What crisis? High-stakes crypto lending looks here to stay.

An Analyst at British Crypto lender blockchain Instantly requested Edward Zhao of Three Arrows Capital asking Singapore Hedge fund to pay a part of their 270 million dollar loan.

[{"selector":"#anim-65314953-7026-4a9b-ada6-6e91d6e32f58","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b70cc28-3f1f-4193-bb4f-c2ecc7d6750e","keyframes":{"transform":["translate3d(132.87037%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1beede34-241f-4765-8415-0a256215638e","keyframes":{"opacity":[0,1]},"delay":250,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Three Arrows had recently taken a backlash from the crypto breakdown Terra, raising doubts about the company's ability to repay.

[{"selector":"#anim-f280e583-bb88-4fbf-8e02-5e7705467ffb","keyframes":{"opacity":[0,1]},"delay":150,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more

As it didnt take any colateral to secure the finalised loan.

[{"selector":"#anim-b17356c8-ecd6-460e-8fca-4868f7874b9b","keyframes":{"transform":["translate3d(-108.42697%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-4a9d354a-52d9-43c5-b2a4-1edef89f031a","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] [{"selector":"#anim-1e213cbb-20ee-4d79-b31c-973d8cf17740","keyframes":{"transform":["translate3d(111.73468%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-2a8de9c2-2f86-466d-8e1d-fe949fba9f16","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

Three Arrows filed for Bankruptcy whereas blockchain.com state that it still had a cent to cover up.

[{"selector":"#anim-e089fdd1-0bf1-4652-86cc-1d8f5ecd67fb","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd9f38b1-89a4-4307-9dce-01bb8eef4a72","keyframes":{"transform":["translate3d(0px, 117.02599%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-316a6ccc-2d71-48ac-bc7b-542d32b29112","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e436d768-23a8-425e-af5e-3efcd4f5a97a","keyframes":{"opacity":[0,1]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d9359e9-a2f8-435f-873d-5d082634e3a0","keyframes":{"transform":["translate3d(-112.58065%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The loan was a segment of the opaque web of unsecured transactions between the crypto companies that exposed the industry at the time of crypto crash. Learn more

Institutional crypto lending includes crypto lending along with cash return for a yield.

[{"selector":"#anim-931a1652-8dda-46c5-8cf8-334832221ac2","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56af9b1e-5f56-47b3-9896-e0c3210b8d7b","keyframes":{"transform":["translate3d(0px, 140.01554%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Unsecured lending has become very common in the crypto industry according to the interviews and review of filings.

[{"selector":"#anim-6a653203-fcde-4f78-bd15-14b77d960112","keyframes":{"opacity":[0,1]},"delay":100,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Despite the recent breakdown, many companies claimed that the practice could continue and the industries could grow more.

[{"selector":"#anim-940eb50b-84bd-40a9-893a-6e96c4193a76","keyframes":{"opacity":[0,1]},"delay":0,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be84f8f5-3edf-4eb5-9006-374eab003fcd","keyframes":{"transform":["translate3d(-106.06061%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-46325b8a-9589-4657-9be2-ca012ce43d89","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] While blockchain.com pulled themselves back from unsecured crypto lending, many lenders are still confident about following the practice.

Even if crypto loans are secured, sometimes the colateral is so volatile that the tokens can quickly lose value.

[{"selector":"#anim-66845137-f481-4e1d-a576-07548392a09b","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-090d2803-a3b1-4923-8e55-02f4237b27ac","keyframes":{"transform":["translate3d(-112.95546%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]