then buy crypto to put in a high yield account usually on the defi platform
I'm curious what you mean by a "high yield account"
Honestly if you're not deep into crypto it's a lot to explain but basically defi platform is a financial Network made of decentralized autonomous smart contract like liquidity pools and governance staking, to even high yield interested on the collateral you put up to borrow a stable coin.
Some examples include Anchor Protocol and Aave. You can also buy fractional stocks using uniswap tokens so you can make tax free gains on the stock market.
Edit I never said what high yield means. It means an investment with a high apy. When I first got on anchor I was making 350% apynow it's about 88%. Banks might give you like 2 or 3%
ahh, I've heard of staking. I'm currently staking some BAND Protocol tokens. ~17%/year
I've never heard of using uniswap tokens to buy stonks. Any resources you could point me to on buying stonks w/uniswap tokens?
The info is much appreciated.
Imma get some resources rounded up for yah so you can jump into it.
Does poal have somewhere to go for live discussions btw? I feel like it would be better suited there
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