4 Exciting DeFiChain Strategies to make up to 100% per year
Bake started offering Dollar Cost Average in DFI and thousands of people have taken advantage of it. While it is not publicly known how many people are DCA-ing, since Bake is not an exchange, they are doing it all on-chain, which can be tracked and is currently at a few million USD almost every day. This is very strong buying pressure that is unlikely to go away as it is repeated every month.
Second, in August, the DeFiChain masternodes voted to use 90% of the collateral of their wrapped coins that are stakeable (Ethereum, Solana, Polkadot, Matic and Sui) to spin up nodes, stake them and use the rewards to buy and burn DFI. Currently, this is about $2,000 per day in additional buying pressure that is not only holding but increasing.
Next, at the same time, DeFiChain masternodes voted to reallocate bonus rewards to the liquidity mining pools (which is liquidity for the native DeFiChain DEX) for the above coins, which increased the utility and demand of DFI. Millions of dollars are being traded every day, generating returns of 100%, just as Binance makes more money when coins are traded there as well.
- On top of that, the DFI sell-and-burn bots have been turned off by the master nodes, which worked really well about a year ago, but have since been rather destructive to the DFI price. Since they are off, net buying on the DEX is through the roof.