I was contemplating whether this post should be shared in the Dr Wealth blog but thought otherwise because this idea can be very controversial and I expect a healthy round of debate around this idea I have.
One of the things I do above and beyond training and investing is to challenge myself to see whether I can invent new ways to attain financial independence. And one of the things I teach my students to be wary of is liquidity pools. The idea is that for exchanges to be run in the cryptocurrency world, some folks need to provide liquidity in the form of currency pairs, those who are willing to do so can be rewarded. For obscure pools that need liquidity, rewards can be over 100%. The catch is that yields fluctuate and you get rewards in the form of tokens which can be volatile.
Naturally, I've been playing a few pools myself and after putting about $5,000 into...