DeFi WBTC + renBTC to Earn Balancer Rewards

I have been thinking about this WBTC + renBTC Liquidity Pool for a while and I saved up some ETH since posted this, DeFi Liquidity Pools Idea.
I finally I did it!
I zapped into LP few weeks ago and I have earned some Balancer token.

Adding liquidity into a pool can be overwhelming and time consuming. There are so many steps involved and often times it involves multiple tools and stuff... so many ways to mess up the process.
So that is why I used zapper.fi.
Just go to the site and find WBTC / renBTC pair in "Invest" tab.
Once you got there, you just need to "zap in" with ETH.

Just one click. That is all and you are in the liquidity pool earning some Balancer rewards.

I only put in 0.5 ETH and gas fee. I used all my ETH payout from Publish0x and used that to cover gas fee.

I didn't know exactly sure how I earn Balancer rewards or how often, but it turned out that the rewards are distributed every week.
I think I have received BAL token 2 times or 3 times and it is this much 👇

BAL is distributed automatically and shows up in my wallet, so I don't have to claim it to receive it.

It is not much but the BAL token was doing well and price were around $35 then everything crashed last week, but it is coming back up again so I hope it will continue to grow.

source

I picked WBTC + renBTC LP because they are ETH version of BTC so I was curious how it compares to BlockFi.

BlockFi is not DeFi, but it is a lending platform. Deposit BTC and you can earn 6% compound interest on it. I have been using this for over 9 months now and I am getting about $1 a day in interest.

WBTC + renBTC lp gives me $1 in few weeks, BlockFi gives me $1 everyday.
In my situation and include ETH gas fee and everything, BlockFi is more attractive so far, but if I had a lot more money, I think WBTC + renBTC could be a better option 🤔

I think I will keep going for a while in WBTC + renBTC, but I definitely think I will need more momeny if I want to invest in DeFi to make decent earnings...

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