How PolyCub Collateralized Lending Can Help Me Survive During Inflation

Every country complains about inflation and I must say, being in Nigeria will make you feel like no other country experiences inflation like Nigeria. The inflation in Nigeria is becoming unbearable, how do we survive in the country. I got a message from my cable tv network(DSTV) that due to inflation the price of my monthly subscription has increased by 18%. Few months ago it increased by 40% so within a year the price increased more than 50%. That’s probably 50% inflation increase, how many people got a 50% Salary raise. This is something that baffles every time there is an increase in the cost of living.

My heart goes out to the citizens who earn in the local currencies because their earnings have no value anymore. Employers are slashing salaries because they can’t keep up with the inflation and once again the citizens are the ones suffering it. What will they do?

Information /Internet Is Power
Due to the rise in inflation and less value for employment, we now have people running to the internet for financial rescue. The Internet has made money making look really easy, I mean, take a look at what people are doing with NFTs, flipping them like they are some digital pancakes and make lots of money off it. But to be able to make money off the internet, you need to have the information.

We are all in this country together, we all have internet, but not everyone has the necessary information they need to make money off the internet. The internet is a very wide place, just as you are on Hive making money, there are lots of people who don’t know about Hive and will be extremely grateful to have Hive. Hive is a life changing opportunity because of the things you learn form it, especially when you spend so much time in the Leofinance community, you start to see money differently.

The Leofinance community shows you different ways you can make money, on the blockchain and off the blockchain. With the polycub self paying collateralized loans, people will be taking loans to sort out issues. This is an information that a lot of people will be needing but don’t know they need because they don’t have the information. For instance, I have written contents about how much I need a brand new laptop, I want to achieve this without selling off my tokens. What I have to do is put my tokens up as collateral in the collateralized lending contract, get the money needed for the laptop through the collateralized lending. Buy my laptop with the money and wait till my collateral pays my loan with the self paying mechanism.

That will go a long way with helping me tackle inflation when applied to other areas in my life. Let’s hypothetically say that I have $4,000 I am not looking forward to spending anytime soon. But I have bills I want to pay or rather I have things to do with $2,000, and I don’t want to spend my money on those things, because once money is spent, it never comes back. What do you do then? All you have to do is buy polycub with the money stake it in XPolycub and stake it in the collateralized lending contract and you can collect a loan. I don’t know the amount of loan you can collect with Polycub collateralized lending, so I can’t estimate. But you get the picture? Take out loan, stake your collateral, sort out your bills, collect it back after your collateral has paid your loans back through its yields.

Now you have your $4,000 back, your bills paid and you are happy. It’s a big win - win for every one.