Discover how Decentralized Finance (DeFi) makes Self-sovereign finance a reality in Part 1 of my article. DeFi is an expanding blockchain-based financial ecosystem, empowering users to take full control of their assets without intermediaries like banks.
This is not just a hypothetical notion — it is happening now and has the potential to transform the financial landscape as we know it.
Part 2 of my article explores TechTree, an education company that created its own original educational-content as well as a learning portal to help its students safely navigate Web3 and the crypto space. In doing so, the company discovered three foundational elements essential for success in Web3 and identified two responsible DeFi investment strategies that helped it become its own bank.
Get ready for an exciting read!
Meet TechTree, an innovative company revolutionizing education in a Web3 world. With a 360-degree approach to blockchain technologies, cryptocurrency, and DeFi protocols, coupled with psychology and mindset principles, TechTree positions people to succeed in the Web3 space.
Its mission: To provide a secure and supportive learning environment that empowers you to confidently navigate the uncharted terrain of cryptocurrency.
Its broad platform offers authentic and comprehensive content, paired with unparalleled access to a community of seasoned professionals who are available to guide you on your journey.
While education is an excellent start, it’s only part of the equation. To truly learn, education must be complemented with action. TechTree believes this is best achieved through community. Only by joining forces with like-minded individuals can you unlock the full potential of your education and gain a deeper understanding of the subject matter.
At its core, TechTree teaches people how to protect and safeguard their digital assets, while equipping them with the knowledge and tools to confidently explore the world of Web3. By emphasizing measured, deliberate, and calculated steps, the company empowers its students to make informed decisions and take advantage of the opportunities presented by Web3.
Success is relative, and oftentimes, predicated on the foundation for which it is built. Because of this, TechTree believes there are a few foundational elements to build upon while you are on your journey into Web3:
Education is key — As a content provider, TechTree built an entire ecosystem of education, training, and community around safety and security in Web2, as well as Web3.
“Like an encyclopedia, we thrive to include as many Web3, crypto, blockchain, De-Fi, NFT topics as possible, while, curating it in a way that actually makes sense for a student’s implementation.”
Before they talk about how to become financially self-sovereign, they want to make sure a student is protected as much as they can so when they find success in the Web3 space, they are able to keep it and build upon it.
Despite being an education provider, the organization constantly looked for ways to get smarter so it sought out (and found) similar companies/projects like The Guardian Academy (TGA) to learn from and partner with as it strengthened its overall overall-grasp of Web3.
Honest and straightforward content taught by experienced professionals is key. Anything less is a recipe for disaster.
Don’t go at it alone — TechTree identified trusted people and projects that subscribed to the values and ethics that have helped guide its leadership team to the success it has have found thus far; Genius Network, The Wolf Den, and Blu3DAO — all unique, all determined to help people change their lives.
Getting more educated on how to safely navigate Web3 had to be paired with communities of like-minded people who were determined to help everyone (collectively) succeed.
Tools of the trade — Through professional/trusted referrals, TechTree began to use the proper tools required to operate safely in DeFi. Not all platforms and tools are created equal.
If it looks like a Las Vegas casino, you can bet your last dollar (as that is all you will have left), you will lose it.
Without going into great detail (will save that for a different article), the following can assist as you navigate the uncharted waters of Web3:
- Virtual Private Network — NordVPN
- Hot Wallets — MetaMask or Sequence
- Cold Wallets — Ledger NanoX
- DEXs — Biswap, 1inch, and PancakeSwap
- CEXs — Binance (not available for folks in the US)
- Portfolio Tracker — Tin Network
- Yield Farms/Aggregators— KnightSwap, Wizard Finance/Lazarus Pools, Beefy Finance
One of the goals of TechTree is to showcase the power of community and how strategic decision-making can bring us all closer to financial freedom. As an example, the company recently staked a significant portion of the proceeds from one of its sub-projects, InventorsNFT, in multiple yield farms and single-staking pools.
This approach not only generated revenue for their NFT project, but also strengthened its commitment to the Web3 community, demonstrating a dedication to responsible and sustainable growth through DeFi.
Yield farming is an investment strategy in DeFi which involves lending or staking cryptocurrency coins or tokens to get rewards in the form of transaction fees or interest. This is somewhat similar to earning interest from a bank account… but in DeFi — YOU are lending money as the bank.
MoneyTree: A Real-Life Example of Decentralized Finance
MoneyTree is TechTree’s decentralized bank and a shining example of the potential of DeFi. Every month, MoneyTree’s farms generate a yield, with 50% distributed as prizes to the InventorsNFT community members and the other 50% is reinvested back into their farms — enabling them to grow and produce even more yield the following month.
With this unique approach, MoneyTree empowers its community members to learn and earn from DeFi, making it accessible and approachable for everyone. It’s a real-life example of how DeFi can work for the benefit of the community, helping individuals take control of their own financial assets and become their own bank.
Diversification for risk minimization: TechTree stakes assets in several established platforms to align with its core values.
- KnightSwap — a reliable and sustainable DEX/aggregator that prioritizes offering the highest quality DeFi experience possible. Its leadership team’s understanding of upcoming regulations and market changes make it a top choice for farming and auto-compounding assets on the Binance Smart Chain (BSC) and Fantom Opera (FTM) blockchain networks. With a focus on user security and sustainable growth, KnightSwap is a great option for those seeking a trustworthy DEX.
- Biswap – is a decentralized exchange platform that operates on the Binance Smart Chain. It offers a fast, secure, and transparent trading experience for cryptocurrency investors. Biswap.org offers a user-friendly interface that makes it easy for users to quickly navigate the platform. One of the key features of Biswap.org is its low fees. It charges only 0.3% of the trading fees, significantly lower than other decentralized exchanges. Biswap.org also supports a wide range of popular cryptocurrencies including BNB, ETH, BTC, LINK, and more.
Since establishing the company farms with $47,000.00 in February 2022, TechTree has already yielded an impressive $21,970.05.
A 46% return-on their investment in one year!
The past year’s volatile crypto market highlights the significance of the statistic above. Despite a free-falling market that caused others to lose assets, TechTree’s unwavering adherence to its core principles allowed them to implement the knowledge the company teaches and became its own bank. The impressive return on investment is a testament to TechTree’s success in this endeavor.
Thank you for reading! In the final installment of this article, I will provide a more detailed analysis of the specific farms and pools that TechTree utilized to achieve success in the DeFi space. This will give you a granular understanding of their strategies, and provide you with valuable insights to inform your own DeFi investments. Stay tuned for an in-depth exploration of TechTree’s path to success.