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Crypto Contagion Spreads, DeFi Offers an Answer | Sid Powell

On today’s episode of “On the Margin” Sid Powell Co Founder of Maple Finance joins the show to discuss the recent credit contagion taking place in crypto. 


With liquidity drying up in crypto & markets at large, deleveraging & liquidations have been taking place across the board. Sid joins the show to discuss the recent risk-off sentiment in markets and explains the differences between CeFi and DeFi lending. But to hear that, you'll have to tune in!

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Referenced In The Show: 


Voyager Digital Issues 3AC Notice of Default on Loan Around $665M: https://blockworks.co/voyager-digital...


Archegos Capital Blowup: What Investors Need to Know: https://www.bloomberg.com/news/videos...

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Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit https://onthemargin.link/fireblocks

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Listen to this episode on Apple or Spotify.

Apple: https://tinyurl.com/mry8y4k3

Spotify: https://tinyurl.com/3vnnkrkw

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(00:00) Introduction

(00:30) Credit In Crypto 

(03:20) What Really Happened to 3AC?

(06:45) CeFi vs DeFi Lending 

(10:20) Do We Need A Lender Of Last Resort? 

(22:10) The Consolidation Of Banking, An Opportunity For DeFi? 

(25:20) A Roadmap For Crypto Lending 

(29:00) Fireblocks Ad

(30:18) A Roadmap For Crypto Lending 

(36:25) On Chain Rating Agencies 

(40:30) Building In A Bull vs Bear Market 

(53:55) Sam Bankman-Fried Backstops Crypto

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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

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