Yes, and people ending up with this trade off is not ideal. Everyone will end up on a non-self custody platform. Not sure why it worked at .1% but needed to be 5x’d for this new setup.
Discussion
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a on her recent appearance on Nat Brunell’s show points out some, I think, important distinctions between Bitcoin custodians and fiat custodians that theoretically make fractional reserve a non-starter