Decentralized Leverage, Baby
Mar 4, 2022
• 6
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Debt. Arguably one of the most controversial financial terms in modern history. Embroiled in the conversations of 45 million student debt holders, 55% of Americans who carry a month-to-month credit card balance, and the mortgage holders that account for 70% of all American debt. Use too much and risk defaulting, use too little and miss out on opportunities due to temporary illiquidity. Even nation-states use debt to boost productivity - global debt rose 28% to $226 trillion in 2020, constituting 256% of global GDP.
Historically, borrowing from conventional banking institutions has come wit...