SBF on Twitter: "@VitalikButerin @StaniKulechov @jp_koning A big part of this is that USD capital is trading at around 10% in crypto right now: BTC futures are trading at an annualized 10% premium, and firms are charging ~10%/year on capital lending." / Twitter

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Probably not 2. It seems to me that a holder of DAI who is contemplating lending it has already implicitly accepted the risk of DAI collapsing. So the interest rate they require for temporarily giving up their DAI must be compensating them for something else, maybe credit risk.

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and

A big part of this is that USD capital is trading at around 10% in crypto right now: BTC futures are trading at an annualized 10% premium, and firms are charging ~10%/year on capital lending.

7:33 AM · Aug 24, 2019Twitter Web App

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