Thread by @TheArtOfTomas

1-10
Today I’ll show you how we can pay for Rent and Living Expenses with our #Bitcoin without selling them.

Using #ZERO from @SovrynBTC , a #DEFI platform running on @RSKsmart , a sidechain that uses #BTC as its native currency as it is merged mined by the BTC miners

2-10
All we need to get started is some #Bitcoin and an @RSKsmart enabled wallet, I personally use @Liquality_io , but @MetaMask or @defiantApp work as well.

We exchange our #BTC for #RBTC using the #FastBTC bridge from @SovrynBTC at live.sovryn.app/fast-btc/depos…

3-10
The #RBTC is always backed 1 to 1 with #BTC and can be traded back and forth

This maintains their value, and once in the @RSKsmart blockchain we can take advantage of #SmartContracts and #DEFI platforms like @SovrynBTC , @moneyonchainok and @tropykus secured by #BTC

4-10
Now we Deposit our #RBTC in #ZERO and open a Line of Credit.

This incur a 0.05% fee and $20 deposit which we’ll get back once the LoC is closed

We can then set our collateral ratio, it is recommended 200% to 250% to be safe. And we get our #ZUSD stable coin in exchange

5-10
If the price of #Bitcoin (our collateral) drops to be worth 110% less than the #ZUSD (our liability) we borrowed, we would then lose our #BTC , but we keep the ZUSD.

we can always add more collateral if need be, is a good idea to always keep an eye on the collateral ratio

6-10
The #ZUSD can only be used for three things:

1-Repay the loan and get our #BTC back
2-Add to the stability pool, help secure the protocol and profit from other users “bad loans”
3-Exchange for #XUSD an aggregated #StableCoin which can be then traded for any other asset

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Once we traded #ZUSD for #XUSD we can use this new #stablecoin to get #RBTC again through @SovrynBTC's decentralized swaps

And use the #FastBTC bridge to convert back into #BTC

8-10
The last move is to go from #Bitcoin to fiat, I recommend using non KYC platforms such as:

1-Robosats
2-Bisq
3-Telegram Bots

Then use fiat for whatever you need it

9-10
Why jump through all this hoops?
Well, all the #BTC we deposited we'll get back by repaying our loan. Even if the value of it +100x, we only need to pay back our initial USD loan.

We can use the value of our coins today, and keep their long term appreciation for tomorrow!

10-10
While a bit tricky and cumbersome, #ZERO is a fundamental platform for #Bitcoiners to be fully self sovereign. One which will only become better and easier to use in the future.

Get on the early access… #GetOnZERO!

sovryn.app/zero

@SovrynBTC @RSKsmart