> You're comparing a risk-free rate (government bonds)
> with a rate on risky investments.
I don't think so. What is the "risky investment" here?
I compared lending of different currencies. In the case of Euros or Dollars, the lender is a government. In the case of crypto, the lender is a smart contract. Both are assumed to be reliable.
I don't think so. What is the "risky investment" here?
I compared lending of different currencies. In the case of Euros or Dollars, the lender is a government. In the case of crypto, the lender is a smart contract. Both are assumed to be reliable.