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/biz/ - Business & Finance

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16179453 No.16179453 [Reply] [Original]

MCD Nov.18th

>> No.16179463
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16179463

>>16179453
Shill me. NOW.

>> No.16179490

>>16179463
Decentralized Collateral Debt Financing and a stablecoin.

3 use cases

1)I have 10 eth. I think eth will moon, I need cash, and I don't want to sell. I lock up my 10 eth and get 70% of my eth's value in DAI.

2)I have 10 eth and I want more eth. I lock up my 10 and receiver 70% in dai. I invest that Dai in more eth.

3)I'm in argentina and my currency is worth shit. I convert everything to dai, a usd pegged coin.

Oh yeah, nov 18th. is multi collateralized dai. That is, any tokenized asset can be used as collateral. Repeat the scenario I brought up with wrapped bitcoin, or any tokenized real world asset. Wrapped AAPL, Wrapped Tesla etc.

>> No.16179555

>>16179453
how will cdps be different??? pls explain like im retarded

>> No.16179560
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16179560

>>16179490
If it's using any of Craig's patents it's fucked and will get stiffed.

>> No.16179562

>>16179490
oooh a wrapped wau coin would be powerful for that since it outperforms all the other cryptos

>> No.16179801

>>16179490
> stablecoin

And why should I invest again?

>> No.16179809

>>16179453
What is the difference between this and RSR? Why is this better?

>> No.16179830

>>16179490
This has the same framework as a pyramid scheme lmao
>put in something and you get 70% back to spend how you want!
>can you have the remaining 30% back?
>well as long as everyone doesn't take out their remaining 30% at once...

>> No.16179875

>>16179453
Fuck this gay shit I'll just leverage my position up until I reach my Personal Risk Tolerance - it literally can't go tits up

>> No.16179886

>>16179830
>well as long as everyone doesn't take out their remaining 30% at once
same scam they pull with fractional reserve banking

>> No.16181042

>>16179886
you think that will happen with eth?

>> No.16181509
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16181509

>>16179453
Saw this shilled on youtube recently, picked up a few bags for 3 eth each. Am I gonna make it?

>> No.16181531

>>16179562
i thought that was a scam wtf