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RE: Eat my shorts: Point of Guaranteed Return

in LeoFinance3 years ago (edited)

I'd absolutely love it if something like Thorchain made trustless wrapped Bitcoin possible on Ethereum.

A token would be released that represented shares in a wBTC+DAI fund. That pool would be controlled by a smart contract that traded the four-year cycles.

Advantages:

  • Automatic trading thus removing stress from the token holders.
  • The token would likely outperform BTC in appreciation
  • No capital gains taxes for token holders as they would never sell their any tokens during the bull market tops.

I made a post about this:

https://leofinance.io/@reonarudo/a-synthetic-tokenized-asset-representing-a-pool-containing-btc-and-dai-and-outperforming-btc-would-be-cool

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