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.
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.