Market makers like Leap noticed enormous worth, each in Determine Markets’ decentralization, in addition to the chances of cross-collateralization. However they flagged one other concern, the issue round liquidity for lend/borrow, and the power to entry capital from a lend/borrow standpoint, Cagney stated. “Take a look at the prime brokers in crypto, there’s actually solely someplace within the lots of of thousands and thousands of {dollars} of capital accessible to lend in an business that would simply devour billions of {dollars} of capital a day.”
