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RE: Equalizing Access to Decentralized Finance
I wish I knew what this article is about.
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Happy day 💕
I wish I knew what this article is about.
Your tags underneath will not work unless you use # before each word.
Happy day 💕
So if I understand you correctly. The MakerDao on the Ethereum Blockchain allows wealthy people to make money through their knowledge of credit, loans and leveraged investment. The rich deposit Ethereum, which is $180 a token in the MakerDao. They borrow money, using their Etheteum as collateral, then use that borrowed money to buy more Ethereum, then deposit that in the MakerDao, then borrow more money against that newly deposited Ethereum and borrow more money and do the same thing again. So by using credit and loans, along with a very expensive asset, the Ethereum they buy more Ethereum with loans, but no more of their capitol.
But only the wealthy can buy Ethereum. So only the wealthy can use this strategy. But the new credit facility, uses a cheaper asset Tron. So now people who can’t afford Ethereum, but can afford Tron, can use this vehicle to make increase their holdings of Tron. So the same way the Ethereum holders increase their Ethereum holdings and their subsequent profit on the increased value of their increased amount of Ethereum, less wealthy profit from increased value of Tron over time.
Hello @wakeupkitty
The MakerDao on the Ethereum Blockchain allows wealthy people to make money through their knowledge of credit, loans and leveraged investment. The rich deposit Ethereum, which is $180 a token in the MakerDao. They borrow money, using their Etheteum as collateral, then use that borrowed money to buy more Ethereum, then deposit that in the MakerDao, then borrow more money against that newly deposited Ethereum and borrow more money and do the same thing again. So by using credit and loans, along with a very expensive asset, the Ethereum they buy more Ethereum with loans, but no more of their capitol.
But only the wealthy can buy Ethereum. So only the wealthy can use this strategy. But the new credit facility, uses a cheaper asset Tron. So now people who can’t afford Ethereum, but can afford Tron, can use this vehicle to make increase their holdings of Tron. So the same way the Ethereum holders increase their Ethereum holdings and their subsequent profit on the increased value of their increased amount of Ethereum, less wealthy profit from increased value of Tron over time.