On The Brink with Castle Island

Zac Prince (BlockFi) on Navigating Through the Storm (EP.329)

Jun 24, 2022

37:57

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Highlights

AI Chapters

Episode notes

Market Makers, Liquidity Is the Fuel to Your Business

01:53

The Importance of Trust and Transparency in Cryptocurrency

01:44

Cryptocurrency Lending Market

02:58

Introduction

3min

Cryptocurrency - What's Your Take on the Various Blow Ups?

2min

Three Arrows Capital - Blacky's Relationship With Driero's Capital

3min

Blockfi

2min

What Makes Blockfid Different From a Celsius?

4min

The Terms of Service for Our Interest Account Product

2min

Cryptocurrencies - How Does Blackvi Generate That Yield?

4min

The Lending Industry - What's Your View on the Regulation Landscape?

3min

Is Regulation the Silver Bullet?

4min

10.

Cryptocurrency Lending Market

3min

11.

Market Makers, Liquidity Is the Fuel to Your Business

2min

12.

Do You Think We'll See More Consolidation in the Industry?

3min

13.

The Importance of Trust and Transparency in Cryptocurrency

2min

14.

Blockfis - I'm Still Incredibly Bullish

2min

Matt Walsh sits down with BlockFi CEO Zac Prince to cover turmoil in the crypto lending markets and how BlockFi is handling the crisis. In this episode:

Is the contagion among lenders over?
Was Three Arrows excessive risk taking or fraudulent?
BlockFi's relationship with Three Arrows
Does BlockFi still have 3AC exposure?
BlockFi's plan to maintain all of their products and keep them operational
What differentiates BlockFi's risk management from Celsius
- Asset liability matching
- Duration management
The duration of BlockFi's loans
The structure of the interest account product and why withdrawal periods are up to 7 days
Did regulation work to stem any of the risk in the crypto markets?
Shift from a borrower's market to a lender's market
The effect of capital destruction on interest rates in crypto
Why crypto interest rates are going up
BlockFi's deal with FTX
How the crypto lending market will change
Zac's message to BlockFi clients and to the industry

Content mentioned in this episode

BlockFi's risk management disclosures
BlockFi fee schedule
FT: Crypto hedge fund Three Arrows fails to meet lender margin calls

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