The summer of 2022 saw unheard-of turmoil in the crypto CeFi sector, which led to the collapse of some of the biggest platforms, including Celsius and Voyager, which had billions of dollars in assets under management.

However, this kind of pervasive difficulty might present opportunities for businesses that have managed to weather the storm. A company that made it through the summer undamaged is GROW, a CeFi platform for lending and borrowing, which has been rapidly expanding its user base. Additionally, GROW has consistently offered users some of the highest Bitcoin reward rates in CeFi.

“Because risk management comes first in our asset management philosophy, we are extremely picky even with the amount of our assets that we lend to institutions. The bulk of the strategies should be arbitrage or market neutral, like ours, and we also wanted to see highly skilled management teams and strict risk management procedures “Sean Kim, the founder and CEO of GROW, added. Due to its propensity for risk aversion, this company was able to avoid some of the crypto-related explosions brought on by directional bets or other riskier DeFi techniques.

Source: Prnewswire