Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by graeme on Monday April 12, 2021 @09:58PM
(#26787385)
> Now that a TSLA token exists you could provide to a pool for interest since it doesn't pay a dividend.
Explain further. Why would you be able to have the benefits of owning wine or TSLS and also earn interest on it. That’s your cake and eating it too.
There must be a risk element to the liquidity pool. What risk exposure are you taking by depositing TSLA stock there that you can’t get through normal finance?
Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by lxgr on Monday April 12, 2021 @07:13PM
(#26786318)
Commodities and future contracts on them have been around for a while now.
Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by base698 on Monday April 12, 2021 @07:59PM
(#26786617)
On your wine cellar?
Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by selectodude on Monday April 12, 2021 @08:06PM
(#26786647)
Goldman Sachs did it years ago.
https://www.businessinsider.com/goldman-accepted-fine-wine-a...
Liquidity for things that don't normally have liquidity.
Example: like wrapped Bitcoin, you could create wrapped Wine. Say you've got $1 million in a wine cellar. Create a wrapped token which allows you to use it as collateral or provide it to a liquidity pool to generate revenue.
Now your wine is earning you interest. Something like this may already exist...
Same for Tesla stock above. Now that a TSLA token exists you could provide to a pool for interest since it doesn't pay a dividend.