DeFi

John Defterios: By lending to a smart contract, you don't have to trust the guy that's like operating that smart contract. Because the smart contract is codified to only let them do a certain number of things within like codified risk limits,. So they literally can't not do what they said they were going to do. That removes an entire dimension of risk and that makes you that makes for more capital efficient. He says he doesn't know exactly where it should sort of be relative to US treasuries or something like that in general. "It really just kind of comes down to supply and demand"

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