
Life in Crypto After FTX
What Goes Up
Is DeFi a Good Option for Cryptocurrency?
High yield deposit accounts where you give the Winkle Voss twins your coins and you collect out on a 7% and they loan it out to someone else. I would actually argue that the yields weren't high enough to reflect the underlying risks. People thought it was a free lunch. They thought it was riskless. It turned out they were wrong. And so I think that retail focus lending is just going to go away.
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