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Episode 130 – High Yield Lending with Frank Steffen from Lendary

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Content provided by James Laws & Jean Galea, James Laws, and Jean Galea. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by James Laws & Jean Galea, James Laws, and Jean Galea or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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.

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194 episodes

Artwork
iconShare
 
Manage episode 270395752 series 160505
Content provided by James Laws & Jean Galea, James Laws, and Jean Galea. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by James Laws & Jean Galea, James Laws, and Jean Galea or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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.

Links

  continue reading

194 episodes

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