Sound strategies and a little patience is all you need.
16 Dec 2024
PreviousNavigating Solana’s Evolving Yield Opportunities: Why Nimble Hedge Funds MatterNextThere are many large pullbacks in a bull market.
Last updated
16 Dec 2024
Last updated
The greatest satisfaction for me in this space is being able to help others meaningfully. Today, I had the privilege of helping one of our Elemental depositors unstake their position from our old manual fund.
This depositor had invested 50 $SOL back on 1 October 2023, when the price of SOL was $21.39—roughly $1,000. Keep in mind, this was during the rough bear market when yields were hard to come by. Back then, Elemental was offering (only) 13% APR on SOL.
There was no sleek website like the one you see today. In fact, there wasn’t even a “deposit” button. Everything was run on a simple Google Sheet, and the only way to enter or exit Elemental was by DMing me on Discord.
Fast forward to today: his 50 $SOL has grown to just over 57 $SOL. At today’s price of SOL ($224), that 7 $SOL profit is worth more than $1,500. This means that in just one year, his yields alone have covered his initial capital and more.
In other words, his original 50 $SOL is now entirely free—house money—pure profits. I couldn’t be happier for those who stayed disciplined and held through the bear market. They are finally reaping the rewards of their patience and conviction.
Crypto is an incredibly volatile space. You don’t need to chase quick gains through leverage or reckless degen punts. By sticking to sound strategies and exercising a little patience, you can do exceptionally well.
Twitter Post: https://x.com/moothefarmer/status/1868668635558129915
