Lending in Crypto

Frank highlights the critical differences between traditional lending and the emerging practices in the crypto space. He emphasizes the importance of understanding the borrower's identity and creditworthiness, especially when dealing with over-collateralized loans. Rashad adds a perspective on the need for lenders to have possession of collateral to mitigate risks, pointing out the challenges of underwriting in a decentralized environment. The conversation underscores the complexities of reinventing banking within the web three ethos.