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Yeah 99% of Ethereums use-cases is creating erc-20 tokens. Most of which is just iterations with slight variables of something that already exists.
by Kathula 5y ago
Yeah 99% of Ethereums use-cases is creating erc-20 tokens. Most of which is just iterations with slight variables of something that already exists.
- asenna 5y agoThis statement feels straight out of 2017. Have you looked into the Ethereum ecosystem of 2021 by any chance? Some examples: - You can use your tokens as collateral, borrow stablecoins and pay off your mortgage while the loan pays itself off from the interest being generated by the collateral - you do not have to pay back the loan => https://alchemix.fi/ https://alchemix.fi/ - Borrow stablecoins at 0% interest on your collateral => https://liquity.org/ https://liquity.org/ - Musicians managing royalties of their work through NFTs => https://eulerbeats.com/ https://eulerbeats.com/ And there's a lot more.
- graeme 5y agoWhy would a loan pay itself or why would someone give you an interest free loan when those same stablecoins pay out 20%+ interest if deposited?