2min chapter

Smart Friends cover image

#004 Jason Hitchcock: DeFi, NFTs, And The Metaverse

Smart Friends

CHAPTER

Lending Is a New Business Model

Lending is not a new thing, but is like able to do directly. Instead of getting single digit % on your deposits on a stable coin, u ismn ful when the interest rate in your savings account is like, point zero one. If you want to provide stable coins to the big stable coin market place out there, like the forx of stable coins is curve, you can deposit stable coins, effectively dollars on a curve, and you can earn 20 % a p y. And so, like, that's a new kind of, like business model,. which is, werely learning some of the terms, like liquidity providers, kind of a new thing.

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