I had an idea and asked @grok to make it
CardFi
Lock up BTC, ETH, USDC, etc., get a loan, and top up your card! (Loans are card-top-up)
With interest, the project token rewards💰 LTV varies depending on the lock-up period, and loan interest is repaid as collateral. Increasing card usage and increasing📈 token value How about a DeFi+ card system like this?
(thread👇)
CardFi Detailed Proposal⃣1️
The LTV (loan-to-collateral ratio) varies depending on the lock-up period!
• 3 Months: 50% (USDC $10K → Loan $5K)
• 6 months: 65% ($6.5K)
• 12 Months: 80% ($8K, USDC Preferred)
What are the risks with stablecoins↓?
CardFi Detailed Proposal⃣2️
Reward project tokens with loan interest! 💸
• $1K~$5K (3 months): 5% p.a. (125 tokens)
• $5K~$20K (6 months): 8% p.a. (400 tokens)
• $20K↑ (12 months): 12% p.a. (1,200 tokens)
Bonuses for timely repayment! 😉 Attractive?
CardFi Detailed Proposal⃣3️
Lockup→loan→card top-up→payment→token reward→ reinvestment! 📈
If you use a card, you will receive discounts + points and token rewards to encourage reinvestment. Ecosystem assets circulate and increase value! Wouldn't it be great to put this system in a specific project? Give us your feedback! 🙌
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I've had a hard time, Grosk
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