RE: Earn 24% Renting Steem Power with MinnowBooster! #8

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Earn 24% Renting Steem Power with MinnowBooster! #8

in steemsecrets •  7 years ago 

Why the hell would anyone do this? If I deposit a 100 STEEM to get 90 back?

steemsecrets
7 years ago by

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      ·  7 years ago 

    Because you get the initial 100 back. It's a very basic financial concept: interest and investment.

    Why does anyone buy a certificate of deposit?

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        ·  7 years ago 

      So I get a 190 Steem?

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      $0.04
      • Past Payouts $0.04
      • - Author $0.03
      • - Curators $0.01
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        ·  7 years ago 

      I doubt the rate of return is that high, but of course you never give up your initial delegation. It's always yours. You get that back plus a payment.

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      $0.47
      • Past Payouts $0.47
      • - Author $0.35
      • - Curators $0.12
      1 vote