In the last bear market, I started deploying a strategy that was - at the time - only recently made possible thanks to DeFi applications.
Since then a lot of CeFi and other DeFi apps have sprouted up and offered similar mechanisms.
The strategy is called Bitcoin Collateralized Lending.
Collateralized lending has been around for centruies. You put up XYZ collateral and in return you get XYZ amount of money to utilize.
Once you pay back the money you borrowed, your collateral is released and you can utilize it however you wish.
In the past this may have been things like jewelry, your home, your land, etc.
In a digital age, we are now able to do this with our digital property: BTC.
In this clip, I talk about how I used collateralized lending in the last bear market to 10x my portfolio while still being able to live and survive on crypto.
I talk about how I am still deploying this strategy today in the 2022-2023 bear market!
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
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Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
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Hivestats: https://hivestats.io
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Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
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