Alex Mashinsky, Celsius CEO, interview: Is Crypto Lending & Borrowing a good idea? Find out!

#UnbankYourself #CelsiusNetwork #CELSIUS #HODL #AlexMashinsky
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Does it make sense to lend my crypto? Find out during this deep dive into all the risks and rewards of this space with the CEO of Celsius Network - Alex Mashinsky.

0:00 Intro

1:00 CEFI vs DEFI Celsius is a CeFi solution but you seem to be a huge believer in DeFi - where do you draw the line in the DeFi and CeFi world or is there a blurred grey world in between?

3:30 Where do you see the future of crypto lending going and the unbanking of the world.

4;00 NEWS BLOCKFI Devils Advocate Q Where would u draw the line - RIsk 10 BTC now yields 0.93% on Blockfi - would you risk it? Poll 87% no

7:00 The Costco of Crypto Lending

8:30 I know you are the most competitive vis a vis other CeFi lenders, but when it comes to true Decentralized Lending - names such as Aave are they a threat to the CeFi world? Or can all survive and thrive?

10:30 Elephant in the Room - Let's talk about re-hypothecation
I'd like to know more details about the breakup between Celsius and Prime Trust. Was it a surprise?
IN the original press release in early 2020, Prime Trust was showcased as enhancing security beyond what Fireblocks offered. With them leaving does this reduce security? Fireblocks covers assets in transit - what about nontransit? It that covered by your partners?

11:00 Digging into Stable Coin risk eg what do u think would happen to industry and Celsius if Tether were to blow up?

14:00 What safe Risk Advice do u have in a nutshell for crypto lenders and borrowers?

NSCC002 & NSSC 801 Archegos fall out Passed - all hedge funds monitored every minute.

I come from an industry in an age when Rogue Traders wreaked havoc, how do you protect against bad apples in your org?

Re your CEL token, It promotes interest being paid out in CEL. Does having CEL bring additional risks?

Are there any foreseeable sacrifices to risk management that would come with scaling Celsius to 2X, 5X, 10X etc. put another way -As you scale will that impact Risk Mgt protocols?


Risk Reward Going back to the math - an asset that grows 200% per year is it worth it to deposit 10BTC worth 340K to generate 12K a year? eff 3.7% return? or do u believe people should lend part and store part and if so what ratios

REGULATORY RISK What happens to my Celsius loans if Celsius gets banned in a country eg in the UK?
REGULATORY RISK Any insights or thoughts on re-regulation in this space especially the centralized space? Is Celsius going to help shape some of the future regulations by working with regulators etc. in the US and other jurisdictions?

INSURANCE I know you are the UNBANK but Interested in your opinion of FDIC insurance?
INSURANCE Any updates about insurance? Talk of Celsius wallet insurance for a while now- I think this could be perfect for those who are afraid of third counterparty risk.

DEEP Q Do you have an exit strategy? Eg 100M users or 10T assets? Or IPO and what would happen to CEL Token holders?
DEEP Q A general question that I like to ask any business: Is there anyone who shouldn’t use your product or service? If so, why?
DEEP Q Why are international rates for staking BTC half of the USA rates?

ADVICE We have members who are turned and shunned from traditional banks - any advice for them?

ROADMAP Roadmap eg adding new tokens HBAR ADA I saw but what about Billpay via stablecoins? A one-stop platform for trading, earning, payments, etc?
ROADMAP Many are asking for a Special Debit/Credit card to live off?

What do you perceive as your biggest risk?

UX/SERVICE Fiat ramp on /off is so bad how are they planning on improving to onboard masses (eg swissborg nexo FTX Coinbase do a great job)
UX/SERVICE If BTC wicks down 75% during a black swan event causing your LTV to spike executing a margin call, what timeframe do you allow to cover?
UX/SERVICE Does Celsius offer any 'live person' contact for questions, problems, margin call issues, etc. or is all communication done via email?
UX/SERVICE Celsius working on “proof of community”, any updates?

57:00 The Robinhood of the unbanking world - Alex :D