Alameda Research has been a diligent user of decentralized lending protocols, originating hundreds of millions in uncollateralized loans so far. Its current outstanding debt on DeFi protocols, however, is rather small compared to earlier this year, meaning fewer investor funds are in danger if Alameda defaults on the loans.
We Must Protect Crypto-AI From Financial Nihilism
Financial nihilism is a common philosophy in Web3 but, ultimately, there’s no way to build long-lasting value without finding real...