I'm Now a Millionaire... In CAMI COINS

Also, streaming payments with Sablier, and tokenized home is sold out

Hello defiers! This is what’s going on in decentralized finance,

  • A platform for social money is now in beta

  • Sablier, which wants to enable streaming payments, released its v1

  • First tokenized RealT property is sold out

Also: You can now subscribe to The Defiant with Dai.

👉Go to this link (bit.ly/the-defiant), and you’ll be able to buy an NFT token representing an annual subscription.

There’s a limited amount of The Defiant OG Membership tokens going for 70 Dai, instead of for the regular price of 100 Dai. Get them before they’re gone!

Abundance Without Money

Dear defiers, I completed a long-time ambition of mine over the weekend: I minted my own CAMI COINS.

Yes, we live in a time when anyone can have their own coins, and trade them over the internet, for other digital coins, money, or in exchange for other things one may value, for example, when readers recommend this newsletter, or pre-order my book :)

It’s not exactly true that these are the first CAMI tokens in existence. Last year I created my own CAMI ERC20 token, but never figured out what to do with them. I hope things will be different this time for CAMI, thanks to the guys at Roll, who developed a platform for social money, which makes it easy for anyone to 1) mint their own token 2) create ways to earn them 3) create ways to spend them. The app is currently being tested in beta.

I have been wanting to do this since back in 2017/2018 when I was reporting on ICOs for Bloomberg News, and thought it would be amazing to issue my own ICO for a story. In the end, legal risks prevailed over a good story.

At first glance, some may look at this platform as a token-minting machine which will flood the world with more useless sh*tcoins, like the ones we saw in the boom. But unlike with ICOs, Roll is encouraging an exchange of mutually beneficial actions, not investors mindlessly throwing ETH into the next pump and dump scheme.

It would work like this:

  • I have a finite number of CAMI tokens, with a pre-defined monetary policy. In Roll’s design initial supply of coins is 2.2 million, and about 200k coins get issued into the owners’ wallet every month for the next three years until a total of 10 million are issued.

  • I decide what actions get CAMI as a reward. The first action I created was reading The Defiant, which gets 100 CAMI.

  • I can also decide ways CAMI holders can spend their coins. I could include anything from The Defiant subscriptions, to swag, to a shoutout on Twitter.

  • Meanwhile, I’ll get rewarded by other users with their own coins, and be able to redeem other stuff in exchange.

The remarkable part is, all of this can happen within a small, self-contained economy, without the need to exchange actual money…

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First Tokenized Home on Ethereum is Now Sold Out

The first tokenized home tradeable in DeFi is now sold out and token holders should now start receiving their share of rent. The three-bedroom home in Detroit, was listed by RealT, a firm that specializes in selling tokenized real estate, las month on decentralized exchange Uniswap.

{Read more details here: Now You Can IPO Your House and Have it Trade on DeFi}

You Stream Movies, So Stream Your Payments Too

You work every day of the month, so why should you have to wait for payday to get your salary? Would’t it make sense to get paid every day? That’s what Sablier is trying to do.

The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI.

About the author: I’m Camila Russo, a financial journalist writing a book on Ethereum with Harper Collins. I was previously at Bloomberg News in New York, Madrid and Buenos Aires covering markets. I’ve extensively covered crypto and finance, and now I’m diving into DeFi, the intersection of the two.