Crypto Contagion Spreads, DeFi Offers an Answer | Sid Powell

Crypto: Blockworks

June 29, 2022

On today’s episode of “On the Margin” Sid Powell Co Founder of Maple Finance joins the show to discuss the recent credit contagion taking place in crypto.

With liquidity drying up, lenders have been undergoing a huge deleveraging. Sid joins the show to discuss the risk off sentiment many borrowers are taking and how this effects both CeFi and DeFi lending.
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Referenced In The Show:

Voyager Digital Issues 3AC Notice of Default on Loan Around $665M: https://blockworks.co/voyager-digital-issues-3ac-notice-of-default-on-ar...

Archegos Capital Blowup: What Investors Need to Know: https://www.bloomberg.com/news/videos/2021-03-30/archegos-capital-blowup...
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Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit https://onthemargin.link/fireblocks
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Listen to this episode on Apple or Spotify.
Apple: https://tinyurl.com/mry8y4k3
Spotify: https://tinyurl.com/3vnnkrkw
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Timestamps:

00:00 Introduction
00:30 Credit In Crypto
03:20 What Really Happened to 3AC?
06:45 CeFi vs DeFi Lending
10:20 Do We Need A Lender Of Last Resort?
22:10 The Consolidation Of Banking, An Opportunity For DeFi?
25:20 A Roadmap For Crypto Lending
29:00 Fireblocks Ad
30:18 A Roadmap For Crypto Lending
36:25 On Chain Rating Agencies
40:30 Building In A Bull vs Bear Market
53:55 Sam Bankman-Fried Backstops Crypto Contagion
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.

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