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

Modern Finance

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A Short Overview of the Cryptocurrency Lending Process

Risk management is more like institutional credit risk management, meaning there's a lot of underwriting work that goes into understanding the borrower up front. No one loan makes up more than maybe one or two per cent on the high end of our overall lending. It's very well diversified on both sides. And in order for any discreet customer at blockfy to lose money, blockfy would have to lose all our money first.

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