It's been a rough few weeks for crypto lenders. DeFi shows few signs of life, leading to a steady bleed in TVL and slumping revenue figures for all the major DeFi lenders. But hey, at least we're solvent, so I guess we can't complain. The real story this week is the steadily unfolding behind-the-scenes peek we're all getting into the businesses of CeFi lenders like BlockFi. A few weeks ago, with rumors swirling about potential insolvency, BlockFi announced that FTX had come in to save the day with a $250M credit facility that would help ensure BlockFi could pay its depositors. In the last few days we've gotten more details about that offer, and thanks to some leaked financials, a candid view of the company's business model and financial position.
Weekly Interest Rate Review: June 21 - June 28
Weekly Interest Rate Review: June 21 - June…
Weekly Interest Rate Review: June 21 - June 28
It's been a rough few weeks for crypto lenders. DeFi shows few signs of life, leading to a steady bleed in TVL and slumping revenue figures for all the major DeFi lenders. But hey, at least we're solvent, so I guess we can't complain. The real story this week is the steadily unfolding behind-the-scenes peek we're all getting into the businesses of CeFi lenders like BlockFi. A few weeks ago, with rumors swirling about potential insolvency, BlockFi announced that FTX had come in to save the day with a $250M credit facility that would help ensure BlockFi could pay its depositors. In the last few days we've gotten more details about that offer, and thanks to some leaked financials, a candid view of the company's business model and financial position.