Every $BOLD mint = a buyer of ETH. Think of Liquity V2 and BOLD as an onchain ETH treasury. - Every BOLD mint locks ~2x its value in ETH. - More BOLD in circulation means more ETH being bid and held. BOLD is the dollar that grows binji @binji_x Nov 6 Agree that ETH is a store of value that can support and back the creation of money, but it is not money yet. Overcollateralized ETH stables can help create tokenized dollar-pegged assets that are less volatile than SOVs are. Check out what @LiquityProtocol does for example.
Be $BOLD • The best way to borrow with (staked) ETH Join us: https://t.co/nFzKCPYkkR
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36% APR on ysyBOLD as borrows on Liquity V2 have picked up, so have APRs for the Stability Pool 👀 Max loop on @InverseFinance ysyBOLD now yielding 36% APR zap here: firm.inverse.finance/markets/ysyBOLD Liquity @LiquityProtocol Nov 2 29% APR on ysyBOLD with fixed costs and duration that you control. zap up to 500k in 1-click here: firm.inverse.finance/markets/ysyBOLD