Member-only story
After three months of compounding on Elephant.money, and Drip.community, I have now started claiming and collecting my earnings. Find out how it’s going.
Earlier this year, I set out to try to turn a $5K investment into a $1500/mo annual annuity. This was before the hurricane in crypto hit. Celsius was allowing investors to remove funds, Anchor Protocol was paying 18.5% in soon-to-be nearly worthless UST tokens, and TVL in DeFi was almost $200 billion. I aimed to use two aggressive platforms, Elephant.money and Drip.community, to earn these aggressive returns. I spent 90 days compounding my investments, and here is my first month of collecting results.
The Good
This month I earned $219.82 from Drip after taxes and $293.58 from Elephant.money. In total, $513.14. Why is this good? It’s not really. If I continued earning the same amount over a year, I would make a $1000 profit. That part is good. However, this falls well short of my $18,000 goal in total returns.
I would consider that a big win if I could pull out a gain when the entire crypto market has been demolished. But methinks my returns may not match up to this…
