A lot of loans have been made in crypto, but lenders have not reaped a lot of profit.
That’s the big takeaway from a new report by Graychain, a startup looking to bring credit assessment to the crypto space.
The startup released its first report on the collateralized crypto lending industry Thursday, estimating that $4.7 billion has been lent out over the history of the sector, but only $86 million has been earned back in interest. That’s a 1.8 percent return, despite the fact that loans typically cost borrowers 6 to 10 percent on an annual basis.
By Brady Dale – August 15th 2019