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Empire

How to Fix Crypto Lending | Bill Barhydt, Abra

May 9, 2024
Bill Barhydt, CEO of Abra, discusses the benefits of SMAs in crypto, regulatory challenges, and the future of banking. They explore the shift to DeFi, impact of the election on the industry, and Abra's vision of empowering individuals to be their own bank.
38:40

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Podcast summary created with Snipd AI

Quick takeaways

  • ABRA's SMA model shields client assets from risk, enhancing security in DeFi activities.
  • ABRA's emphasis on customer trust through meticulous risk management sets it apart in the crypto lending space.

Deep dives

ABRA's SEC Approval and Unique Business Model

ABRA was approved by the SEC to operate as an RIA, allowing clients to engage in DeFi activities while being the only SEC-approved platform for staking, lending, and yield farming across all states. The key to ABRA's success lies in its SMA model where client assets are never part of ABRA's balance sheet, fostering a secure environment for investments.

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