bullish
Crypto Lending Series #3: Light at the End of the Tunnel?
814 Views19 Jan 2023 14:30
SUMMARY
- The crypto lending market has been decimated with casualties from both lenders and borrowers after the FTX fallout and credit crisis.
- Most centralized lenders have been annihilated while DeFi platforms withstood the shock. The demand for lending has cratered and this will test the viability of existing platforms given lower volumes.
- However, we will likely see new platforms emerge that have the necessary lending, trading and risk management expertise from traditional finance that could propel further institutional participation in crypto.
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Discussions
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Rose Choy
Credit/Macro/Crypto Analyst, Former Credit/MA PM
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