In this episode, I chat with Dhruv Bansal, Co-Founder and CSO of Unchained Capital. Unchained Capital is a crypto secured loan provider. During the episode Dhruv said to me “You can’t control volatility but you can trade it back and forth with their borrowers” which is one of the reasons why the whole system works. Here’s an example of it working, during the interview Dhruv shared an amazing (yet scary period of time during Unchained Capital’s life). Bitcoin had a 70% draw-down from December 2017 until March 2018 and Unchained Capital had to margin call 90% of their loans, Dhruv thought it was all over but not a single borrower defaulted. I had to ask twice to make sure I heard him right, not even one loan defaulted and most were re capitalized within 8 hours on average. He went on to explain why and it was amazing. It’s a great story and a very practical business model around crypto. Listen in if you can, it’s worth it.
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About John Siracusa
John is the host of the bi-weekly “Bank On It” podcast recorded onsite at Carpenter Group. He is a fintech, venture capital and financial services enthusiast and connector at the center of an ever-innovating fintech ecosystem.