Why Traditional Banks Can Be Inferior to Decentralized Finance

You have an account with traditional banks. What do you have, BPI, BDO, Metrobank, Chinabank? Either way, if you let all your funds sit there, here is what you will get: less than one percent of your deposited amount. That’s their APY (Annual Percentage Yield)

Let us say you have 100,000PHP with BPI with a 1% APY. After one year, you only shall have gained 1,000PHP. Well, 1,000 PHP is better than nothing, right? Well, yes; it’s better than nothing.

But if you want an alternative way to grow your fund, stop following the majority. Challenge convention. Defy established system. DeFi is the answer. Decentralized Finance is the hottest topic in the blockchain space. We are getting rid of the centralized banking system that can be exploitative.

By defying the established system through DeFi (Decentralized Finance), you can gain tenfolds of APY compared with that of the traditional bank’s APY. How can you start? Well, introducing Metapool, the liquid staking platform on NEAR Protocol. I can’t wait to share with you the benefits of staking with Metapool. Stay tuned for more information on this.

Check out their site here: https://metapool.app

Disclaimer: this is not a financial advice. all information found in this content are for informational purposes only.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
NEAR Protocol PH

NEAR is a decentralized application platform that is secure enough to manage high value assets like money or identity and performant enough to make them useful