Corpus ID: 236635378

Decentralized Basic Income: Creating Wealth with On-Chain Staking and Fixed-Rate Protocols

@article{Lau2021DecentralizedBI,
  title={Decentralized Basic Income: Creating Wealth with On-Chain Staking and Fixed-Rate Protocols},
  author={Hakwan C. Lau and Stephen Tse},
  journal={ArXiv},
  year={2021},
  volume={abs/2107.14312}
}
In this review, we evaluate the mechanisms behind the decentralized finance protocols for generating stable, passive income. Currently, some savings interest rates can be as high as 20% annually, payable in traditional currency values such as US dollars. Therefore, one can benefit from the growth of the cryptocurrency markets, with minimal exposure to their volatility risks. We aim to explain the rationale behind these savings products in simple terms. The key here is that asset deposits in… Expand

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