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@davidgerard Bitcoin the ultimate solution to the double spending problem....
@davidgerard and now defi solves the problem creaated by solving the double spend problem...welcome to hyper yield, yield stacking, yield farming, yield harvesting and yield skyscrapers, yield rockets and yield mooning...."that sir is where the ponzi kicks in"
@davidgerard #yieldfarming I have 10 apples. I could sell those apples or use them to make an apple pie and sell the pie. fuck that. thats for losers. I want to be a winner. and winners lend apples and get back extra apples.
@davidgerard But here's how to really crush it with #defi. Take your ten apples and lend them out and get paid 2 extra apples. Cut the old school middle man - go defi. For every 10 apples you lend you get a bonus of 2 banana's for going defi.
@davidgerard This is soo cool because not only does the lender get 2 banana's the borrower gets 2 banana's as well. The lender and borrower can trade those bananas they got for free because free bananas are worth way more when you trade them
@davidgerard best of all you can take your apples lend them to yourself and get double the bananas. So not only do you as the lender get 12 apples back as the borrower you only had to pay 3 apples but you got 4 bananas which you traded and made a mint.
@davidgerard Because you are both the lender and borrower post transaction you now have net fruit of 11 apples and a bunch of bananas. Rinse, repeat and stack.
@davidgerard You can massively derisk and accelerate your yield by cross collateralizing your fruit and create a much higher yielding fruit. Take you 11 apples and bunch of bananas and create 22 banapples.
@davidgerard Banapples are worth way more than apples so you can lend out your 22 banapples at an annual interest rate of 8 banapples. Because you don't want to leave anything on the table and want all the bonus bananas to yourself you borrow the banapples yourself.
@davidgerard Now that you have stacks of bananas you can afford to buy a couple of pineapples. But why buy them when you can leverage up your bananas. Now you are ready for some next level shit. Banpinpaps (pinapple blended banapples) are programmed to split into two Banpinpaps ever 2 months
@davidgerard The governing code ensures that post split Banpinpaps have a floor value of at least 25% more than pre-split.
@davidgerard Code is law. Protocols for yeild. Farm your stack. Its not only different this time its exponential.
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