I had an idea, so I asked @grok to create it.
CardFi
Lock up BTC, ETH, USDC, etc., and get a loan to top up your card! (The loan is conditional on the card top-up)
Earn project token rewards as interest 💰 LTV varies based on the lock-up period, and the loan interest is repaid with collateral. Increase card usage and also boost token value 📈 How about this DeFi + card system?
(Thread 👇)
CardFi Detailed Proposal 1️⃣
The LTV (Loan-to-Value ratio) changes based on the lock-up period!
• 3 months: 50% (USDC $10K → Loan $5K)
• 6 months: 65% ($6.5K)
• 12 months: 80% ($8K, USDC priority)
How about reducing risk with stablecoins?
CardFi Detailed Proposal 2️⃣
Loan interest rewards in project tokens!💸
• $1K~$5K (3 months): 5% annual (125 tokens)
• $5K~$20K (6 months): 8% annual (400 tokens)
• $20K↑ (12 months): 12% annual (1,200 tokens)
Bonus for timely repayment!😉 Attractive?
CardFi Detailed Proposal 3️⃣
Lock-up → Loan → Card Top-up → Payment → Token Rewards → Reinvestment! 📈
Using the card gives discounts + points, encouraging reinvestment through token rewards. The ecosystem circulates assets, increasing value! Wouldn't it be a hit if we implemented such a system in specific projects? Please share your thoughts! 🙌
Hahahahahahahahahahahaha
You did a great job, Grok.
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