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4 sats \ 5 replies \ @Ras 31 Aug 2021 \ on: What are you working on? bitcoin
I'm studying lightning and working on Coinward Labs, a product studio focused on censorship-resistant projects. My hope is to develop lasting tools that make it easy for anyone to use bitcoin for basic finance.
A few underway at different stages:
Swym, mobile app with weekly prizes awarded for saving Bitcoin https://www.Swympools.org, https://github.com/Swym-Pools/Swym_App
BTCtutors, a web community for studying Bitcoin https://www.BTCtutors.com
SatsMutual, insurance and estate planning for bitcoiners inspired by mutual company model
BTCRefi, newest project is looking at making it easier to use BTC as collateral to refinance debt at a better rate (working on mvp that uses unchained capital)
Startups are cool
You're busy!
Swym looks fun. Do you custodian the funds? Is there a business model? It's not clear on the site.
Love the insurance/estate/debt refinancing plays with Bitcoin. I assume a lot of big companies in Bitcoin will come from this direction.
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The prizes for Swym come from the sats forwarded to lending partners, which are all custodial models that offer lending and interest accounts like blockfi, celsius, etc. I'm hopeful that offchain breakthroughs present more censorship-resistant options going forward because blockfi aint it! lend.hodlhodl.com seems promising, some others using liquid, and atomic.loans offering non-custodial yield with dlc's paint me optimistic.
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I see so on the backend Swym is depositing the funds into Blockfi, etc, and loaning the funds out and returning the yield to users in the form of rewards?
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Yeah thats a good summary, inspired by uk premium bonds / prize-linked savings
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Very cool. I love the ingenuity - it's a kind of a UX arbitrage.
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