Leverage is all about preference, i guess, kind of a utility curve. If some one's goal is to make as much money as possible, then they don't care about risk of ruin. But yet, they sometimes should use large leverage, if they have high confidence,. especially if they are good at riss management in general. Aly: I do think there has been very big successes, i raising crypto from people using pretty high leverage. And you won't have the chance to play it twice or three times or ten times.
Crypto commands unusually high yields relative to the traditional financial system, allowing investors to earn 20% on fiat and stablecoins and even more on other assets. In this episode, Su and I unpack a very simple question: Where are these yields coming from?
Topics discussed:
- Unpacking the three major sources of yield in crypto
- How sustainable are they?
- What are the risks?
- How the GBTC premium or discount affects the market
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
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