I borrow 1 unit and put it in STRC for 1.10x returns and then collateralize those and put it in STRC for 1.10x returns and then collateralize those and put it in STRC for 1.10x returns and then collat...
Ya I remember reading about the collapse of FTX/Alameda and how Wells Fargo gave them enormous cash loans collateralized by the token they printed out of the thin air and then used that …etc. etc…
Meanwhile at the same time people with BTC couldn’t get a car loan but these motherfuckers got hundreds of millions for a token they control and print.
Imagine going to a bank with incorporation papers still warm from the printer and asking for a cash loan collateralized on the stock you just invented for a $100 Sec. of State filing fee?
Meanwhile at the same time people with BTC couldn’t get a car loan but these motherfuckers got hundreds of millions for a token they control and print.
Imagine going to a bank with incorporation papers still warm from the printer and asking for a cash loan collateralized on the stock you just invented for a $100 Sec. of State filing fee?