How Medusa Revives my Ponzi Hopes with a 10x/month
The one stop shop to stake your BUSD
Did you ever hear about AMM or Citadel? While Citadel is still running at the moment, AMM has already come to an abrupt end at the end of 2022. If you know the two platforms, you basically already know what Medusa DeFi is about. It is a much more transparent and trustless version of the two previously mentioned. And all that with even more fun!
As the title suggests, there are some ways to make a 10x with this system in 30 days, when you have enough people signed under you. I’m currently at level 2, even that gives me a 2% daily and additionally juicy referral commisions! Should Medusa DeFi grow steadily and slowly as it is at the moment, this project has great potential to last long term.
But what are the facts now? So Medusa DeFi‘s home is on the Binance Smart Chain and you need BUSD for staking. There are 5 different levels you can earn money on and the daily ROI is between 1.5% and 5.5%. Prerequisites for reaching the next level is a certain value of BUSD in the stake and a certain number of referrals. Earnings can be compounded or withdrawn daily. Exact data can be found in the table below, as well as the referral commissions
Deposit fees are 0% and withdrawal fees depend on the level from 8% on level 1 to 1% on level 5 descending.
The community is very involved in decisions and asked for support. Therefore a clearer UI will be designed promptly and also the display of referrals and commissions. In addition, there are already 2 proposals for sustainability that are being incorporated.
Proposal 1: Staked funds will be transferred to a separate contract that is allowed to be farmed, put into trading bots, and other revenue streams.
Proposal 2: Governance over protocol decisions in terms of what to do with staked contract balance.
The article contains referral links, which support me, the author. As always: Nothing in this article should be considered financial advice or a financial recommendation. All information is provided for entertainment and experiential purposes only. Only invest money that you can afford to lose and DYOR!
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Website | Discord | Whitepaper | Contract
