Ventured to the Man Cave Project - the brofi defi project

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Delegated assets worth more than 7.5k to BroFi - looking forward to more defi projects on hive

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I always had a wish to acquire good amount of Leo, since I could not grab a lot when the leofinance project started. And the recent price movement in Leo, brought back the opportunity again, and I bought around 12k Leo. But then I was not sure, what to do with these Leo power. I am not a regular curator on leofinance and based on the information I got, I understood, I could delegate it to @leovoter and earn some passive income. But at the same time, I came to know about the Man Cave Project and the @brofi defi project from @brofund. This post from @themarkymark gave me some initial idea. I was not quite sure, which one would get more profit, but then it also came to my mind that, I had acquired a large stake of STEM sometimes back and that was also sitting idle.

So investing in the @brofi project seemed more appropriate to me, as I could delegate both my Leo and STEM and earn some passive income. And now I have delegated assets worth more than 7.5k USD and believe, this will be a whole different experience to grab some BRO.

Coming to these delegation models or defi projects on hive, it would be great to have a live comparison of returns offered. If someone develops a new tool, may be it will attract interest from outside investors as well. Recently the HBD interest model also caught my eye. Having a 10% interest earning, is definitely great return, especially with HBD price being more stable to be at par with 1$ or more. We just need to showcase these models as part of our marketing to external investors. I am sure, it will attract new investors, if its well backed by live data.

The good part with these investments is that, we do not pay any tax until we convert them to fiat. I feel, the HBD interest is a very good opportunity to create a regular small retirement fund. The capital can just stay there, and the interest can be withdrawn.

Does anyone knows if there is any tool, that showcases the returns of various defi models on in terms of USD ? If nothing is there, can a new tool be developed that would show the live data feed ?

Posted Using LeoFinance Beta



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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 80 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

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I don´t know of any tool that you asked about but I did notice the very attractive interest rate on HBD savings here on Hive and already tried it. It works just fine, the interests are currently added to the savings every month. Very cool defi product, if only more people outside Hive knew about it...

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I got to know about brofund sometime back and the kind of dividends they are paying is great. I am keeping a close eye on this project. thanks for sharing about it.

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I too wnt to earn passive income sir, would like to know more how to do it. 😊

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Both off-Hive and on-Hive, it is still not very user-friendly to keep track of your daily earnings, APR over time with inflation factored in, etc. A lot of this still comes down to keeping records and doing a lot of math. I think for crypto to come into the mainstream, more statistics must be available within the user dashboards.

That being said, I don't think you will be disappointed with your delegation to @BroFi and the BRO tokens you will earn. I hold 100 BROS, and don't intend to sell them anytime, it's a good passive income for me.

Posted Using LeoFinance Beta

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