The narrative that crypto offers frictionless, ultra-cheap capital is facing a reality check. When you factor in Bitfinex's published minimums—like a steep 2% upfront fee on a hypothetical $5 million bond—traditional borrower savings quickly evaporate. While tokenized debt promises efficiency, hidden friction and strict platform rules still add heavy costs. Issuers looking for cheap funding must realize that on-chain finance isn't entirely immune to legacy-style overhead just yet. $LEO #CryptoNews #DeFi #Bitfinex