Simple Budget, Simple Life

Back in late Aug 2021, I shared about my SGD$100 experiment into CakeDefi . I was lured by the attractive % and also wanted to venture further beyond the usual BTC, ETH buys. 3 weeks later, I provided an update here. Now that it's been 3 months+, here's how my gamble went: Here are my thoughts: The Yay 👍 My entry price was at SGD$3.90. With the price at SGD$6.35 now, coupled with the interest generated + US$30 referral reward earlier, I'm sitting on SGD$470.41 gain The Boos 👎 I don't wish to paint the pic that I'm always sitting on paper gains. DFI coins is VOLATILE - I have not been monitoring this SGD$100 gamble much, but the few times I glanced at the DFI coin, it was a laggard compared to other coins. However, it is interesting that despite the BTC drop of 20% yesterday, DFI coin has held itself well. APY% has been dropping. It started with 88.9% in Aug, to 73.6% in Sep, to 41.9% today. I haven't been monitoring the rate daily but it's great that I s...

Previously, I blogged about my S$100 experiment with CakeDefi . After 3 weeks, here's the progress: Unfortunately, DFI coin has dropped value (I got it at S$3.90) so the status check today isn't rosy. But hey, coins value move up and down. I'll just carry on! Me thinks that the free US$30 reward is a decent bonus so I am fine to leave my SGD$100 there to do its magic.  Snapshot of daily interest  Plus, the platform is clean and easy to use. Interests per 12hours are recorded, so you can check it out everyday. I don't bother checking it much; will just leave it to roll. As of today, staking DFI will give you 73.6% APY (note that the rate changes every 12 hours): Referral for CakeDefi If you're keen to sign-up Cakedefi (of coz DYODD), pls use my referral link here  where you'd get a  total of US$30 worth of DFI (US$20 worth of DFI when you sign up and make a deposit of US$50 or more + US$10 referral reward). You can refer to my blog here for the registration guid...

This week shall be proclaimed as the week of baptism into crypto lol.  Within a short span, I created accounts with 3 different crypto platforms - Hodlnaut , Celsius and now.....Cakedefi. Lured by the dangling carrots of 80 to >100% APY by staking on Cakedefi, I decided to check it out. The crypto space is really intriguing. I am just a beginner trying to dip my toes into the various ponds in hopes to gain more understanding of what others are trading/doing. I've been reading crypto articles on and off for the past year, but it's never the same as taking actions and trying things out in reality. #nevertryneverknow I thought it wouldn't hurt for me to test out all these crypto platforms with a bit of money. I ain't no baller, but I have mentally prepared myself to see deep losses. As such, I decided to put in SGD$100 into Cakedefi as an experiment to see what rewards I'll get in the next 180 days. If you are keen to join Cakedefi, here's my sharing on how to k...