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👋Hello friends, 

Welcome to The Strive Journal, a roundup of 1 - 5 cool things I found and learned this week.

This week, I wrote an article on how to earn 10%+ in annual interest (that compounds weekly) within the crypto space. It's a secure and reliable way to hold funds in crypto and arguably safer than your low/med-risk mutual fund that offers smaller annualized returns. More on it below. 

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Lets begin.

1) An introduction to de-fi lending

💱 Among the many areas cryptocurrencies is disrupting, the most relevant one is in the financial sector. Crypto will revolutionize the old banking model and it's already started with decentralized finance (de-fi). 

Decentralized finance is defined by institutions that utilize blockchain technology to remove the need for a majority of costly infrastructure expenses like exchanges, brokerages, banks, physical locations, and salaries. Instead of relying on all the extra stuff, they rely on code which significantly reduces costs. This allows them to shift most of what they earn (revenue) back to their customers. Here's a video that uses whiteboard animations to explain this in greater depth.

In the graph above, you can see how much major North American banks paid back to their customers compared to one of the top-tier De-Fi platforms I'll introduce to you, named Celsius. 
  • CIBC (left) - 30%
  • Bank of America - 4%
  • TD Canada - 20%
  • JP Morgan - 4% 
  • RBC - 25%
  • Celsius (right) - 80%
💵 The article this week highlights a secure and reliable method to take advantage of this new technology and earn 10.02% interest on savings. The space is exciting but doesn't come without risk, it will be the future but it's so early right now, you have to be cautious. I would never share a method of earnings that I haven't researched and tested deeply myself.

Take a look!

2) Earths orbit

🌌 This cool website shows you in real-time a 3D rendering of everything orbiting Earth. The website updates every day with data and will show you the projection of all the satellites, rockets, and debris orbiting our planet. 

I discovered this website a few weeks ago and was amazed at the sheer volume of stuff surrounding us. 
 

3) A quote


 📜 "Human history becomes more and more a race between education and catastrophe."
— H. G. Wells

 
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