How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?

CryptoSlate spoke to Simon Jones, CEO of Voltz, an interest rate swap DeFi protocol that aims to create “capital-efficient” within DeFi. Jones has a deep understanding of assessing market risk and speaks to the mistakes made by both Three Arrows Capital and Celsius over the past few months. A potentially negligent approach to risk was highlighted by Nansen in a recent report that tied the issues of Celsius and Three Arrows Capital to bonded Ethereum on Terra Luna.

In the below interview, Jones gives his opinion on why DeFi needs interest rate swaps to inject stability into a volatile market, how Celsius and 3AC misjudged risk, and what can be learned from the market capitulation that followed.

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