If you had $5,000 in a Bank of America savings account, you’d earn $0.10 in interest by next month.
If you had $5,000 in Donut you’d earn $25 in interest by next month.
I did not know this in May of this year.
For the past 45 days, I’ve been deep in research better understanding Decentralized Finance, Cryptocurrency, Banking, Interest, and more, asking the questions so you don’t have to.
My subject was Donut, an app on which users save, invest, and earn with DeFi, through Donut’s yield-earning DeFi investment products.
Here’s the story: