CeFi Is Dead, Long Live DeFi | Vance Spencer & Michael Anderson
Bell Curve
00:00
How to Fuse Leverage With Capital Efficiency
Ethan: What we're talking about here is just two different models of providing financial services, right? And in this one model, you have kind of the legacy model, which is this opaque bank. But then also like further off, there's actually like legitimate products and services that like like hedging or doing longer term borrowing and lending. I think those things walk hand in hand because usually those those services require a mark like a deep market of speculators. Ethan: How does leverage creation happen in a DeFi type scenario? Yeah, it's pretty simple. You send funds to a contract and it's like a it’s like a buy asset type of contract. Once you
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