Empire Genesis on the Brink of Collapse | foobar
Genesis, crypto's largest lender, just froze withdrawals and new loan orginations. Would a Genesis collapse have wider impacts than FTX's demise?
Genesis sits at the direct center of crypto capital markets. They custody funds. They help institutions earn yield. They are the yield product for CeFi platforms. Genesis touches almost everything...
We bring on foobar to discuss!
Note: A spokesperson at Anchorage (mentioned in the ep), shared this great update: "Anchorage Digital does not lend or repurpose client assets without a client's permission and we have no commercial relationship with Genesis."
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Resources
Jason's thread on Genesis
https://twitter.com/JasonYanowitz/status/1592917789898989568
Circle's tweets on Genesis
https://twitter.com/circle/status/1592940639645495298
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.