One year ago today I bought a boat with an
@AlchemixFi
loan
5k of 25k was paid off in year one
No interest
No credit checks
No monthly payments
Just my deposit quietly working for me
Sooo
@0xdef1
bought a $25,000 BOAT with a DeFi loan that will pay itself off by late next year. 🤯🤯🤯
@AlchemixFi
's self-paying loans = game changer.
h/t
@scupytrooples
Check out how he did it! (video below)
👉
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Replies
@0xdef1
@AlchemixFi
Does it bother you that it takes longer than you initially expected due to decreasing yields?
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@Ace_da_Book
@AlchemixFi
Not really, I didn’t expect yields to stay in the 30s forever
And if yields go to zero, I can just withdraw the balance and still come out way ahead of paying cash
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@0xdef1
@AlchemixFi
Every single time I explain Alchemix to people I pull you up and tell them the tale of that madlad who bought a boat.
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@PeterTheTerran
@AlchemixFi
If I did a tradfi loan, 5 years of monthly payments is the norm. This is way better
Opportunity-cost wise maybe not the best, but very low risk play to take the loan
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@0xdef1
@AlchemixFi
Maybe time for a house once
@kinetic_money
is live next month? Faster repayment rate too 😉
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