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Take increasing risks in search for higher yield? Check Leveraged trading to ratchet up profits? Check Margin called when the risky bet doesn't pay off? Che
by vishnugupta 4y ago
Take increasing risks in search for higher yield? Check
Leveraged trading to ratchet up profits? Check
Margin called when the risky bet doesn't pay off? Check
Counter party risk? Check
Contagion + domino effect? Check
Fire sale of decent quality assets putting down pressure on its prices thus hurting the whole ecosystem? Check
- drexlspivey 4y agoWhat's the counterparty risk?
- vishnugupta 4y agoA bunch of crypto fintechs had lent to 3AC are in a spot of bother. https://www.ft.com/content/126d8b02-f06a-4fd9-a57b-9f4ceab3de71 https://www.ft.com/content/126d8b02-f06a-4fd9-a57b-9f4ceab3d...
- arcticbull 4y agoAnd 3AC led bunch of crypto seed rounds. They then offered them 8-10% APR to hold their treasuries. Now, I believe they've been ghosted.