Decentralized Basic Income: Creating Wealth with On-Chain Staking and Fixed-Rate Protocols

Hakwan Lau1 and Stephen Tse2

1. Center for Brain Science, Riken Institute, Japan

2. Harmony.ONECorrespondence: hakwan.lau@riken.jp and s@harmony.oneAbstract: In this review, we evaluate the mechanisms behind the decentralized finance protocols forgenerating stable, passive income. Currently, such savings interest rates can be as high as 20% annually,payable in traditional currency values such as US dollars. Therefore, one can benefit from the growth ofthe cryptocurrency markets, with minimal exposure to their volatility risks.We aim to explain the rationale behind these savings products in simple terms. The key to this puzzle isthat asset deposits in cryptocurrency ecosystems are of intrinsic economic value, as they […]

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