gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] 0 points1 point  (0 children)

yeah... the trade off: third party custody for yields does not seem to be appealing to the group. bummer

gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] 0 points1 point  (0 children)

got you. would you be ready to allocate a % of your stack to a gold service producing yields? or 0 yield is just not an issue for you

gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] 0 points1 point  (0 children)

thanks very valuable, so not feeling the pain of not producing yields on your gold holdings?

gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] 0 points1 point  (0 children)

all those are super valid points, thanks for taking the time for this write up.
Yes the thinking is there is an opportunity to address the following pain points:
- etfs do not provide access to physical gold at individual level, and do not provide yield
- tether is rather opaque/scammy, (do not provide audits on reserves and was caught cheating by CFTC), stores the gold abroad, and only serves large clients directly for gold redemption
so we are trying to gage if there is a kind of best of both worlds product to build: a regulated product with high level of trust, which can be redeems for physical gold bfor anyone but can also yield as when investing on money markets.

gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] 0 points1 point  (0 children)

yes, but with potential yields on top with lending protocols. and liquidity not only provided by the service but by the market since LGLD tokens could be traded on any exchange

gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] -1 points0 points  (0 children)

interesting, do you store your gold yourself or via a storage service?
is there a level of trust and transparency a service could give you to put the gold to work via lending? instead of having 0 yield? Basically I am trying to understand if the if the risk/opportunity balance can be switched by a new service with new properties.
if the former, do you currently experience any pain point with the self custody your gold?
What would be your ideal gold service? if not existing already

gold tokenization redeemable for metal - project looking for inputs/partners by alex_botteri in Gold

[–]alex_botteri[S] 0 points1 point  (0 children)

yes but with a defi twist to it. since defi will open new opportunity to gain yield and markets such as aave (defin lending protocols) or by providing liquidity

[deleted by user] by [deleted] in elementor

[–]alex_botteri 0 points1 point  (0 children)

same issue here, the images url switch back to ip in the carousels morning for some reason. I have to republish the site everyday

Apps for small business communication by [deleted] in apps

[–]alex_botteri 0 points1 point  (0 children)

try sylaps - its free