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The Pomp Podcast
#1499 Micheal Cagney | Insane New Way To Get More Bitcoin
Mar 7, 2025
Micheal Cagney, co-founder and CEO of Figure Technologies and former SoFi leader, shares groundbreaking insights from Bitcoin Investor Week. He explores the revolutionary concept of using Bitcoin as collateral for home equity loans, emphasizing its benefits and popularity. Cagney discusses the innovative YLDS stablecoin aimed at improving cryptocurrency adoption in finance and examines how blockchain and automation are reshaping lending and asset trading. This conversation reveals the exciting future of finance through the lens of cryptocurrency.
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Quick takeaways
- The Bitcoin HELOC model revolutionizes borrowing by utilizing property equity and Bitcoin as collateral for increased loan potential.
- The introduction of the YLDS stablecoin aims to transform decentralized transactions by tokenizing deposits and enhancing blockchain interactions without traditional restrictions.
Deep dives
Innovative Bitcoin HELOC Structure
A Bitcoin HELOC (Home Equity Line of Credit) allows homeowners to leverage their property equity to borrow Bitcoin, significantly increasing their borrowing potential. Instead of lending a standard percentage based on home equity, the lending framework utilizes Bitcoin as collateral, which, in combining the value of the home and the Bitcoin, lowers the loan-to-value ratio. This innovative approach attracted immediate interest, with a notable online response from potential users eager to adopt this method for acquiring Bitcoin. The advantage of this setup lies in allowing borrowers to maintain ownership of the Bitcoin, creating opportunities for upside appreciation while managing the risk of downtrends through structured loan safeguards.
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