I know it’s risky given X amount of exchanges have gone belly up. I also know there’s no guarantee that FTX will continue to offer such high interest rates (8% over first $10,000 and 5% after $10,000). Nonetheless, making use of compound interest is likely the best pathway for me to become a whole coiner. $5,000 initial investment and anywhere between $50-$100 a month over 10 years will get me there.
Thoughts on this approach? I’ve also considered splitting 1/2 at Gemini Earn and 1/2 at FTX to cut down on risk if one goes under, but this would take down my average monthly yield a couple percent and would take me closer to 15 years to become a whole coiner.