Garrett  pfp
Garrett
@garrett
Feels like there will be native transactions on Warpcast with an embedded wallet very soon $HIGHER
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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
Ya the only answer I have to combat the need for $5/$3/any$ signup cost is the eventually provide passive yield on deposited assets. You could do this via a native yield bearing stable coin or just dump the deposits into aave product or similar. The social layer and in feed txs are here, now tell Gary to suck it and turn Warpcast into a yield product with integrations to base apps in feed. @dwr.eth I’ve already built this and can provide some good insight if you ever go this direction πŸ‘€ https://youtu.be/xVq3j6bSeKs
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Garrett  pfp
Garrett
@garrett
Wow yeah this would be awesome! Imagine that a user deposited $20-$100 to sign up to warpcast and part of it went into a yield vault that could generate enough yield to pay for its yearly storage costs
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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
They can do this right now out of box. I’m assuming they have also had this idea and it’s prob been a regulatory concern issue.
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Garrett  pfp
Garrett
@garrett
Any thoughts on this @dwr.eth ?
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Dan Romero pfp
Dan Romero
@dwr.eth
Interesting idea. I'm skeptical that many new people would be willing to do this, though.
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Garrett  pfp
Garrett
@garrett
Fair concern. I think it would probably have to be pushed as a Savings/Yield product and the yield would need to be attractive, like something marginally above the risk free rate or slightly better than a high yield saving account (~5%) Basically, a better risk-managed, transparent and onchain version of BlockFi/Celsius
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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
This was whatt Streams was :( Maybe someday again...
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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
"Passive income" are the magical words to normies. They think buying an Airbnb and making 5% annual is GREAT! Here is all the value props, just redo them for social https://apnews.com/press-release/globe-newswire/technology-f546e5cfa96308f55d88ee54cb03f1c9
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