Steem/Steemit: A true appreciating and income producing asset.

The amazing thing about Steem is Steemit, because investors in Steem are already investing in an income producing asset, which provides multiple ways to make income off your investment without selling it. Steemit has always allowed investors to earn interest on deposited Steem, which is common in DeFi. Additionally, DeFi is all about yields or income produced by different methods with purchased tokens and Steemit has always provided investors multiple ways to make money on their deposits.

A Review: The types of DeFi

Decentralized Finance applications are quite varied or diversified, but include simple staking of liquid tokens into i liquid forms in exchange of interest payments, actual deposits in platforms which loan your cryptocurrency for interest payments, credit debt facilities, which allow you to deposit funds, then borrow against them to earn interest, or more complex things like being a liquidity provider on a decentralized trading exchange.

The Ways Steemit allows investors to make income similar to current DeFi applications.

First, Steemit has a baseline yield of 6.5% inflation payable in the native Token Steem tokens powered up as Steem Power.
Second, Steemit allows you to earn curation rewards, directly proportinate to your investment.
Third, Steemit allows you to earn curation rewards on your upvotes of comments.
Fourth, Steemit allows you to earn author rewards by writing comments on others posts.
Fifth, Steemit allows you to earn author rewards by writing posts.
Sixth, Steemit allows you to earn curation rewards, by delegating SteemPower to other individuals or teams that focus on upvoting profitable authors or by supporting good content with upvotes.

DeFi a change from speculation to investment

The main change with DeFi in cryptocurrency can be described as a change from buy low sell high, to buy and earn dividend or interest payments, while also waiting to sell high. In this respect cryptocurrency is maturing, and evolving away from a purely speculative type of investing with investors hoping to buy the next Bitcoin, that will increase in value 1000 times. It has matured to the point where investors are seeking cryptocurrency tokens which can used to make profits while you hold them. If you look at the spectrum of DeFi investments they are all about income producing tokens.

Steemit: a mature and secure project.

New DeFi Programs are new, some are vulnerable to theft, Steemit wallet security is time tested. Steemit is over four years old, most current DeFi projects are weeks, months or barely a year old. Steemit protects your cryptocurrency wallet with not one, but four types of passwords. Steemit Wallets have a master password and three other less powerful alphanumeric keys for specific functions. This provides an unequally level of security. Steemit code has been audited and been attacked by hackers, and it has become safer over time with no major hacks or thefts of cryptocurrency by hackers.

Steemit was doing decentralized finance before decentralized finance was cool.

@shortsegments

Questions?

Contact me here or on discord shortsegments #8903

Steemit has fast free accounts, I can help you set up your account without knowing any of your passwords!

Fast Free Accounts

1. Create a new account via Steem Instant Sign-up LINK

2. Buy Steem on one of these exchanges: Binance, Upbit, Bithumb, Huobi Global, HitBTC, Binance, Bittrex, Bitvavo, VCC Exchange, MXC, CoinDCX, Gate.io, WazirX, Poloniex, Upbit, RuDex and Altilly.

3. Transfer the Steem to your new account wallet on Steemit

4. Power up your Steem to Steem Power.

5. Start earning on your Steem

@shortsegments

The Steemit Platform did DeFi Before DeFi was cool!