I did a little math for you, see belowLets say the USDC is paying out 9% interest yearly and you have 5,000$ worth of USDC9% of 5,000 = 450450 divided by 12 months = 37,50 paid out at the end of each monthAfter the 1st months payout you will have a total of =5,037.50In the second months payout, the 37.50 you earned the first time around, will net you even more interest = 37.78 and your total will be 5,075.28Third month = 38.06 and your total will now be 5,113.34This is called compound interest, hopefully, you get the gist of itCompare this to your local banks savings account and you get 0.03% interest a year, LOLStop losing money to inflation and get in on the fun.Now give me an upvote because I hate math and I did this for you-all 😅.
Submitted October 24, 2021 at 03:47PM
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