Good things come from BROS in the Mancave
Over time, I had to watch plenty of projects grow from either The Mancave @raymondspeaks founder or the other BROS (those that own $BRO) in the server. There always seems to be someone building something and there is quite some talent collected in that server. Although I'm not a man, I have met Ray on another platform that utterly failed, but at least I made some connections there and Ray is one of them. When I wasn't active on Hive due to abandoning my old account, I decided at some point to contact Ray again and tell him that it was me as I felt shitty that someone else had to lie for me as if I wasn't there. While in reality, I was keeping an eye on The Mancave restart and felt bad for not being there from the start. Since then, I've kept a close eye on the things happening there and today I want to share with you the latest news that I picked up in the cave.
Working on growing stakes to be able to join more projects
I do admit, that I missed out on quite a few tips that were given (sometimes really early) by the guys in the cave, but such is life, what to do but accept it and try to unlock more funds over time and join other stuff later? That's exactly what I've been doing, trying to build, and in all honestly, things are slowly paying off. I have more options to join projects and also decided to build towards a constant liquid balance to have on Hive somewhere this year so that I never miss out on an opportunity again. Currently I often only buy into projects for 50-100 bucks, while I would prefer making that 250-500 bucks each time.
I was happy to find an announcement about DEFI token by @hivebuilder
I often browse through announcements and some community posts to see if there are new things that I should keep an eye on, and this time I was pleased to read that this DEFI token has a very appealing structure and doesn't even require staking, just holding. That's honestly one of the things that I love most about $BRO from the Mancave, that you just need to hold them. If at any point you should need liquidity, it's easy to make that happen. I also think that this is appealing to people that just joined Hive.
DEFI token doesn't need staking either and has a very different structure than most tokens on DEFI platforms, where de returns go down, DEFI returns will go up each week. Yes, you read this correctly. Let's check out what they said in their post about the token:
As the token is pegged at 0.1 Hive, and can't be sold for lower than this, it seems like a no-brainer to buy into this project.
APR starts at 10% and goes up weekly
Once the token is launched, this will probably be in 3-4 days, so I was told in the Hivebuilders discord, the APR is set at 10%, after 1 week, it's 11% and this will continue to grow with 1% each week until 40% is reached (week 30).
So you may wonder where the funds come from, as mentioned above they come for 90% off-chain. Also good to know is that you could check out the other posts coming from @hivebuilder to see the previous token released (HBT) and check what people think about that project. I personally missed out on HBT token and decided I'm not going to miss out on this one. I will try to buy as many as I can until launch and thought I should share this with you in case you missed the announcement.
Link to Hive Engine DEFI token market
Of course, DYOR as it's not financial advice :)
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