Alexander Lorenzo put $250,000 in ETH into a DeFi lending platform, borrowed $75,000 against it, bought a Tesla Model 3, then used ETH's price gains to repay the loan while keeping his original crypto.
And so I basically, with one trade, I got a free car. There's been a period of time in my life where I purchased a Tesla Model 3 cash. It was like $75,000. But at that time, I didn't want to just buy it cash because that's $75,000 I could use to make money off of a crypto. So what I did is I bought Ethereum and I put $250,000 in a contract. The price of Ethereum went up. I took the $75,000 as a loan, right? The price of Ethereum went up and then it paid itself off and I never lost access to the Ethereum by paying the $75 grand. So it gives you all these crazy tools that you otherwise would not have access to in the traditional world.
