One-Minute DRIP Part 2
The Magic of Hydration
In Part 1, I discussed the fundamental benefit of the DRIP Faucet: when you make a deposit, it will return 1% of your deposited amount every day for 365 days. Depositing 10 DRIP (approx. $400 at today’s price) will yield 0.1 DRIP ($4) every day for the next 365 days, for a total of 36.5 DRIP ($1,460).
After fees (known in the protocol as taxes), the amount you would claim would be 29.56 DRIP ($1,182 or 295.6% return). [taxes will be discussed in a future article].
While this is an amazing return, what takes the protocol to the next level is the ability to compound your returns, which is called hydrating. If you hydrate your earnings every day, you will receive the benefit of compound interest, which turns your 365% return into an astonishing 3,778% return.
On top of this incredible return, your 365-day timer resets when you compound, extending your payout for 365 days after the compound.
It can be difficult to really understand the power of compound interest in the abstract, so Part 3 will present a case study comparing two scenarios for a 10-DRIP deposit. See you there!
Go here to join DRIP: drip.community/faucet?buddy=0x6041de7003247d15FcBfDd61A82ae634FF94149F
You will need a Buddy (referral) to join DRIP. If you would like to use my Buddy code, here it is: 0x6041de7003247d15FcBfDd61A82ae634FF94149F
I am very happy to help you get going with DRIP. Feel free to reach out to me on Telegram: @xDexG (note the extra ‘x’ before Dex). If you use my buddy code, I will help you through the process step-by-step.
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits, or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.
