3min chapter

Modern Finance cover image

How Safe Is My Crypto Yield? with Zac Prince (CEO, BlockFi) and Matt Ballensweig (Genesis)

Modern Finance

CHAPTER

The Gemani Model Is a Very Trusted Platform

Whet is an app that allows users to earn money in different currencies. It was launched three months ago, but has only been available for a few weeks. Whet uses the same model as gemani - you can transfer assets from one wallet to another. But it says genesis is responsible for taking custody of these assets and then lending em out on your behalf. Do i trust where this is going? Because we've all heard about, when you're doing some of the defy smart contract lending on etherium, there can be smart contracts that are hacked,. acids ar then drained. I would just love to hear from you and just fit in and learn about whet.

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