How I Doubled My Deposit Using the WOWswap Protocol

👋Hello, young degens! 

🥵What do you think of the events of the last few days? Many of my friends lost a huge amount of money. Especially those who were heavily subscribed to Terra ecosystem feel sorry. 

I never liked the idea of algorithmic stablecoins and huge profits in Anchor protocol. To me, it seems obvious that when the protocol needed to recruit new users, a return of 20% per year paid out about $100M-$200M per year to early birders. However, when the amount of blocked funds on the platform reached $14B - dragging the unbearable burden of $3B annually became an impossible task for the Terra ecosystem. We saw where this was headed. 

Fortunately, I was spared the whole unpleasant situation. I withdrew my funds from Anchor immediately after the first alarm bell. losing a couple of percent of my deposit. In addition, over the past year, the most interesting things happened to my deposit not in Anchor, but in a completely different place. Where?

In the WOWswap DeFi protocol. Now, without going into details about the protocol's functionality, I will tell you how the system of passive (almost) earnings from WOWswap works. 

The essence of WOWswap earning method is this - this protocol allows traders to trade with leverage. As a result, some users can make their trades by borrowing money from the pool at a certain percentage, while other users can lend their money to the pool and earn on it.

The calculation is based on the hourly rate. The size of the rate is determined by the $WOW token holders. 

Example: The hourly rate is 0.1%. It turns out that if a trader takes funds in the pool for 24 hours, he will have to return 2.4% of the amount taken. In this case, members of the pool receive a 2.4% daily return, divided between participants. 

The most popular is the pool with $BUSD - on average, the yield there reaches 40-80% per annum. However, in WOWswap there are often opportunities to place top altcoins with an annual yield over 1000%!

Mostly I keep my money in the $BUSD pool (40%-80% APY). At the same time, thanks to low commissions inside the Binance Smart Chain network, in case of high APY on any asset, I instantly transfer my $BUSD to that asset without big losses. Swap can be done within the WOWswap platform.

So, I started this year by investing a test $10K in WOWswap. Let me remind you, if there are no super-profitable offers, I held them as $BUSD at 40%-80% APY. 

💰A total of 13 days WOWswap gave over 1000% APY on $BTCB - a total of 42% increase to deposit

💰A total of 11 days WOWswap gave more than 500% APY on $ADA - this brought 16% to the deposit 

💰A total of 16 days WOWswap gave more than 250% APY on DOGE - this brought 11% to deposit 

💰A total of 15 days WOWswap gave more than 220% APY on $AXS - this brought 9% to the deposit 

💰A total of 14 days, WOWswap gave over 280% APY on $XRP - this brought 11% to the deposit 

💰A total of 8 days of WOWswap giving over 600% APY on $ETH - this brought 13% to deposit 

😮In the end, my $10,000 turned into... $22,000. On the one platform. The amount turned out to be slightly less than if you could just multiply the values above - this turns out because of the accounting of transfer fees, as well as the nuances of the protocol scheme and the volatility of the $WOW native token in which the rewards are paid. But I think the result is terrific. 

Will this attraction of unheard-of generosity on WOWswap continue? Perhaps until the project will not reach a critical mass of TVL, as it was with Anchor. So if you're into this kind of earning, welcome. and then share the results after a year. 

Important - APY percentages in pools are highly variable. To keep users informed, WOWswap developers have made a convenient notification system via Telegram or email. Be sure to set it up, and then you will not miss any profitable offers. 

As always, the above is not a financial recommendation, but my personal experience. Where and how to place your funds is up to you!

💪Profit to all!