How This DeFi Protocol Lets You Watch Netflix for Free Story
Even if you've cut the cord on cable, it's easy to see your streaming bills grow. Between Netflix, Amazon Prime, Disney+, Hulu, and any other subscriptions, the monthly bill for these services can nearly leave you longing for the good old days of cable. Let's break it down:
– Netflix recently raised its prices by $1-2 across its plans. So the monthly price for a Standard plan is $15.49. – Amazon Prime also recently lifted its price by $2 to $14.99 for the monthly plan. – Disney+ will run you $7.99 per month. – Hulu's ad-supported plan is $6.99 per month. If you want to spring for no ads, you pay $12.99 per month.
The monthly tally on the top-end of all these services is over $50. This is conservative, as consumers on average dole out hundreds of dollars per month on subscription services combined. Thanks to the emergence of the blockchain and a phenomenon known as decentralized finance (DeFi), your streaming budget could be about to shrink.
Pylon is a DeFi protocol that supports savings and payments products on the Terra blockchain. We'll get more into why that matters later. One of the Pylon protocol's key use cases is to address the pain point of subscription-based services, which it suggests have outgrown the traditional “value transfer model.”
The Pylon team wants to appeal to an audience beyond “crypto natives” and is trying to make the project useful in the real world.
DeFi is a burgeoning blockchain segment credited with turning the financial services industry on its head. This is mainly due to the rise of smart contracts, which are agreements automatically executed on the blockchain when preset conditions have been met.
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