#dolomite Inheritance Planning New Ideas: How to Build a Transferable On-Chain Trust with Dolomite?

A wealthy individual holding a large amount of Bitcoin is concerned that, in the event of an unexpected incident, his young heirs may not be able to effectively manage this wealth, potentially falling victim to scams or squandering it quickly. Traditional trust funds are complex to establish and come with high fees. Thus, with the help of a lawyer, he designed an "on-chain trust" utilizing Dolomite and smart contracts.

He deposited most of his Bitcoin into Dolomite, not for lending purposes, but to set up a special "beneficiary" address. The smart contract is programmed to: regularly borrow a fixed amount of stablecoins (such as 5000 USDC) every month from Dolomite's lending market and automatically send it to the heir's wallet as living expenses.

The brilliance of this design lies in: first, the principal (Bitcoin) is always securely collateralized in the protocol, preventing the heir from accessing a large sum of assets at once, which avoids impulsive spending; second, even if Bitcoin's price surges, the amount of living expenses borrowed remains stable, ensuring a consistent standard of living; third, the entire process is fully automated, requiring no intervention from a trust company, resulting in extremely low costs and being tamper-proof. Dolomite's financial Lego attributes make customized, high-security inheritance planning possible. $DOLO @Dolomite