How to make DeFi American when tokenized securities are possible. Make a ETF that tracks S&P500 and buys all the actual stocks. Lend stocks out for short selling and use covered calls to generate yield. JEPI/JEQI apparently do this for 7%-10% yield. Use that as collateral for your Degen looping strategies bc the cost to borrow is probably covered by the yield. 40% drops in the S&P happen every 25 years apparently. If you can give up a few % yield to hedge against black swan events you could make a long term degen strategy to lever up to go long the American economy. Set it and forget. If you loop $1m in DeFi 6x: Total Position: $3,951,424 •Total borrowed: $2,951,424 •Effective leverage: 3.95x Net carry profit: $124,029 Claude made this for me so take it with a grain of salt. (Plz consult a financial advisor and don’t listen to me)