Biggest takeaway for me from this episode … Bitcoin collateralized loans are currently charging a 3% management fee (!!) above the 11% investor returns. Not to mention origination fees. That’s insane.

Gonna be a lot of downward pressure on both yield and fees once the bitcoin collateralized loan product matures. Needs to mature soon, too, so bitcoiners who are not software developers can start utilizing bitcoin to manage real world assets.

Bitcoin collateralized loans are too expensive and way too short duration. Until there is movement in this market, hodling truly is sitting back and waiting to the deploy the potential energy stored in one’s bitcoin stack.