Market makers and hedgefans that like study, you know, differences between markets and want to capture just spreads. They need cash really as working capital to just fuel their trading. So they're not taking a directional view and investing, they're really just arbitraging spreads. I think this is a natural evolution of a market that's still in its nacent stages,. That has a long way to go from amaturation perspective.
Coinbase CEO Brain Armstrong took to Twitter to call out the SEC for what Coinbase considers unclear guidance & hostility around their Lend product, Jason breaks down the situation (1:43). Then, to better understand how DeFi lending works Jason interviews Matt Ballensweig the Head of Institutional Lending at Genesis, a crypto prime brokerage (9:51). We close with three "Ask Jason" questions (50:23).