Leo
82 posts


YOverse, unite. You can now see your $YO allocation and claim your tokens: 🔗 app.yo.xyz/claim Welcome to the next phase of the YOverse.

This is the proper way to build a crypto credit card today: 1. User deposits into a vault, which earns using yield-bearing dollars (e.g., sUSDe, USDai), t-bill yield, and DeFi yield. 2. DefiBank issues a no-cost USD loan against your crypto (like a credit line). If the loan originator works with a good strategy manager, they can probably make more from management/performance fees on the vault. Unpaid balance interest still applies ofc. 3. The user spends from the loan and repays their debt from the vault. Repaying should be as simple as paying off a credit card, a one-click action that unwinds your vault position and pays back the protocol. ***Room for improvement: issuing the loan to an agent who controls your wallet, which has set parameters for spending the dollars (e.g., no buying memecoins on pump.fun). Btw, @ether_fi does 1-3 already. Any other prepaid debit card today that forces you to sell your tokens into USD for the card is not only tax-disadvantaged, but also can't compete on yield without selling tokens or using market dollars (unsustainable).





Cybercab is individualized point-to-point autonomous transport










