Recently thought of a very practical method: managing my parents' daily care and medical expenses with Mitosis into a 'retirement fund box' that is both easily accessible and appreciates in value.
It’s not about putting all the money on the chain and messing around, but about managing it in layers according to purpose, ensuring safety while striving for returns, especially suitable for family managers who don’t want to keep an eye on the accounts every day and are worried about unexpected expenses.
My operational thinking:
1. Dual-track funding pockets
Emergency pocket: high liquidity pool to ensure instant access when urgently needed.
Value-added pocket: term-based or strategy-based products that allow idle funds to generate stable returns without affecting accessibility.
2. Automatic billing calendar
Set fixed monthly expenses (care, medication, physical exams) as regular bills, withdrawing from the emergency pocket according to a timetable to reduce the burden of bookkeeping.
3. Emergency channel & redemption buffer
Retain a certain percentage of stablecoins as emergency funds to avoid panic during on-chain congestion or redemption delays.
4. Transparent process management
Agree with care providers that payment receipts, care contracts, and expenses are archived on-chain, accessible to family members or care institutions to reduce disputes.
5. Small-scale pilot before scaling up
First, use a small amount of funds to run the process for two months, confirming fees, deposit times, and operational convenience, then gradually allocate main funds.
6. Safety and compliance
Prioritize contract audits, keep offline backup records, and consult tax or legal advisors.
As a result, my parents' retirement funds can be used as needed without sitting in a zero-interest account doing nothing. For someone like me, who wants to care for my parents while managing money wisely, this 'layered + automated' approach is particularly practical.
If anyone wants to try, you can first pay attention to official instructions and community feedback, and then take small steps to test the waters.
