In fact, using on-chain or DeFi methods can solve some problems:
1. US bank accounts
2. Opening a brokerage account
3. USD fiat-based deposits
4. KYC for funds
If done on-chain, first, compliant funds purchase, then tokenization followed by auditing, solving the following problems:
1. No need to open an overseas bank account, the fund's account is open for shareholder audit.
2. Avoid the problem of individuals opening brokerage accounts. Shareholders can log in to the brokerage account at any time to view.
3. All fund and brokerage accounts can be opened at compliant brokerages in compliant sovereign countries. $MSTR or $IBIT can be purchased at compliant brokerages, of course, including other stocks as well.
4. Personal funds do not require KYC, USDT or USDC can be processed.
5. Providing liquidity for #BTC MSTR IBIT three parties, MSTR can be staked for lending at US banks, and IBIT can be staked for lending at some private banks in Singapore.
The problem solved is if users have BTC but need liquidity and do not want to sell BTC. The previous solution was to pledge BTC to Web3 institutions to exchange for about 60% USDT. Now it is completely unnecessary, as three funds are established corresponding to BTC, MSTR, and IBIT, with each fund having a certain volume of exposure.
If each fund has assets of $1 million, then corresponding to this $1 million, stablecoins can be issued at a value of $1. The price of the stablecoin is tied to the total asset amount. For example, if $1 million of MSTR is purchased and MSTR rises to $1.1 million, then the price of each stablecoin would be $1.1, and this $1.1 'stMSTR' can be exchanged for BTC or IBIT within the fund, providing liquidity for BTC, IBIT, and MSTR in this way.
This is what I want to do right now, and it is currently in preparation. The first phase is to conduct experiments with my own and some friends' money.
This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX
