Thread by @DegenSpartan

example:

deposit 1m DAI
take out 500k alUSD
convert alUSD to USD and cash out
buy house for 500k that pays itself off

risks: SC risks of alchemix and yearn

worst case: 1m blows up on chain, but you still have the house

best case: nothing blows up, free house in ~10 years

https://twitter.com/scupytrooples/status/1445239888555638784

additionally, you can even go another step further and use the house to secure a HELOC with low rates and then bring back the USD to stables and earn the spread, accelerating the process and reducing the payback period

if it was me, i would do this extra step with cefi

lets say you get a shitty HELOC that can only draw down 50% and charges you 4%

you'd have:
500k home equity (with rental yield if not own use)
1M (principal) in alchemix @ 5%
250k (heloc loan) in cefi @ 8%
- 500k in alchemix @ 0%
- 250k (heloc loan) @ 4%

vs 1M DAI before this

of course, you could always just risk on and just make more money in degen stable farms or crypt coins

but if (1) my non-crypto life required me to settle down (2) and get a house (not rent) and (3) i have credit issues, this would be a strong consideration on how i'd do it

im a pretty strong believer of "well, just go more more money then" to solve most of lifes problems

but this is a good way to tap out with some funds and create a "lifestyle hedge" imo

perhaps even having a HQ might improve your performance compared to being a nomad

you think philakone drags around his 75" monitors to a new place every other year?

that's what peak performance looks like

jfc guys of course the best scenario is to not do any of the above and just simply bottom tick BTC/ETH on 25x leverage and hold until the pico top and sell it all stop asking stupid questions

you probably need to figure out the tax implications of whatever you do in your 3rd world country, unless you live in a great 1st world country without taxes