The Power of compounding interests

Real world example

You put USD 100 to your bank savings account, which offers 10% annual yield and distributes interest payment yearly. You are taking your bank credit risk, meaning if your bank defaults, you would lose a significant part of your savings (subject to the recovery rate). After 1 year, you receive USD 10 as interest payment. If you continue to do this for the next 10 years, you receive USD 100 as the total interest payment and USD 100 as principal in the end.

The power of compounding interest

What if you can earn interest on interest with limited effort required ?

After 1 year, you have USD 10 in your bank which you can earn 10% interest as well. In year 2, you receive USD 11 as interest payment ( USD 110 * 10%). The amount may look tiny to some of you but imagine with a 10-year time frame, you receive USD 259 in total vs USD 200 with no compound interest.

Dopepool provides Defi tools to help users to compound their assets. If a protocol distributes its own token or others as interest, we take the reward and sell it for more of what you have staked on our platform. For example, you receive Cake as interest from your CAKE-BNB yield farming, we will sell your Cake and buy more CAKE-BNB LP tokens to generate more yield for you.

Once you stake your assets on Dopepool, there is nothing you need to worry and do, except sit back and chill !