I honestly believe in LP. I think it’s a great way to provide liquidity on illiquid assets. I came from finance background and worked in second market (yes Barry’s second market). Now in tech.
I’m having trouble understanding why not move more illiquid assets to LP. When I was in second market, these spreads were huge (but it was also during 2008 crisis).
I wonder why Barry doesn’t start a second market using DeFi. What am I missing that could be a drawback to using LP within tradFi?
(I also know banks are involved in defi, on permissioned side of things)
Edit: title should be TradFi, traditional finance.