Well you’re a degen and you love Defi! You’re hoping to buy a few tokens of a project you saw your favorite YouTuber mention and let those babies compound over a year and then cash out the million dollars those tokens grew into. You can tell all the doubters and haters that they were wrong, and you were right, crypto can make you rich! So now you have found a protocol with a huge APY and assure yourself this is the one and ape right in. Seems straight forward enough and 5% daily interest sure doesn’t seem like it will be a problem over the long run…right?
Although this seems simple enough and if you call yourself a degen you can probably say you have done this a few times. This method has made money for a few, but the many are left to pick up the pieces of these fail projects. It is not just the smaller projects that have folded under the inability to sustain themselves. The reason is quite simple, you cannot expand and inflate at those insanely high rates and expect to not see a huge drop in token price. When the token price is dropping faster than your rewards are coming in, well we all know what happens then. In recent years we have seen the major players, the industry leaders, the projects that started it all, crumble as the bear market set in and every token experienced huge drops. We do not need to mention Time Wonderland for you to see where I am going with this, even the mighty Tomb Finance and Titano are not looking like the great investments they once did.
In Steps Serenity Capital
I think many investors have learned some lessons now and taking our lumps and losses can make us better, more informed degens. We can now learn to dig a little deeper into these projects and find one that aligns with what we want to invest in. I know for myself, I put a real importance on a strong community, a true roadmap and vision for the project. Its quite easy for all these projects to just list a whole bunch of nonsense they are going to release in the 4th quarter just hoping to get users in and figure it out later if needed. I also want to see a strong chart as well, that is not an easy task right now but somehow Serenity Capital has taken everything this bear market has thrown at it and is still not only standing but thriving!
One of the two tokens used in the Serenity Capital ecosystem Serene (pegged to ETH), has managed to stay above peg for weeks now with no end in sight. The protocol is paying and rewarding the investors and those investors are growing their holdings on a blue chip crypto.
Why is Serenity Working so Well?
There are many reasons and the main one might just be because it is not paying out a silly, unrealistic APY that will crash the project in a few months or even a few weeks in some cases. We all want to see 3, 4, 5% daily payouts but it just doesn’t work. Now, don’t get me wrong Serenity can be very profitable for the investors and at 1% daily or very close to that, you are going to see your capital grow noticeably. But the real key to these projects is keeping the token price high or what does it really matter what rate of APY you are paid? This is where Serenity Capital is really setting themselves ahead of their competition.
Final Thoughts.
I love what the team at Serenity is doing, I love the community they are building. I love that their token is above peg and paying their investors! I love how they continue to partner with other super high-quality projects like the 2|3omb partnership just formed and announced. I see this as a solid investment, and I see Serenity as a project that can help us degens transition away from silly APYs and rug pulls and into projects that can be truly sustainable and make Defi what we all hope and want it to be.
If you want to join the Serenity community, you can visit the Serenity website, join their Discord server or hit em up on Twitter. Always do your own research and educate yourself as well as possible because I am not giving you financial advice!
