Can somebody ELI5 the whole Silvergate situation to me? ππ
Discussion
Silvergate is a bank , now it doesnβt have silver nor a gate π
All these traditional banks offering bitcoin now to their clients. I feel sorry for their clients because in the future they're gonna get rugged pulled..
You give me your bitcoin, I give you a defi token and everyone is happy. Until they're not.
βbut muh APY rateβ¦β