Cyrus Fazel: "SwissBorg has nothing to do with the likes of Celsius".
Published on Sep 15, 2022
The boss of the SwissBorg investment application talks frankly about the market downturn, the competition and his future products.
The Big Whale: How's SwissBorg?
Cyrus Fazel: Everything's fine, but it's true that the crypto sector is going through a complicated period! In just a few months, players who were offering incredible returns thanks to decentralised finance protocols like Aave or Compound have collapsed. Some "magicians" like the Three Arrows Capital fund were offering rates of 20% thanks to very risky strategies, but at what price... They are now bankrupt. We have always chosen to be more cautious, which some clients have criticised us for, but the situation is now proving us right.
How did you get through the spring crash?