good video! new subscriber!

Great to see you coming out with new content. Hopefully we will see some more new videos including your suggested tutorial. Thanks again for your thoughtful perspective. What do you think of Gyroscope and GYD?

@TheBlockchainGuy

Ай бұрын

Really appreciate the content, I've been pretty busy inside of Optimism Gov for the last few months but hoping to get back on the content train. Gyroscope is a really interesting protocol, something I've reviewed but would love to do a deeper dive on. I might look into it.

literally everything in crypto crashes in the bear markets.' just enjoy the ride, and time out before crash.

thank you. you may have saved me from bankruptcy 😊

thx for the analysis. good stuff! i realized now that you predicted the luna crash MONTHS before another guy on youtube who - i thought- did it very early. but no, you did way earlier. would love to see more of your stuff. im also interested in the trade (last point of your video). thx mate

@TheBlockchainGuy

Ай бұрын

Awesome! I'll try to make a tutorial soon, i have this trade on myself right now actually. And yeah I wasn't the first one calling Luna unstable but I was definitely pretty early. Appreciate the comment!

Fantastic video!

Is the project of "VOID" (on Base Chain) sustainable or even good, it aims to acts as an index fund for Base it has created liquidity pools with like 10 projects and says it will just continue to expand, it withdraws 1% from its main liquidity pools on a timer and uses that money to create liquidity pools and pairs with other promising tokens and burns VOID but like is this even sustainable?

Very indepth analyais and provided another angle to this very well done

@TheBlockchainGuy

Ай бұрын

thanks for the comment, I appreciate it!

Thanks for the analysis. pleace where is SDAI renting 15%? Also i will like to se how to put the trade yourself.

@TheBlockchainGuy

7 күн бұрын

Trade video coming soon!

Good info. thanks man!

@TheBlockchainGuy

21 күн бұрын

Glad it was helpful!

What is the link to tutorial to do the trade ourself?

@TheBlockchainGuy

21 күн бұрын

will publish soon! subscribe if you want to be notified, will probably film today and edit tomorrow

What fundamental reasons ensure that funding rates will consistently remain long, and how does Athena plan to navigate potential negative funding rate scenarios effectively? Could you do more videos on RWA altcoins?

@TheBlockchainGuy

21 күн бұрын

Do you have any suggested RWA projects I should look in to?

Serious question if I buy $10k ENA and do a $10k short on usde, is it basically a risk free investment on ENA?

@TheBlockchainGuy

21 күн бұрын

Not really, because one likely scenario is that the TVL goes near-zero during negative or low funding rates. In that case USDe could hold its peg but ENA will likely go down (just my opinion, not financial advice)

great analysis as always It's a shame that with coins like this the market can stay dumb longer than a short can stay liquid. If Ethena expected APY swings really low on pendle I may short USDe (or sUSDe) tho.

@themistoclesofathens4178

Ай бұрын

from the looks of it no CEX or protocol was stupid enough to allow borrowing USDe tho xD

@mandateonmandalay7632

28 күн бұрын

How will you exactly short a stablecoin or LSD?

Thanks

@TheBlockchainGuy

Ай бұрын

Thanks for watching!

@drewniany1978

Ай бұрын

@@TheBlockchainGuy always great content

They have built in misalignment between the protocol and its users into the design

@TheBlockchainGuy

Ай бұрын

100%

Why are you assuming ethena can’t close the trading positions once funding rates go negative? They can exit the perpetual futures market at any time. So if they do that, bottom APY would be 0% rather than negative

@TheBlockchainGuy

7 күн бұрын

It's pretty hard to unwind billions of dollars in positions, but even if they CAN unwind them the TVL of the protocol would logically go to zero.

@zgintasz2

7 күн бұрын

@@TheBlockchainGuy but TVL is no problem, it doesn't mean money is lost. It's better if TVL is zero than if yield is negative. Why do you think there could be trouble with unwinding such positions?

Dont like the tokenomics.. its awful

@TheBlockchainGuy

Ай бұрын

there is nothing for them to do but print the token to infinity

when i heard first time of ethena first thing was ltcm fund