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A comment on Three Arrows Capital has defaulted on a loan worth more than $670M.

Re:Three Arrows Capital has defaulted on a loan worth more t... by christopherbalz on Monday June 27, 2022 @01:55PM (#31898157)
Not your keys, not your coins.
[ Parent | on HN ]
Re:Three Arrows Capital has defaulted on a loan worth more t... by dropnerd on Tuesday June 28, 2022 @05:52AM (#31905906)
defi/spot is in a much healthier place than cefi.

when you're hodling, there's nothing that can liquidate you.

when you're using a defi protocol, you capture all the upside for the risk you're taking.

when you're using a cefi "bank", the bank keeps some of the spread when they're up, and goes insolvent when they're down. heads they win tails you lose.

[ Parent | on HN ]