Manan
@manan
Is there a wrapped stablecoin that has mechanics similar to cbETH? i.e. the price in USD keeps increasing based on the interest earned / accrued by the underlying asset in custody. Effectively a "saved dollar" coin.
6 replies
2 recasts
15 reactions
rish
@rish
this is to save paying interest based taxes?
1 reply
0 recast
0 reaction
Manan
@manan
Not for that particular reason, but just to always have savings mode on. I’d assume it changes the interest income to cap gains because you’re buy and selling another product.
0 reply
0 recast
0 reaction
