Episode Details

Matt Walsh sits down with BlockFi CEO Zac Prince to cover turmoil in the crypto lending markets and how BlockFi is handling the crisis. In this episode:  

• Is the contagion among lenders over? 
• Was Three Arrows excessive risk taking or fraudulent? 
• BlockFi's relationship with Three Arrows
• Does BlockFi still have 3AC exposure?  
• BlockFi's plan to maintain all of their products and keep them operational
• What differentiates BlockFi's risk management from Celsius 
  • Asset liability matching
  • Duration management 
• The duration of BlockFi's loans 
• The structure of the interest account product and why withdrawal periods are up to 7 days 
• Did regulation work to stem any of the risk in the crypto markets? 
• Shift from a borrower's market to a lender's market 
• The effect of capital destruction on interest rates in crypto 
• Why crypto interest rates are going up
• BlockFi's deal with FTX 
• How the crypto lending market will change 
• Zac's message to BlockFi clients and to the industry

Content mentioned in this episode

• BlockFi's risk management disclosures
• BlockFi fee schedule
• FT: Crypto hedge fund Three Arrows fails to meet lender margin calls