On The Brink with Castle Island

Zac Prince (BlockFi) on Navigating Through the Storm (EP.329)


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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

 

...more
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