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CeFi Is Dead, Long Live DeFi | Vance Spencer & Michael Anderson

Bell Curve

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Is There a Mismatch Between Leverage and Capital Efficiency?

CFI and CFI lending, we confused leverage with capital efficiency. You want to know that your counterparty is at least going to be around for the next week,. That's a tough position to be in from an institution. But I think overall, we prefer the transparency relative to counterparty risk for really large sums.

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