Here’s how you can get paid to own a house with DeFi self-repaying loans

DeFi is changing lives, for the degen apes among us, it’s possible to use DeFi protocols to get paid to own a house outright.

Yes, that’s right, it’s entirely possible to purchase a house entirely with borrowed money, and getting paid interest to buy a house, crazy!

Here’s the TLDR:

• Obtain $USDC, $DAI or $USDT stablecoins in your wallet
• Deposit $USDC, $DAI or $USDT into Curve’s 3Pool
• Deposit 3pool LP tokens on Abracadabra money
• Borrow $MIM from Abracadrabra money
• Swap $MIM to $GUSD
• Off-ramp into USD via Gemini to your bank account
• Buy house with USD

What happens in entire process:

• You still own the entire position of your USD collateral in 3pool on Curve
• This is locked in Convex Finance via Abracadabra Money which allows you to borrow $MIM debt against your interest bearing LP tokens
• The yield on 3pool LP is ~8.8% via Convex Finance
• Over time, your 3pool LP tokens is farming boosted CRV interest via Convex Finance
• You pay 0.5% as…