million dollar fund.
It has too many challenges I believe. That is why I think we are going to see one of the other projects really start to shine when it is released. Something with a bit more horsepower could end up generating a lot more activity.
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They have no volume because they are on Hive-Engine which, overall, has no volume.
Hence we are in the situation you suggest.
Over time, we need to branch this out to get more people involved. As the crypto bags fill, volume could increase. It is important we keep growing every area.
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wow a fund of that amount would be really good, and thinking ahead I think that HE would no longer be seen in the same rung as we can be now!
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I think income tokens are great but Defi is the shiny thing because of the high APR. At least you know the project has the ability to keep things going without much issues.
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No doubt that DeFi is the new thing. Of course, income tokens on a decentralized platform are DeFi too. LOL
But I get what you are saying. The quest is for the insane returns yet we see a lot of people overlooking the simply but effective strategies.
Adding something like this keeps the APR flowing on a consistent basis. This is important for long term growth.
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I agree with that, if we look back a couple of decades, a return close to 15% was offered in the banks, that has been in free fall until now, offering less than half of that% on occasions, surely there will come a time where everything levels off and have an ecosystem a little less unbridled, meanwhile risks are measured and opportunities are taken!
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Was still figuring out the real basics of Hive when cub launched so I didn't get involved with it (that and the lack of needed tokens/crypto etc.) the insane percentages also looked scary, too good to be true terrain. High risk=high reward so at the moment I'm happy gathering a few income tokens here and there.
Who knows I might read up a bit more on the next opportunity like that but for now I'm good as it is
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I thought Project Blank would be released sooner so I was powering up LEO for the screenshot. But as you know, it has been delayed so I am busy waiting. Right now, Cub Prices are down and it seems like it has some decent risk/reward.
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Yeah, still building here at the moment. Don't think I have enough now even if I wanted to get in on it. Seems like it's doing well it just looked so crazy coming across it for the first time, it looked kinda scary hehe. Especially since I just joined and never seen such percentages.
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It sure scared the shit out of me too lol
But I think it's a solid project with a lot of potential
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Sure seems to be that way!
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I don't know a great deal about income tokens. Another topic for me to research.
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Add it to the list.
I bet it keeps getting longer too.
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I'm holding a very small amount of EDS token, have won those to be honest. I'm keeping an eye on the project and supporting it through upvotes. I wish I have large funds to invest in everything :)
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Its the biggest issue most of us have. We just don't have enough HIVE for everything.
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