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/biz/ - Business & Finance

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24806549 No.24806549 [Reply] [Original]

Crypto smoothbrain here. Explain defi to me like I'm a child. How the fuck do I make money by lending my tokens out to people? Do I only get profit from the fees I receive by pulling my coins back out? If so, how tf is that passive income?

>> No.24806598

ah yes hes questioning the ponzi now

Sell sell sell

>> No.24806700

>>24806549
They are pyramid schemes.

>> No.24806775

>>24806549
Pajeet
Pajeet
He shits on the
Street

>> No.24806915

>>24806549
XRP is a good example of DeFi

>> No.24808296

>>24806549
Say person A wants to buy shit but doesn't want to sell his ETH
He can borrow USDC using his ETH as collateral
He is also charged a fee to do that, which is distributed between liquidity providers (you)

>> No.24808322

whatever you do, DON'T BUY $RFIMAX

>> No.24808661
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24808661

>>24806549
Don't worry about it, relax, you sound like you need a rest.

>> No.24808891

>>24806549
buzzword, it means nothing and the pathetic defi bubble is already dead