Look into a crypto lending/ yield pool. You'll understand what he's saying because it's nothing like "Traditional Finance". Traditional Securities-based lending

Look into a crypto lending/ yield pool. You'll understand what he's saying because it's nothing like "Traditional Finance". Traditional Securities-based lending does not have a "base oracle" like crypto does, and the lenders get to determine the spread. The margin limits, the rates, the transparency, all much better in a crypto yield pool. But you obviously run the base risk of a defi exchange getting hacked, which you are not covered for like you are in traditional finance. (There is some interesting crypto insurance products tho)