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kripcat.eth 🎩
@kripcat.eth
Onchain mortgages seem like the final boss for DeFi. Cross jurisdictional. Tied to permissioned, off chain, sometimes off line, state based systems. No onchain recourse to claim the collateral asset in the event of default. Sounds hard. But there’s also a wealth of opportunity. Here in Australia for example I cannot access a permanently fixed interest rate on a mortgage, the default is a variable rate and essentially all fixed rate loans revert to variable after a maximum of 5 years. This is because we don’t have a well established mortgage backed securities (MBS) market that off loads the risk of long term fixed rate mortgages for banks. With a global onchain mortgage market and a tokenised MBS market behind it there would be more competition, more consumer choice and greater access to home ownership globally as a result. Sounds worth doing. 🏡
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
I want to say there was a coin for real estate - REX maybe? I can't remember and when I searched for it, REX was something else. I remember being inspired that blockchain could help end the risks of countries going under and new people rewriting the rules. btw, 565 $DEGEN as appreciation for your 13m hypersub. thank you
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kripcat.eth 🎩
@kripcat.eth
I think blockchain as a ledger for real estate ownership is another cool use case, but I think it requires a lot buy in from government to be legitimate. There are probably quite a few efficiencies to be gained from using a blockchain ledger to track property ownership, but the biggest benefit, immutable record of ownership, is probably most useful in the event of nation state failure. Ultimately it’s the state that enforces physical property rights. Potential to arrive at delegitimising point where the blockchain record of property ownership contradicts the state. Who is correct in that circumstance? Thanks for the tip.🙂
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