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| Compare traditional CD savings rates versus DeFi Pools and Farms. Both have pros and cons — What are they?
I saw a disturbing statistic on X from Dividend Growth Investor showing that very few people have enough saved for those retirement years when you stop working for a salary. It’s pretty scary that almost half of the poll shows people have saved absolutely nothing for retirement, maybe living paycheck to paycheck and not able to squirrel away anything for later.
For me, I’m convinced you need something $1 million to retire somewhat comfortably at age 65–70, and not have to commandeer shopping carts or flip burgers in my silver years. Although, I will say that many retirees get bored out of their minds, that maybe a little activity and human interaction will do them some good anyways.
When it comes to saving and earning interest on your money, two options stand out: traditional locked certificate of deposit (CD) savings and decentralized finance (DeFi) pools. While both offer the potential for earning a competitive interest rate, they differ in terms of liquidity. In this article, we will delve into the comparison between traditional locked CD savings and DeFi pools…
