I think what you're missing here is that there's nothing about the fact this was crypto that matters. DeFi, at best, is getting you back up to the point the tra

I think what you're missing here is that there's nothing about the fact this was crypto that matters. DeFi, at best, is getting you back up to the point the traditional finance system has been at for decades. If you'd had a couple hundred $k of index funds in a brokerage account, you could have quickly and easily borrowed a significant amount of money secured by the shares at a very low interest rate. And yes, significantly cheaper than a mortgage. I think Interactive Brokers is charging well under 2% for a margin loan these days? (And under 1% if you have enough assets...) > some people do in fact get some utility from these things But strictly less utility than if you'd just bought non-crypto assets. Right?