60% of attendees at our Bitcoin yield webinar said their biggest concern is losing their bitcoin.
Sean Bill (BSTR) and Gordon Grant (Bitwise) raised some questions to ask before deploying bitcoin to a yield product:
1. Who is borrowing it, and what are they doing with it?
2. Why is the rate what it is? A higher rate usually means more risk.
3. Is your bitcoin held separately, or can the platform reuse it?
4. Is the yield paid in bitcoin or in dollars?
5. When a product says "fully vetted counterparties," what was vetted?
Full webinar recording below.