Greetings to all readers of this great platform, yesterday I told you a little about the new DeFi project, which is called RobiniSwap and its Stake process, if you want to know a little more information you can consult the following article, it is a project that is in full swing and I want to show a little more of it, today I come to show you the process to make compound interest and thus achieve the incorporation of more capital to your initial investment.
It is necessary to take into consideration the meaning of compound interest, which is nothing more than the sum of the interest generated in the stake of the token and add them to our capital, with which we manage to have a higher capital and avoid commissions, this is known as compound interest in DeFi projects, in the case of RobiniaSwap platform, it allows us the possibility of generating this type of interest in its native token called RBS, for a better understanding I will share with you the process of how it is done.
Step 1:
We login to our RobiniaSwap account, using our investment wallet, in my particular case I use Metamask, so we press that box, it does not ask for the wallet password and we confirm the transfer, as shown in the image below. Screenshot of the page: RobiniaSwap |
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Step 2:
We must press on the word "COMPOUN" which is marked in a blue box in the following image, when we press there it will ask us for a confirmation by Metamask, and a commission will be charged, which does not matter the compound interest value, the commission will depend on the information traffic, in addition it must be canceled in BNB, as shown in the image below. Screenshot of the page: RobiniaSwap |
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Step 3:
Upon confirming the transfer of our interest, and charged the corresponding commission, the amount we had in our interest will be added to the capital of our investment, thus increasing the capital and therefore the amount of interest generated. Screenshot of the page: RobiniaSwap |
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It is very important to take several factors into consideration when transferring our interests, first if we want to reinvest it is better to do this process, since the commission to cancel will be only one, on the other hand, if we click on withdraw and we take the resources to the wallet this will generate a commission, and at the time of reinvesting the token this will generate a second interest, being more expensive.
We must remember that all these commissions are charged in BNB, for working with the Smarth Chain network, that is why we must have availability of a small amount of BNB in our wallet, with which we can be canceling the commissions, keep in mind that your interests must be greater than the commissions, so that they do not generate losses, that is why I recommend always having a considerable amount before performing the process.
Thank you very much for reading my publication, if you have any doubt regarding this topic, please leave your comment at the bottom (comments area).
