Navigating the macro environment and crypto financial crisis, with the ConsenSys Cryptoeconomics team
The Fintech Blueprint
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What Is a Liquidation Cascade?
There's been an actual financial crisis in crypto, says David Weinberger. It kicked off a liquidation cascade very similar to what happened with the mortgage back security crisis blowing up at the level of default on the actual mortgages,. Then going into derivatives, then going into the issuers, and then going kind of through the economy. And lots of stuff got caught in there, certainly three a c and then blockfy and voyager and celsius, and lots of others whose names we we don't yet all know.
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