I think the MakerDao CDP is a good way to potential eat your cake and save it also. The Ethereum can be deposited in your MakerDao wallet where it appreciates and you can borrow against it to pay rent or buy food, but only pay interest charges (called stability fee). It also allows you to earn appreciation on your Ethereum and invest in other projects like buying LEO with the borrowed CDP funds. At some point I had hoped we would be able to make a similar investment on the Steem blockchain and it would be more profitable because of no transaction fees in ether and gas. We had Steem and SBD, plus NFTs on Steem-Engine, which could be ERC, we just needed developers to bring the smart contract to our blockchain or the sidechain.
You are viewing a single comment's thread from: