Solana DeFi: marginfi borrow and lending

Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)Notes from the showThe founders of marginfi, Edgar and Mac, share how they got into crypto and why they decided to dive in full time into the DeFi ecosystem.They both explain how they adjust their building plans based on the macro conditions and their actual product usage. Tailoring their product roadmap to the types of users they are getting at the time, while still keeping a longer term vision in mind.Edgar explains the concept of "over collateralization" in the finance world, and why it is such a useful safety mechanism for DeFi lending and borrowing. Even though it is not an end-all-be-all safety solution (due to price fluctuations in token prices), it might need to be a fundamental safety feature for permissionless protocols.Mac also teases some alpha for marginfi and an upcoming points based system for protocol usage, maybe with a reward system. And why he thinks having a reward system is important for projects/protocols that do not yet have a token.Also, Mac decided he wanted to be shirtless for the episode...Disclaimer: Nothing said in this episode (or any of our episodes) is financial or legal advice. The opinions and statements expressed are the personal opinions/statements of those who said it. Both Nick and James have tokens deposited into margin fi's borrow/lend pool(s). Margin fi is not sponsoring this content.Find Edgar and Mac onlineFollow Edgar on twitter - @edgarpavlovskyFollow Mac on twitter - @macbrennanExplore marginfi: marginfi.comFollow us aroundNickfollow on twitter: @nickfrostyfollow on github: github.com/nickfrostywebsite: https://nick.afJamesfollow on twitter: @jamesrp13follow on github: github.com/jamesrp13