Post
Topic
Board Economics
Re: IS it possible to let your BTC work for you ?
by
hodllord
on 16/01/2022, 14:02:11 UTC
Hey, I am wondering is it truly possible that my BTC works for me , without revealing my private keys and also without KYC ?
I have read and heard about similar things but they seem more like a Ponzi scheme.
Does anybody have any experience with a non-custodia platform/wallet /swap which does not require KYC but supports BTC ?

A privacy concerned BTC fan.

I believed there's no way for you to earn something from your BTC aside from price appreciation.

But you can wrap your BTC and supply it in lending and borrowing Daaps that will earn interest overtime. Daaps doesn't have KYC so
that would be appropriate for a privacy enthusiast like you.

The only catch here is that, what if the smart contract you've put your BTC had been hacked. So only put it in trusted Defi's which
had been audited by known auditors.