Similar to traditional investors, DeFI/Crypto investors love the staking yields, attractive APR/APY etc! Many people are always having the of wet dream of FIRE (Financial Freedom and Retire Early)! One of the main way that everyone know is passive income > expenses. But how do you get passive income?
The most common is dividend income. Put 1 million of your capital at 6% yield in dividend stock would generate $60k per year or $5k per month. If your expenses is lower than $5k per month, you can quit rat race! Then you can FIRE!
For Crypto in 2021, this is even sexier. I am sure that if you are actively in the Crypto world in 2021, there are tons of protocol that advertise xxx% APR/APY or even xxxx% APR/APY? WOW! Great! We can use this DeFI yield to achieve Financial Freedom in Crypto!
How sexy would it be if you heard that this particular DeFi Protocol is generating 300% APR?...