Read a bit more about that project, and it didn't seem amazing:



I prefer to keep my bitcoin in my own cold storage. They don't disappear there.

I don't think this is actually possible without losing access to your coins or your keys. Sure you can earn interest on bitcoin without giving up your keys. You just have to send your bitcoins to the receiving person and hope that he returns it to you with profit. You still have your keys with you, but not your bitcoin. Didn't hear anything about Atomic Finance. How are they going to let you earn interest in bitcoin without them holding your coins or you giving away your coins?

One will give you interest on your money only if - in a way or another - he can earn something from that. Since Bitcoin doesn't allow staking, I don't see any ways one can earn from those bitcoins without having access to your funds - usually with you sending the money to the custodial platform. At that point you own ... an account. No "for your eyes only" private keys.

So no, this cannot work on Bitcoin.


And.. from what @nullama has posted, the amount of money can decrease. This means:
1. They do have full access to the funds.
2. OP needs to improve his understanding over how Bitcoin works, else he may - sooner or later - get scammed by this kind of "wonderful" offers.

in my view the interest from a bitcoin,,only by storing bitcoin and when the price rises it is the interest from our results after holding our assets until we get more profits.
And that's my understanding so far.

It is like feature from DeFi and I think we have some DeFi for Bitcoin. I know some DeFi for Bitcoin.
Sovryn: https://www.sovryn.app/
MintLayer: https://www.mintlayer.org/
You have controls of your private keys and your Bitcoin and in theory you are safe.

It seems to be some kind of app you will have to install and use which will apparently put your BTC into a financial product they call as "covered calls". I am familiar with options but have no idea about covered calls.

These have been implemented using DLC (Discrete log contracts), which apparently enable smart-contract like or similar capabilities. (And why haven't we heard about this more in the forum is another thing).

Whatever the idea is, the fact that you install an "app" that manages your BTC just means that you are trusting the application and it will of course use your keys at some point in time. This is the same idea implemented by apps like Binance where you can "store" your BTC and they will allow you to earn yield. The blog is also unclear about where the "yield" comes from.

Don't know about mintlayer but Sovry has been a sore disappointment till now. Of course a lot of early people made money when SOV pumped but that is about it. They are just another smart-contract platform and I have no idea why they want to show themselves as different from Ethereum. Its really the same thing with much worse UI/ UX. And to think that they got almost 200-300 BTC raised.

I don't even get it that how this is possible.
I mean it's possible that you might give your bitcoin to anyone so that they could earn from it by investing it and would be able to gain profit from it. In this way the coins are safe at their place if the person you are giving it to is reliable and you are in profit.
But as they are saying it as I cannot understand what would be the strategy they would be using for it.

I have never heard of Atomic Financial. There are some altcoin projects where you can stake wrapped BTC, but these options are not entirely safe since you have to give them approval to spend your money, and whoever controls the smart contract is able to drain everything from your wallet.

I’m still trying to imagine how that’s going to be possible. For you to be able to earn interest from any business or asset at all, you will have to have invested it in something – take for example, when you invest your money on a platform or company, the company does business with your money to be able to pay you the interest.

The interest doesn’t come magically, they have to do business with it and generate income and then pay you interest. Now talking about cryptocurrency when you have the keys, it means that no one has access to your coins, and if they don’t have access to your coins, how then will they be able to get you the interest you are looking for? So, if any business is claiming that you will get interest without giving up your keys, then I am sorry to say it’s all lies.