People right now are paying, call it seven to ten % annualized, on the dollar component of the loan. If you're looking to borrow b t c or eath to basely go short, where you need it for other trading kind of workind capital purposes, the rates are closear like three%. So at a lot cheaper o just one, because there's more supply in the market, and two, because people want to be on the long side, not the short side, in in a bullish market like this.
Coinbase CEO Brain Armstrong took to Twitter to call out the SEC for what Coinbase considers unclear guidance & hostility around their Lend product, Jason breaks down the situation (1:43). Then, to better understand how DeFi lending works Jason interviews Matt Ballensweig the Head of Institutional Lending at Genesis, a crypto prime brokerage (9:51). We close with three "Ask Jason" questions (50:23).