Summit Ventures 6 Months In!

DefiLife
3 min readAug 8, 2023

Hey there, crypto enthusiasts! Welcome or welcome back to my DeFi Life, where I document my journey and dive deep into the exciting world of blockchain and decentralized finance. Today I am providing an update on a groundbreaking DeFi protocol that is changing the game for investors worldwide. A trading protocol that allows investors to stake their BUSD on the Binance Smart Chain to earn weekly interest of up to 6%.

Now if you compare that to your traditional banks that provide an interest of 0.1–1% per year then the results are not even close, but of course there is the added risk involved with using these decentralized protocols. On that note it is important to remember that this channel is for educational and entertainment purposes only. I am not a financial advisor, and nothing I say should be considered financial advice. Always do your own research, make informed decisions, and only invest what you can afford to lose.

Imagine a world where your hard-earned crypto works tirelessly for you, 24/7, 5 days a week without you having to lift a finger. That’s exactly what Summit Ventures offers — a seamless, automated investment experience that maximizes your earnings while minimizing risks. Now I have been in Summit Ventures for 3 months now with a small $100 investment as I like to test the waters on these protocols. I currently have a profit of $69 and will be adding to that today with a fresh deposit of $100. So let’s look at doing that right now.

Summit Ventures is now approaching if not passed the 6 month mark of trading and has been leveraging state-of-the-art trading bots to earn passive income for its investors during that time. Summit Ventures employs advanced trading algorithms and machine learning techniques to analyze market trends, identify lucrative trading opportunities, and execute lightning-fast trades on your behalf. The bots are programmed to respond to market movements with unmatched precision, keeping you one step ahead of the competition. As you can see from the weekly earnings it has been nothing but positive results for 23 weeks now.

Now remember in my initial video reviews. If you make a deposit into Summit Ventures your funds are locked for 60 days, however you are free to withdraw those funds at anytime for a 20% early withdrawal fee.

Summit Ventures trades on the market between Monday and Friday, pulling investors funds from the contract during that time to trade and returning the funds for the weekend where investors can withdraw their earnings. Now if you chose not to withdraw your earnings will be automatically compounded for the trading to proceed the following week. This is one of my favourite features as it means you literally do not have to do anything until you are ready to withdraw your earnings. Gone are the days of sleepless nights and constant market monitoring. Summit ventures allows you to participate in the exciting world of crypto trading without the stress and time commitment.

Important to also stress the need for transparency with these trading protocols and Summit Ventures provides plenty of transparency where they show their trades at the end of every week. Summit Ventures have three different telegram groups and one of those is the all important trade history channel displaying their trade history from day 1.

Now for those who are new to Summit Ventures and wish to get involved I have left my referral link, so I appreciate that greatly if you do use that. In my next article/video I will be covering the withdrawal process to show you how you can withdraw your earnings if you chose to. Don’t forget to leave your comments and questions below or on my telegram as I love hearing from the incredible DeFi community. Until next time, happy investing and stay decentralized!”

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DefiLife

Pivoting into the decentralised finance world. Crypto is the future and finding ways to supplement my earnings with passive income is my new passion.