Leverage & Interconnectedness Are Blowing Up Crypto & DeFi
— Interconnectedness, Customers, Huge, Theyre, Blowing, Defi, Voyager, Bitcoin, Leverage, Cryptos — 1 min read
Crypto lender and broker Voyager Digital, which took deposits and offered yield products with huge interest rates of up to 12%, said in a series of tweets today that it is, “actively pursuing a. series of strategic alternatives” That’s horrifying language for people who have their cryptos on. deposit at Voyager Digital and now cannot get their. cryptos or anything else out. That's what's different this time: Stuff blows up because of leverage and cascades through the crypto space because everything's interconnected. And the interconnectedness of leverage is mostly hidden and only surfaces when something blows up when something. blows-ups, only it surfaces to cascade through the blow-ups when. something blows-up when something happens. Source