Figure Markets on The Pomp Podcast

All right, folks, I'm going to take a little break from this episode right here to tell you something about figure markets. Now, I think figure is super interesting. I've been an investor in this business for a very long time from the private market to now they've gone public, built a very cool business. And I think what's most interesting here is they have two sides to a marketplace. If you've got Bitcoin and you want liquidity, but you don't want to sell the Bitcoin, you want to keep the upside and just take a loan out against it. FigureNow offers these crypto backed loans. They charge about 8.91% interest. That's 9.9% APR. And you can borrow up to 50% of the Bitcoin that you give over to them. And so when you do that, you're unlocking capital, but you're not triggering taxes or giving up the Bitcoin exposure. Now, on the other side of this marketplace is somebody who's got cash and they want to get yield. And on that case, you can actually go and you can use what's called the Democratize Prime product. And it's allowing you to earn up to 9% APY. What's cool about it is they pay you hourly, it's backed by real world assets, and there's no yield gains or this like token inflation that is susceptible in the crypto industry. So if you have Bitcoin and you want to borrow against it, go check out Figure. If you've got cash and you want to earn yield up to 9% APY, you should also go check out Figure. They've been a great partner to me. I'm a very happy investor in the business. Go check them out at figuremarkets.co slash pomp or click on the link in the description. Again, that's figuremarkets.co slash pomp.