Manage episode 270372988 series 124195
In this episode, Joe and Jean meet Frank Steffen, the CEO and co-founder of Lendary.net.
We discuss the Lendary platform, which consists of a system to optimize the yield on lending to traders on the Bitfinex platform. We go into the nitty-gritty of how this type of high yield lending works, including the risks involved. I liken their system to that of a crypto trading bot, but applied to lending instead. You can choose from various strategies that have different risk/reward numbers.
Results over the past year have been pretty spectacular, and this could be a very interesting way for people to get exposure to the crypto space without actually trading cryptos themselves.
I think that people who are used to P2P lending, in particular, will find this platform interesting, as the returns are even higher than those found on P2P lending, while the risks are arguably less, since loans are typically over-collateralized.