imsd

On multiple occasions Delhi has exceeded 999, which is the maximum reading on the government monitors. I recall being there with 1000+ AQI levels. It's extremely saddening as most have no choice but to endure the toxic air.

I made the transition from fintech to working at the intersection of web3 and climate. There’s an emerging movement around “Regenerative Finance” and it’s quite exciting. There’s very real potential for impact here. A good starting spot to get the pulse on these trends is the “My Climate Journey” podcast.

Really?

"..future socialists will adjust accordingly and promulgate the slacker gene..."

I'm not sure I understand. You could denominate ETH in dollars, yen, euros, gold, or any other form of money/currency.

Although USD might be your preferred, many would happily sell a vehicle for compensation in BTC, ETH, silver, gold, euros, etc.

I love HN but have watched for years as much in the community have completely missed the boat on crypto and blockchain. It's a strange disconnect...

More and more, I'm hearing only the ETH value rather than dollar denomination. Personally, when I bid (or receive bids) on any of my NFTs, I'm only considering the ETH price.

It's a new shift, but I think quite profound.

Edit: If you're referring to mainstream media, the dollar value is all that most would be able to put into context. For those deep in the space, we're thinking about dollar values less and less. My primary benchmark on overall portfolio value is the value denominated in ETH, not USD.

That'd be a great addition. I plan to update this with historical charting and tracking of position values over time. I'll see if I can find a way to add risk parity. Makes a lot of sense.

My collateral is currently yielding 6.5%, which is gradually paying down the debt. At this rate, estimated maturity is 02/28/2029. This will vary depending on APYs for DAI in the Yearn protocol. But personally, I'll use other income streams to pay it off much sooner.

I trust people much smarter than myself to evaluate the contracts. Audits from highly reputable firms also help. Nonetheless, there's always risk.

Your edit captures the situation pretty well. I used stablecoins as collateral and this was effectively a migration of the debt on my balance sheet to a lower (even negative) interest rate.

And yes, there are definitely risks; it's not for everyone!

I did have sufficient funds but drawing a loan is more capital efficient. I responded to another comment in this post explaining why.

Also, this was not my scenario but a common view: it can make sense to draw a loan so that you're not liquidating long-term holdings. Imagine I hold $100k in bitcoin and need to pay off $15k in student debt. If I sell my BTC, I'll incur capital gains tax and also have a smaller long-term holding. Alternatively, I can borrow $15k against the BTC, pay no tax, and keep my BTC position in full. There are various ways to then generate interest on the BTC and pay back the borrowed funds.

Some platforms offering 0% loans include Liquity and Alchemix.

I do use both of those protocols, but for this specific use case I'm referring Alchemix. I deposited $30k DAI and borrowed $15k alUSD against the deposit. Traded the alUSD for USDC and withdrew through Coinbase.

I didn't go into detail in the initial post since it sounds a bit crazy, but the loan will actually pay itself off since Alchemix is depositing my $30k into Yearn. The yields generated from Yearn gradually pay down my debt automatically. Other interest bearing positions (apps like Compound and "yield farming" on various new protocols) will also help me pay off the loan faster.

The alternative to this is that I could've taken $15k from the initial $30k and paid off our loans outright. But, using Alchemix is more capital efficient. Student debts are now paid and I also have $30k of capital generating yield instead of only $15k if I had simply paid the loans upfront.