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/biz/ - Business & Finance

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13935344 No.13935344 [Reply] [Original]

Is there a way to let's say deposit $100 worth of ETH to a contract and then withdraw the $100 worth of ETH at some later point in time? Like let's say you don't care about gainz, you just want to decentrally store money (either in $ or some other currency). I know there has to be some way with others using your ETH to speculate or something. Like if ETH goes up, then you get less ETH, but still $100 while someone else who went long, gets the remaining of your ETH. I'm kinda pic related so I can't figure this shit out.

>> No.13935397

>>13935344
just like fucking buy DAI or something. It does what you want.

>> No.13935438

>>13935397
It's not convenient enough. I have some BTC or ETH and suddenly for some reason I want to store a part of my BTC/ETH without having to rely on an exchange or exchanging to some fucking DAI with $80m volume.

>> No.13935525

>>13935438
I think one of the stable coins like TUSD or something like that is actually a smart contract. So I suppose you could send ETH and then receive TUSD tokens for the current price of ETH.

>> No.13935590

>>13935344
ever heard of cold storage champ?

>> No.13935725

>>13935590
He is not talking about just storing eth. He actually wants to store USD. Kinda like in the "I locked my btc at 5800 meme"

>> No.13935975

yes you go to coinbase and sell for USD
coinbase is insured up to 250k by the FDIC, which is much better than some shitty ass smart contract made by a random nigger