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https://warpcast.com/~/channel/skininthegame
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gmoney
@gmoney.eth
A lot of people talking, but who is gonna actually put skin in the game?
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BORED.eth
@bored
Explain this to me like I’m 5
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gmoney
@gmoney.eth
You post eth as collateral to borrow degen. Your bet is degen goes lower so you can pay back the loan at a lower cost than what you borrowed it at.
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BORED.eth
@bored
Ah. So you are betting Degen is going lower. Fair enough :)
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gmoney
@gmoney.eth
No. I’m allowing people who think it’s going lower the opportunity to do it by lending them my degen. I think it’s going way higher, but why not earn interest on it in the meantime? This is a big business in the equity market.
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BORED.eth
@bored
Gonna try it now. Thanks!
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