We’re excited to welcome @TheTNetwork as an official Block Sponsor for ETHDenver 2025!
ETHDenver is where innovation thrives and boundaries are broken.
Thank you to @TheTNetwork and all of our sponsors for making this possible!
@HODL15Capital Bridging assets to @ethereum enables you to borrow against your BTC for things like the ‘buy, borrow, die’ strategy.
We don’t allow centralized collateral like @WrappedBTC, but you can borrow against your Bitcoin interest-free with decentralized wrapped BTC @tBTC_project.
Bitcoin-Backed Loan Calculations:
Taking a loan using your #Bitcoin as collateral allows you to generate cash flow from your BTC without ever having to sell or pay taxes.
A person could post 1 BTC as collateral today at a very conservative 10% loan-to-value (LTV) ratio and generate a cash flow of $9,784 (bottom line) in the first year.
However, after 10 years of Bitcoin's growth, the cash flow would increase to $164K, providing a substantial retirement income from just 1 Bitcoin.
Old loans are serviced by taking a new (larger) loan each year against the BTC.
This is the 'buy, borrow, die' strategy. You never want to pay back the loan, just keep rolling it for the remainder of your life.
Note: This is a simplified model and assumes that BTC will appreciate by 50% annually for the next decade, which I consider conservative.
Borrow against Bitcoin (tBTC) & ETH
👉 without middlemen
👉 without interest
👉 with the flexibility and decentralization @bitcoin & @ethereum maxis need
Ethereum Foundation Treasury Update
The Ethereum Foundation (@ethereumfndn) has set up a new @safe 3-of-5 multisig wallet.
The wallet address is 0x9fC3dc011b461664c835F2527fffb1169b3C213e
An op has been initiated to send 50,000 ETH there, but be patient; due to signing delays, this will take a few days to process (https://t.co/YyQiT4Yshw)
The EF will use this new wallet to participate in the DeFi ecosystem. We've made a testing tx on @aave. Stay tuned!
Also, @safe has proven safe and has a great user experience, and we will transfer more of our funds here over time!
#helloworldcomputer