I was able to come into my full rent and food budget for a year. Rather than let inflation destroy its value, where could I safely put it to earn interest? I assume it would be a stable coin but I would like to be able to access the funds when I need to buy groceries or pay rent. Low risk options please and I know you aren’t a financial advisor.
Anyone have a good solution for this? Anyone done something like this for their budget?
7 thoughts on “Accumulated Food and RENT for 1 year…I want to earn interest before I use it.”
Food and rent? Just DO NOT play with that on DeFi.
Buy some Series I Bonds from the federal government and sleep well at night – don’t risk your rent or food on defi.
Anchor UST in Terra close to 20%
I’m not sure how urgent it is for you, but I believe you could diversify your portfolio and optimize your yield while minimizing risk by using the Spool platform, which is being built to assist you in creating your own pools.
No pairing, no IL, withdraw at any time.
I would buy Apple stock.