#drip

Furio – Some updates on this Defi Champ

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I am using Furio now for a little bit over 3 weeks and wanted to give you a some updates on what changed and what I learned since then:

Compound daily:

Drip provides you with 1% daily. No matter how often you claim. If you hydrate twice a day, because you cannot expect to compound your rewards and see your balance grow. Or if you just re-compound once a week, the rewards remains (roughly) the same.

Unlike Drip, you have to re-compound on a daily basis. Why? Your reward will not increase any further after 24 hours, I realized. Once you hit your reward amount, be that 1.75% or 2.5%, once that limit is reached, your reward is not growing anymore until you re-compound. Be aware of this and make sure you compound daily to profit as much as possible.

Ok, but I really don’t have the time to do that or I am not willing to spend that time. What can I do in these cases? Furio got you covered here.

Auto Compound feature

This is a really useful feature invented by the Furio team: Instead of you manually claiming your daily reward, you let the system do it yourself. You select the number of periods to auto compound, it shows you how much this costs in BNB, you pay and lean back. The system does it all for you. Isn’t that great? Pure passive-income I would say.

And the best thing: The team just lowered the fees the other week to 0.003 BNB. So as you see from below screenshot, I selected 4 “Auto Compound Periods” cost 0.012 BNB.

Is the feature worth it? I guess that is up to you to decide. Depending on your time and will to claim manually or not, how much you got invested in Furio, how many wallets you are managing, and so on.

Update website

The team is also continuing to update the user interface. As example the header got introduced showing you current balances in $FUR, USDC and your vault balance.There is also a link to the main site and the white paper. Sounds like a little update, but it gives the overall user interface somehow a lean and even more professional look in my opinion.

My first 28 days are almost over. Lets see, if I reach the 2.5% level going forward. I keep you in the loop.

Team link

Looking for a team to join or just like to follow me on that journey to the destination “Furio”, please feel free to use my referral link below. Everyone is very welcome here.

https://app.furio.io?ref=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Back to 2021 – What if I invested in Drip back then

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As a big fan of the Back to the Future movies I always liked the imagination of journeys across the time. If you never watched these movies, you missed something so far. Go and check them out. They are great.

Today we don’t want to talk about the movies. Today we will ran an simulation on what would have happened with a Drip investment deposited at the very early stages of the platform. The article I published yesterday inspired me to ran this simulation. Lets jump back in time. To 31st July 2021, to be precise. The Drip token sold for 31.54 USD according to coinmarketcap.com. Let’s invest into it.

By today we would be invested into Drip for 397 days. Everyday would have provided 1% of profit so far. Lets also assume we never claimed our profits, but re-compounded every single day. Even if that wouldn’t be the case, our analysis here showed us, that the delta wouldn’t be that big. There is no downline for simplicity. How would our investment look like today on the 31st August 2022?

Below you see 3 scenarios, the only difference is the initial investment amount: Once with 100 USD, 1’000 USD and with 10’000 USD. We bought the tokens on 31st July and claimed our first reward on 1st August 2021.

Even by the current low price of 7.69 USD per token we would still see an increase of around 11x in 13 months time. I think this is still very impressive in the current market environment. The daily reward claimable would be also quite interesting, depending on your initial investment of course! You could for sure make a living out of this money, if you would have invested more then 10’000 USD originally.

Conclusion

The key factor with Defi investment like Drip, or Furio, as we talked about the other day, lies probably a) in time, you have to invest as early as possible to profit from the re-compounding effect as often as possible. And b) your investment needs to have a certain size. Investing only 100 USD into Drip even at the very first day, doesn’t make you a millionaire nor allows you to claim a decent salary regularly from the system. No risk, no fun is coming to my mind. Seems like this is or better was the case here too. Looking backward is always easy, I am aware.

So is it too late to invest and profit in the long term? I personally don’t think so, that’s why I joined the system a short while ago. But you have to decide that on your own, if you like to join me and many others on that journey too.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577