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It doesn't make sense to compare risk-free FDIC-insured deposits to stablecoins at BlockFi. Full disclosure: I did not find BlockFi's brief descriptions of the
by schemescape 5y ago
It doesn't make sense to compare risk-free FDIC-insured deposits to stablecoins at BlockFi.
Full disclosure: I did not find BlockFi's brief descriptions of their risk management strategies to be comforting.
- menzoic 5y agoWhat didn't you like about the risk management strategies?
- tonfa 5y agoIt's all highly leveraged on all sides, margin calls will amplify things if things start crashing (which will then risk not covering the initial investment, trigger a run, and amplify further).
- schemescape 5y agoI probably should have left that part out of my original comment, since it was just my personal opinion and not relevant to the point I was making (risk-free rate vs. non-risk-free rate).