Making defi investment easy.
What if you could invest in decentralized finance without knowing anything about it?
What if you could purchase a defi investment position as simply as you buy food from a store or gas from the petro station?
This is the premise or business model of EasyDefi @easydefi a business on Hive geareded towards making this a reality.
Complexity, Risk, Fees and losses
Although I am enamoured with decentralized finance, not everyone is, and the risks are legendary.
The first time I read about the program called @easydefi I was impressed, but did not invest in it out of pride, the pride that I knew how to invest in defi myself.
But I revisited the business with the closing of the No Loss Lottery, another business on our blockchain which I thought was a good idea, but I didn't need it because I knew how to do the thing myself.
I came to the realization that while I know how to do a thing, I may not need to do a thing, and it may be a better use of my time to do something else, and pay a small fee to have it done.
The other thing I realized is that just because I know how to do a thing doesn't mean I am really good at it.
I know how to invest in defi, but do I do it everyday? NO. Do I keep up with the APRs offered on the farms and the various advantages and disadvantages of the Leofinance project Cubfinance? The answer is No.
So perhaps it is better to invest with someone who does? I think the answer is Yes.
Finally, we all want to see the community grow, and become prosperous so our investment grows in value and our community becomes famous right? I think the answer is Yes.
So sometimes that means investing in businesses in our community. I wouldn't put my life savings into @easydefi But I think we should all consider investing in the project to keep it alive and keep it available to newbies or others unfamiliar with or uncomfortable with defi.
Afterall, we all want this ecosystem to succeed, and that means the businesses in it must succeed, and how will they if we don't participate? The answer is the business will not survive.
So I plan to invest in the business @easydefi and help keep it alive during this bear market, and keep it available to newbies because it is a good example of what mass adoption vehicles look like on the blockchain.
What do you think?
Picture Source is Pixabay Royalty Free Photos.