You can also listen to the Brazil Crypto Report podcast on Spotify!
Crypto yield products are in the middle of a maelstrom amid the ongoing woes of Celsius, Voyager, BlockFi and other “CeFi” platforms that promised attractive returns to draw in customer deposits, but have now found themselves (and customer funds) in dire straits.
As CeFi bankruptcy and insolvency rumors continue to rifle across the industry, the case to avoid any type of centralized yield product seems as strong as ever.
But perhaps the problem here isn’t the yields themselves, but rather the opaque methods by which the yields are being generated and lack of transparency within the centralized entities offering them.
I sat down with Kirill Gertman, CEO of DeFi API provider Conduit Financial, to discuss how crypto brokers in Latam can offer these products to their customers without exposing themselves to excessive risk.
We also dive into what exchanges, brokers and fintechs looking to offer these products need to factor in when looking for a DeFi on-ramp.
I approached this conversation with a degree of skepticism given current market conditions, but walked away feeling more confident that with proper risk management these products can offer real value to consumers in the Latam market, especially during uncertain economic times.
I hope you enjoy this conversation as much as I did
🙏 Thanks to our partners at HBAR Foundation for supporting 🇧🇷 Brazil Crypto Report! If you're a Latam entrepreneur or developer with an up-and-coming project or idea and need some support, take a look at the HBAR grant program. They're seeding projects focused on DeFi, fintech, NFTs, sustainability and so much more. They also offer a plethora of other resources to help builders bootstrap. Do yourself a favor and check them out! 👊