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 situation, the issue round liquidity for lend/borrow, and the flexibility to entry capital from a lend/borrow standpoint, Cagney mentioned. “Take a look at the prime brokers in crypto, there’s actually solely someplace within the a whole bunch of tens of millions of {dollars} of capital obtainable to lend in an business that might simply eat billions of {dollars} of capital a day.”
