"You can use interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stable coin, known as Magic Internet Money (MIM), and the lending platform to do all this is called Abracadabra money"
This is #DeFi (Decentralised Finance) talk and could very well be common lingo.
We could see a future where ERP solutions like SAP & Oracle, have in-built wallets in their Cash Management modules that connect directly to DeFi Automated market makers (AMMs) platforms where they could earn an attractive APY (Annual Percentage Yield) as part of their Cash Management & Capital Investment strategies.
There are various communities developing tools to bring DeFi to the mainstream, e.g., the current APY (Annual Percentage Yield) for staking the $TIME token in the Wonderland protocol is around 81,000% to get more people to participate, but make sure you DYOR (do your own research). In this evolving space of ludicrous APY offerings, the new adage is "the greater the reward, the greater the risk".
For more DeFi Enterprise scenarios, visit the free dedicated bc_defi channel on:
#blockchain #sap #erp #finance #decentralisedfinance #futurearchitecture #web3
