If you're not savvy to defi lending...don't take it from me, listen to Mark Cuban:
https://www.cnbc.com/2021/06/14/mark-cuban-banks-should-be-scared-of-defi.html
In short: You can deposit your ethereum (and a few other tokens) into smart contract DAOs like Aave, Compound, and MakerDAO -- and get loaned stablecoins (USDC, tether, DAI, etc) back at low interest rates. You still own your ethereum and can get it back by paying back the loan.
Why would you want to do this?
It allows you to buy things with your crypto without selling your crypto. Buy more crypto. Convert the stablecoin to USD and buy stocks or real estate. Your ethereum will still be yours -- going up in value.
It's the same trick the rich have always been playing with real estate and their stock portfolios -- You might have heard the phrase "Borrow, buy, die" -- these DeFi lending protocols allow you to do that. You take a loan out against an appreciating asset (IE crypto, real estate, stocks) and invest the loan money into more appreciating assets -- You've now leveraged your portfolio.
The potential here is orders of magnitude greater than the shitcoins you're all gambling on.
https://www.cnbc.com/2021/06/14/mark-cuban-banks-should-be-scared-of-defi.html
In short: You can deposit your ethereum (and a few other tokens) into smart contract DAOs like Aave, Compound, and MakerDAO -- and get loaned stablecoins (USDC, tether, DAI, etc) back at low interest rates. You still own your ethereum and can get it back by paying back the loan.
Why would you want to do this?
It allows you to buy things with your crypto without selling your crypto. Buy more crypto. Convert the stablecoin to USD and buy stocks or real estate. Your ethereum will still be yours -- going up in value.
It's the same trick the rich have always been playing with real estate and their stock portfolios -- You might have heard the phrase "Borrow, buy, die" -- these DeFi lending protocols allow you to do that. You take a loan out against an appreciating asset (IE crypto, real estate, stocks) and invest the loan money into more appreciating assets -- You've now leveraged your portfolio.
The potential here is orders of magnitude greater than the shitcoins you're all gambling on.
