DeFi, the star investment that pays 15% in dollars: how to enter

The concept of decentralized finance, also known by its acronym in English DeFi, encompasses all financial services based on cryptographic technology that do not depend on intermediaries, brokers and banks. In other words, they are fully decentralized investments and people have access to their funds at all times.

Today, These mechanisms together add up to US $ 17,539 million deposited in DeFi protocols; However, the industry today is worth much more when you consider the market capitalization of DeFi coins, as well as traditional financial institutions that are now considering integrating DeFi services. In this case, it is already US $ 120,665 million according to data from CoinMarketCap.

Some of the most popular DeFi services are investments, custodians, cryptocurrencies and stable digital currencies -stablecoins in English-, futures, decentralized exchanges, lending or decentralized loans and liquidity pools, and more.

What are the DeFi, how do they work and why did Argentines “fall in love”?

“The simplest work by taking deposits and giving credits, in the same way that a bank works but without anyone governing or intervening it.. In this way, deposit and loan rates only vary according to supply and demand, “explains Federico Golberg, CEO of Tienda Dollar, a virtual wallet that allows you to invest in DeFi.

Currently, the earnings from DeFi protocols range from 8-15% in dollars. “A traditional Common Investment Fund does not pay more than 3%,” says Golberg.

However, it must be borne in mind that operating in DeFi has risks since it is a market susceptible to volatility, which is driven by supply and demand.

Before disbursing capital for the first time into a decentralized finance protocol, the Dollar Store expert recommends analyze the interest rates offered and do not be tempted by extraordinary returns.

In Argentina, despite the risks involved, users take advantage of high investment returns, due to the fact that no entity regulates it.

In addition, as it is a 100% transparent process, people can safely invest without limits and withdraw from the investment at any time.

“That invested money grows second by second and when we want to withdraw or collect a part, with a single click we take it to our personal wallet and then send it to Tienda Dollar again and make the sale against pesos or dollars”, Goldberg clarifies.

Step by step, how to invest money in DeFi and generate returns in dollars


In summary, the procedure works as follows: stable cryptocurrencies such as DAI and USDT must be deposited in a digital wallet (such as MetaMask or Trust Wallet).

Later, You have to enter the official page of the DeFi protocol to link the digital wallet, deposit the cryptocurrencies and start generating returns.

Since there are different DeFi protocols, what happens to the money once it is deposited depends on the purpose of the project. For example, may Borrow money and the stable cryptocurrencies deposited work as collateral, that is, as collateral; It can also be earned by lending or borrowing cryptocurrencies -in protocols such as Compound-; generate liquidity with Uniswap; invest cryptocurrencies in a “yield farming”, a type of investment that integrates various DeFi protocols to generate higher returns quickly; among other mechanisms.

Those returns can then be re-deposited into a digital wallet to be sold for Argentine pesos or for dollars in the person-to-person (P2P) or face-to-face (F2F) market.

Investment pools and airdrop: what are they and how to invest in Argentina

In dialogue with Infotechnology, Golberg explains the step by step to invest in DeFi and not fail.

  1. You have to register in the Dollar Store and fund the account with pesos to buy stable cryptocurrencies such as DAI or USDT.
  2. Buy DAI stablecoin on the platform.
  3. Link Tienda Dollar with a digital wallet such as MetaMask or TrustWallet to deposit DAIs. To integrate both accounts, you need to use the address -address, in English.
  4. Choose a protocol to invest. The most popular, according to the CEO of Tienda Dolar, are AAVE, Compound and (YFI) on the ETH blockchain or PancakeSwap on the Binance Smart Chain (BSC) blockchain.
  5. Link the digital wallet MetaMask or Trust Wallet with said protocol and invest the cryptocurrencies in dollars.
  6. Finally, you are ready to start generating returns in dollars.


Tammy Sewell is our Writer and Social at Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Phone: +1 513-209-1700

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