Once again, I'd like to point out I am not a financial advisor and am solely speaking on my personal experience.
Rari Capital was my first venture into the Crypto world. This goes to show just how much of a novice I am in this field, but I enjoy learning and feel the best method is hands on immersion. Rari Capital is a newer yield farming platform that began earlier this year.
Their goal is to focus on high yields through stablecoins and spreading the pool out through multiple protocols. I initially learned about them through an article in Forbes and was excited to give them a shot. At the time of me joining, they were touting interest rates of 18% APY.
Their process to join is fairly simply, you just link one of the wallets they work with shown below.
Then you transfer your crypto currency to your Rari Account and it immediately begins earning interest. The interest rate fluctuates constantly and interest is paid instantly. Being new to crypto, it was mind boggling to me to be able to refresh the screen and see my interest has grown. Being used to traditional banking and investing, I was not used to the constant growth and change of the crypto world.
If I wasn't so new, perhaps I would have been more diligent and checked all of the fees. On any interest earned, Rari Capital automatically deducts 20%. I noticed this after thinking the amount I was earning was not as high as I had expected. I also noticed that with the fluctuating interest rate, often times it was below 10% and only a few times was it over 10%.
This is the current interest rate at the time of writing this article.
Due to these reasons, I continued to search until I found something I liked better. My next article will be about what I switched to. However, I was still happy with Rari Capital and came out ahead by investing with them.
If it is something you are still interested in, here is there link Rari Capital
