bHOME Is A Stablecoin Backed By U.S. Home Loans
The Bacon Protocol introduces a new way for crypto wallet holders to hold a coin backed by the same types of mortgages that banks, insurance companies and governments use.
Because of the efficiency of the blockchain and the removal of all the processes and many people, users of the Bacon Protocol get the majority of the return, about 2 - 3% vs 0.1% if you kept that money in a savings account.
The U.S. government holds over $3 Trillion of mortgages. Ever wonder where the interest comes from in a savings account?
Well, banks use your money and lend it out to home owners. They then share a very small percentage of the payments they get with you. Generally, this is about 0.1% from the 3% they collect from homeowners.