Instead of holding money in a bank, convert your spare cash into stable coins or Crypto assets and stake it in the below listed CEFI (centralized finance) companies

<aside> 💡 Note: These are centralized finance - the opposite of decentralized finance, but they provide the same benefits - giving you interest!

Risk: unlike DEFI, your risks here lies in counterparty risks when you gain exposure on these platforms. Read what each platform does to understand more, and do your own due diligence on them

My personal suggestion is to split your investment into various CEFI and DEFI platform to spread out the risks.

</aside>

The below centralized finance suggestions are taken from https://loanscan.io/

List of CEFI that I've invested in

Hodlnaut

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9ac46393-2b88-41b4-8c9f-c4f2deaa94ac/Untitled.png

Referral: https://app.hodlnaut.com/signup?r=2qxyLmDzP7i [u get $25 USD]

Crypto.com

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/40a2666f-9b41-4bc2-8244-f8e9276856d8/Untitled.png

Referral: https://crypto.com/app/nzhyy99usk to sign up for Crypto.com and we both get $25 USD 🙂

4. NEXO

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9072c0bf-d8e3-48c2-925d-07991acd0258/Untitled.png