The Steakhouse App, Stablecoins: plumbing of the financial cycle, Negative Borrow rates on Katana
So are these negative borrowing rates paid by lenders?
No they're a form of CAC, an incentive paid by the venue. Mechanically the borrowers still pay the interest rate set by the model and receive a subsidy to the borrow cost after the fact
So are these negative borrowing rates paid by lenders?
No they're a form of CAC, an incentive paid by the venue. Mechanically the borrowers still pay the interest rate set by the model and receive a subsidy to the borrow cost after the fact