Eric Wade – Most recent financial planAnyone have any info. regarding Eric Wade’s latest pitch for getting paid interest with other tokens based on your BTC as collateral.
Thanks
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I believe you are referring to the webinar which aired 7/21/21 to launch Eric Wade’s new research service CRYPTO CASH FLOW. (Charter Membership = $2.500 for 2 years if one subscribed same night; regular membership price = $5,000/yr.)
Wade believes that bitcoin has accomplished the 1st Phase of disrupting the banking/financial industry. Now comes the 2nd Phase: Lending and Borrowing between Bitcoin and Stablecoins.
He claims that Stablecoins – pegged to fiat currencies – are where the future of Bitcoin dollars can be made – i.e. income generation thru asset-backed stablecoins.
Examples of current Stablecoins:
1) USDC – Interest is paid every month. Unlike a bond, can withdraw anytime (except if $1 million and up)
2) GUSD – Deposit $$ in stablecoins, receive interest in bitcoin (if it’s going up)
3) CEL – This is really a crypto (Celsius) but is regulated by the SEC. Deposit bitcoin, receive interest in CEL and interest rates on your deposit never change even if bitcoin is down.
Freebie reco for new stablecoin: OUSD (Origin Dollar) – interest fluctuates between 4 to 8% in crypto wallet. See https://ousd.com/mint.
(Please don’t ask me to clarify any of the above or provide mechanics as to how these transactions are done. I joined the webinar merely out of curiosity but am not in the crypto world as of now.)
Thank you for taking the time to respond.