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Ep. 390 - Shaking Up Traditional Financial Institutions with Rafael Cosman of TrustToken

CRYPTO 101

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Compound

In the traditional finance system, interest rates are high and there's a huge spread. But in decentralized finance, you don't have any bankers or expensive buildings to maintain. So compound is doing something that is similar to what banks are doing to day. And so it becomes a lot less favorable for you as a userit. The idea of a system like that only working nine to five during business hours is really crazy.

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