I'm getting overwhelmed by these plays. They keep popping up in my research or just random browsing. I go check on youtube and see this video with drip on the title so i get intrigued. Some girl, channel called FireHustle. She comparing Drip, Bloomify, and something called Furio that I never heard of. So I'm like let me dig in.
So I go on their site to read a bit more about them.
It's similar to drip but with tiered rewards. Meaning the more compounds on a 28 day period the higher the percentage. Cap is 100k coins.
I also like this where they don't punish you if you miss a day or so here and there:
What happens if I am unable to compound for a few days, will I get punished?
No. Lets say you usually compounded 5 days a week and claimed 2 days a week, earning 2.25% a day in rewards, but then for 1 week were unable to compound for those 5 days but still claimed 2, you would remain at 2.25%.
The daily % rate is geared by the amount you claim in a 28 day period.
Obviously it makes sense to try and make sure you compound the none claiming days as this will grow your vault balance a lot quicker!
The girl in the video posted a calculator and showed some numbers, I ran one myself also. Big difference between the three protocols after 30 weeks.
30 weeks is mid March. Going back in time, 30 weeks back was mid January and look at how quickly time has flown by since then. It's more than double the drip reward so catching up to my drip stack should be quick, if things go well.
Looks like they got some NFT reward for max payout members. Something interesting to shoot for.
Participants who reach max payout will receive a Furio Platinum NFT. This will have fantastic features and benefits going forward. Details to be announced soon.
What is the Max Payout?
The max any wallet can achieve is 100,000 $FUR in your portion of the Furvault. Once your wallet reaches the point where you can no longer compound you will be paid the daily % rewards that you were being payed at that time.
So if you were on 2.25% daily rewards when reaching that point you will stay fixed at this rate until your contract ends.
Can I withdraw my funds from Furvault?
Once you have deposited into Furvault your $FUR tokens are burnt and you are shown your locked deposit amount. You can then only withdraw or compound your daily 2% rewards.
So just like Drip and all these other similar protocols, initial investment is burnt.
Price looks to have been taken a hit after a big run up, so I'll be looking at that $5.50 mark around previous resistance to see if it dips down to that level, if not try and DCA some in. I'm hoping downward trend continues and by the end of the month, I can accumulate more bnb and get in at a low entry. I do have my USDC I was planning to use for Link, to get back in but these ROI dapps seem like a quicker and better investment. Plus I already used a bit of that money to buy these Nickelodeon NFTs and get in SBP new drip team wallet so it's not like I'll get the same number of Link coins.
Plus I see their chart looks similar to Drip where it had a big run up and then went down and eventually will stabilize or bounce back up.
Of course Drip is way older. And similar to this pic we all likely have seen around.
Around the anger and depression stages before the next run up.
They also have a whale tax and anti dump mechanics. No buy tax, 5% compound, 10% everything else, plus airdrops since it's team based. They recently partnered with some horde lms thing. Don't really know much about them.
Actually looks like a liquidity management service. I think bloomify has a partnership with horde also.
They look to be having a sports bet and casino feature as well. Plus LPs as well.
Their LP system seems intriguing but I'm only interested in the staking mechanism and earning that 2.5% to build my stack up quicker. Gotta research a good team. Adding this to my list of Ooze and Cairo and seeing when I can get in to each one. My goal is to eventually hit 1k a day in passive income with all these ROI protocols. I can get there with Drip if it maintains current price, but adding these other protocols would help me get there faster. Gotta figure out a strategy with all of them eventually. But I feel optimistic about the rest of the year and my goal.
So I go on their site to read a bit more about them.
Furio - Deflationary Up To 2.5% Daily ROI Ecosystem
Furio offers a deflationary up to 2.5% daily ROI system. Paired with USDC it is completely unaffected by the volatility of the Crypto market.
www.furio.io
It's similar to drip but with tiered rewards. Meaning the more compounds on a 28 day period the higher the percentage. Cap is 100k coins.
- Positive participants over a rolling 28 days will be guaranteed a minimum of 2% rewards.
- Positive participants with over 20 rolling compounds in a 28 day rolling period will increase to 2.25% rewards.
- Positive participants with 28 rolling compounds will increase to 2.5% rewards.
- Keep playing at those levels to maintain your rewards.
- Negative participants will be penalised and once you drop to the lower level you CANNOT come back up. Beware the system penalises bad participants, you have to have been a bad player for a period of time before you are penalised, you will then stay in the project at the lower levels.
- A straight 7 day claim takes you straight to 0.5% and overrides the 28 day rolling rule.
- Neutral participants be cautious and don’t slip.
I also like this where they don't punish you if you miss a day or so here and there:
What happens if I am unable to compound for a few days, will I get punished?
No. Lets say you usually compounded 5 days a week and claimed 2 days a week, earning 2.25% a day in rewards, but then for 1 week were unable to compound for those 5 days but still claimed 2, you would remain at 2.25%.
The daily % rate is geared by the amount you claim in a 28 day period.
Obviously it makes sense to try and make sure you compound the none claiming days as this will grow your vault balance a lot quicker!
The girl in the video posted a calculator and showed some numbers, I ran one myself also. Big difference between the three protocols after 30 weeks.
30 weeks is mid March. Going back in time, 30 weeks back was mid January and look at how quickly time has flown by since then. It's more than double the drip reward so catching up to my drip stack should be quick, if things go well.
Looks like they got some NFT reward for max payout members. Something interesting to shoot for.
Participants who reach max payout will receive a Furio Platinum NFT. This will have fantastic features and benefits going forward. Details to be announced soon.
FAQS - Furio
www.furio.io
What is the Max Payout?
The max any wallet can achieve is 100,000 $FUR in your portion of the Furvault. Once your wallet reaches the point where you can no longer compound you will be paid the daily % rewards that you were being payed at that time.
So if you were on 2.25% daily rewards when reaching that point you will stay fixed at this rate until your contract ends.
Can I withdraw my funds from Furvault?
Once you have deposited into Furvault your $FUR tokens are burnt and you are shown your locked deposit amount. You can then only withdraw or compound your daily 2% rewards.
So just like Drip and all these other similar protocols, initial investment is burnt.
Price looks to have been taken a hit after a big run up, so I'll be looking at that $5.50 mark around previous resistance to see if it dips down to that level, if not try and DCA some in. I'm hoping downward trend continues and by the end of the month, I can accumulate more bnb and get in at a low entry. I do have my USDC I was planning to use for Link, to get back in but these ROI dapps seem like a quicker and better investment. Plus I already used a bit of that money to buy these Nickelodeon NFTs and get in SBP new drip team wallet so it's not like I'll get the same number of Link coins.
Plus I see their chart looks similar to Drip where it had a big run up and then went down and eventually will stabilize or bounce back up.
Of course Drip is way older. And similar to this pic we all likely have seen around.
Around the anger and depression stages before the next run up.
They also have a whale tax and anti dump mechanics. No buy tax, 5% compound, 10% everything else, plus airdrops since it's team based. They recently partnered with some horde lms thing. Don't really know much about them.
Actually looks like a liquidity management service. I think bloomify has a partnership with horde also.
They look to be having a sports bet and casino feature as well. Plus LPs as well.
Furio – Medium
Read writing from Furio on Medium. The Furio Ecosystem offers participants an innovative secure environment in the true spirit of DeFi where all participants are treated fairly and equally.
furiocrypto.medium.com
Their LP system seems intriguing but I'm only interested in the staking mechanism and earning that 2.5% to build my stack up quicker. Gotta research a good team. Adding this to my list of Ooze and Cairo and seeing when I can get in to each one. My goal is to eventually hit 1k a day in passive income with all these ROI protocols. I can get there with Drip if it maintains current price, but adding these other protocols would help me get there faster. Gotta figure out a strategy with all of them eventually. But I feel optimistic about the rest of the year and my goal.