Su Zhu: There is usually no “re-collateralization” in the crypto lending market, and it is difficult for waterfall defaults to occur

Su Zhu, the chief executive of the cryptocurrency hedge fund Three Arrows Capital, said at the special event of the “World Mining Association” of “Crypto Tonight” that there are many misunderstandings in the crypto lending market. One of the misunderstandings is that there are a large number of borrowers or lenders. “Re-mortgage”, any error in one link may lead to waterfall default, but in fact, there is usually no intermediary at all, only the Bitcoin whale directly lends money to end users (trading institutions), or at most one intermediary, “the lending market The goal should not be to lend to many companies, but to cooperate with some trusted high-quality, high-transparency borrowers, like other asset classes. “” Crypto Tonight “in this issue is a special event of the” World Mine Club “. This is a talk show jointly launched by Winkrypto, Lianwen and Yama. In this event, 9 guests were invited to discuss the topics of crypto finance and mining industry.