The Truth Behind 27% Yield On Ethena, The Hottest Project In Crypto | Guy Young, Founder & CEO

Ойын-сауық

Ethena has become one of the hottest projects in crypto lately. Inspired by Arthur Hayes' synthetic dollar idea, Guy Young decided to build Ethena to disrupt the crypto industry. While the project may be challenging for crypto novices to grasp, I endeavored to simplify it by interviewing Guy. Tune in to learn about Ethena and the future of crypto and stablecoins in this episode of The Wolf Of All Streets podcast.
Guy Young: / leptokurtic_
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#Bitcoin #Crypto #ethena
Timestamps:
0:00 Intro
1:20 What is Ethena
3:36 Sponsor: iTrustCapital - рекламу поставить на 4:58
4:58 Cash-and-carry trade
5:40 Synthetic dollar, not stablecoin
6:50 When funding rates go negative
9:10 27% yield
12:04 Counterparty risks
14:10 Terra Luna
16:10 The peg
19:00 Understanding the risks
21:20 The future of USDe
23:18 Systemic risk
24:30 Understanding cash-and-carry trade
25:35 What went wrong with GBTC
27:04 The product market fit
30:29 DeFi is still not ready for mass adoption
32:45 Regulatory pushback
34:55 How to start with Ethena
36:00 Keep in touch with Guy
The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Пікірлер: 99

  • @rationalevidence9095
    @rationalevidence90954 ай бұрын

    BIGGEST RED FLAG: This guy looks WAAAAY too well groomed to be a serious coder.

  • @gribbler1695

    @gribbler1695

    3 ай бұрын

    He's in high finance; not a coder.

  • @crazyprayingmantis5596
    @crazyprayingmantis55962 ай бұрын

    Im no body language expert but my alarm bells are going off all over the place with this guy. ⏰️ 🚨

  • @Elgringo2180

    @Elgringo2180

    2 ай бұрын

    Was thinking the same thing

  • @4d-zi2ck

    @4d-zi2ck

    2 ай бұрын

    lol i was thinking the same especially on the bankless interview....its like hes frightened to death of his own product

  • @Max_Ivanov_Pro
    @Max_Ivanov_Pro4 ай бұрын

    ETH TO THE MOOOOON !!!!!!!!!!!! 🚀

  • @cockerbrfc
    @cockerbrfc4 ай бұрын

    Watching the crypto market's ups and downs shows how quickly things can change. The recent misinformation incident reminds us that external factors can shake things up. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. Stay alert, diversify, and let's ride this unpredictable market together. At the core is Tobias Hawke, whose deep understanding of crypto and traditional trading is key. His all-encompassing investment approach and staying updated on trends make him a valuable ally in this crypto era.

  • @cockerbrfc

    @cockerbrfc

    4 ай бұрын

    He mostly interacts on Telegrams, using the user-name.

  • @cockerbrfc

    @cockerbrfc

    4 ай бұрын

    @TobiasHawke .

  • @rpicaso

    @rpicaso

    4 ай бұрын

    I think you basically just have to research and study what kind of assets you want to Invest in.

  • @FabianBRAR

    @FabianBRAR

    4 ай бұрын

    Thank you for this Pointer. It was easy to find your handler, He seems very proficient and flexible. I booked a call session with him.

  • @Deonnabailey30169

    @Deonnabailey30169

    4 ай бұрын

    Tobias Hawke expertise is truly commendable. He has this knack for making complex crypto concepts easy to understand.

  • @FutureGuy47
    @FutureGuy474 ай бұрын

    The bigger USDe gets, the more they influence the perp rates and become a target. Perfect setup for a Terra Luna scenario and a blowup.

  • @rationalevidence9095

    @rationalevidence9095

    4 ай бұрын

    This is the concern. these algo coins are great except there's ALWAYS a way to "shake" up the system enough to create panic. If he's right and redemptions stabalize rather than exacerbate the depeg, then worst case scenaro TVL drops until the fud passes. I hope it works!

  • @polish2x91
    @polish2x914 ай бұрын

    Handsome man with scar said we're going to be rich honey!

  • @ReyesM-oz9li
    @ReyesM-oz9li2 ай бұрын

    ........I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ...

  • @ZeeMan-xu9kx

    @ZeeMan-xu9kx

    2 ай бұрын

    Your approach is correct and shows you have lots of experience, but since everybody wants to become rich overnight most coming to the markets newly don’t seek professional advice

  • @ReyesM-oz9li

    @ReyesM-oz9li

    2 ай бұрын

    marie strategy has normalized winning trades for me and it’s a huge milestone for me looking back to how it all started. ....

  • @LordKings-dy1rh

    @LordKings-dy1rh

    2 ай бұрын

    Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

  • @rita00888

    @rita00888

    2 ай бұрын

    And I can even say she is the sincere broker I know

  • @ReyesM-oz9li

    @ReyesM-oz9li

    2 ай бұрын

    she's mostly on Telegrams, using the user name.

  • @sarahmomo9124
    @sarahmomo91244 ай бұрын

    There is something about ppl that are not even able to look straight into the camera that feel absolutely off for me.

  • @mbshawaii

    @mbshawaii

    4 ай бұрын

    I use three screens and my zoom screen is often not my laptop, which has the camera. He's looking at a zoom screen on a monitor

  • @GregLaurie1103
    @GregLaurie11032 ай бұрын

    As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Victoria Wiezorek insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 632k. Kudos to the journey ahead!

  • @AdrianRogers20

    @AdrianRogers20

    2 ай бұрын

    Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

  • @TraciBlackmon3

    @TraciBlackmon3

    2 ай бұрын

    You trade with Victoria Wiezorek too? Wow that woman has been a blessing to me and my family.

  • @StephenOlford2

    @StephenOlford2

    2 ай бұрын

    I'm new at this, please how can I reach her?

  • @GregLaurie1103

    @GregLaurie1103

    2 ай бұрын

    she's mostly on Telegrams, using the user name.

  • @GregLaurie1103

    @GregLaurie1103

    2 ай бұрын

    @WIEZOREK105 💯 ..that's it

  • @rationalevidence9095
    @rationalevidence90954 ай бұрын

    These algo coins are great except there's ALWAYS a way to "shake" up the system enough to create panic once it gets big enough to garner more attention. If he's right and redemptions stabilize rather than exacerbate the depeg, then worst case scenaro TVL drops until the fud passes. I hope it works...but i'll be watching from the sidelines in cold storage.

  • @markperl5900
    @markperl59004 ай бұрын

    One of the very few of your interviews which was faaar above my pay grade 😂😂. 😮

  • @Arational
    @Arational4 ай бұрын

    If something looks too good to be true, it very likely is.

  • @xanderbailey9106

    @xanderbailey9106

    4 ай бұрын

    Yeah it's a terrible idea no way they can sustain 20%+ yield

  • @MikeLawrencePhoto
    @MikeLawrencePhoto4 ай бұрын

    I think Cristiano Ronaldo is really on to something here

  • @user-lu1yo9qf9k
    @user-lu1yo9qf9k4 ай бұрын

    Scott, Please discuss this Monday morning with your three intelligent, stable partners.

  • @ThePHATBASTURD
    @ThePHATBASTURD3 ай бұрын

    Thank you Scott, thanks for the video and interview and putting the risks first very informative

  • @videofrat3115
    @videofrat31152 ай бұрын

    Can someone explain what is the utility of the ENA token? as it is not used for keeping the peg

  • @moderndesign5282
    @moderndesign52823 ай бұрын

    His voice cracked hard for a few seconds after that one question, it means he was worried about the answer he was giving

  • @Dragonballsuper-zl2ov

    @Dragonballsuper-zl2ov

    3 ай бұрын

    bruh it seems like a pump and dump

  • @Dragonballsuper-zl2ov

    @Dragonballsuper-zl2ov

    3 ай бұрын

    it is about to reach 1$ from 0.5

  • @Dragonballsuper-zl2ov

    @Dragonballsuper-zl2ov

    3 ай бұрын

    just seems like the developer are slowly selling away

  • @PabloLoso
    @PabloLoso4 ай бұрын

    Wild they managed to get CR7 on the team. SIIIIIIUUU

  • @Jason-ru7xt
    @Jason-ru7xt2 ай бұрын

    What's the utility of ENA token? how does it accruel values?

  • @TheCRYPTOChad1
    @TheCRYPTOChad14 ай бұрын

    Ill be watching from the parking lot. I wish you well though. 💪

  • @4d-zi2ck
    @4d-zi2ck2 ай бұрын

    Problem is there will be a sequence of unforeseen events that guy could not have factored in when developing ethena....all the implosions in finance are never planned, things are good until they are not...this is right at the forefront of risk without a doubt. Problem is ethena is stitching itself deeper into the ethereum ecosystem so the unwinding of ethena could be nasty

  • @JSteve22
    @JSteve224 ай бұрын

    OK. So this is the project that will mark the beginning of the bear market once it implodes. SMH, we didn’t learn anything from the past …

  • @Fine_Times

    @Fine_Times

    4 ай бұрын

    Yesterday ... He fked them off .,.then ... Ok boss... Pure crap

  • @Arational
    @Arational4 ай бұрын

    I have a problem with the trad fi derivative market where the market "value" is an order of magnitude higher than the underlying assets. Crypto derivatives leave me cold.

  • @paultrenteseaux8464
    @paultrenteseaux84642 ай бұрын

    I like your voice, I think u have good hand shake, I can believe in that

  • @mimir5782
    @mimir57822 ай бұрын

    "Truth".... and everyone said: "Yeah!"

  • @MadWaloo
    @MadWaloo4 ай бұрын

    Thanks for bringing on Ethena founder. I was curious (and skeptical) about the project. Now I have a better understanding. Less skeptical, but still gonna pass.

  • @aam3151
    @aam31514 ай бұрын

    Luna 2.0

  • @SmoothOperata
    @SmoothOperata2 ай бұрын

    You know what they say? If it’s too good to be true….

  • @BoiBuu-jj5id
    @BoiBuu-jj5id4 ай бұрын

    Hey, I've been doing crypto trading for a while now, but it's not working out for me because I lack a good trading system. What crypto to invest in right now?

  • @OimMua

    @OimMua

    4 ай бұрын

    Go for xrp, but find a good trader who would guide you more on this

  • @Jamesotto-pm5fu

    @Jamesotto-pm5fu

    4 ай бұрын

    It's great that you're interested in crypto trading, but it can definitely be a challenge to find success without a good trading system. I can't make investment recommendations for you, but I can share some advice on finding a good trading system. It's important to do your research and understand the risks and potential rewards of any trading system. It's also important to make sure you have a plan and a budget and to stick to them. Can I ask, what type of trading system are you currently using

  • @THE-J0K3R.
    @THE-J0K3R.2 ай бұрын

    Is this coin full of red flags 🚩? YES. Is this coin like Luna? YES. Will this coin in this bull run explode? YEEEESSSSSS. I bought 5000 euros, at price 0.65 cents, and I’m just waiting to unload my bags. It’s now almost 10 000 euros value, and this is only the beginning. Good luck for everyone in this bull run.

  • @THE-J0K3R.

    @THE-J0K3R.

    2 ай бұрын

    @@mikb7360 I have 3 prognoses: Pessimistic can reach 6/7 dollars, Realistic can reach 14/15 dollars, Bullish: can reach 20/25 dollars. I think that it will depend about how big it will be this bull run. Good luck.

  • @tracylee7131
    @tracylee71312 ай бұрын

    Feels like another prometheum

  • @cryptoricardo
    @cryptoricardo4 ай бұрын

    Great interview! If Scott would distance himself from fraud Soloway this channel would be amazing. I mean, guys like Mike McGlone are blinded by headlines and irrelevant data but at least, despite being completely wrong most of the time, they are analysts and traders. I suspect Soloway is neither, especially after hearing him claim a 99% win rate; smells like a con man.

  • @lukeschaeffer2551
    @lukeschaeffer25512 ай бұрын

    Luka Rocco Magnotta's relative?

  • @quayjn
    @quayjn2 ай бұрын

    Thanks for the video. Project sounds like dangerous trash.

  • @RWoolf-jq9fz
    @RWoolf-jq9fz2 ай бұрын

    The explanation of handling negative funding rates is school boyish at best, this is LUNA V2, we have a backup fund to handle bad times. Arthur Hayes is as dodgy AF, Curve founder is dodgy AF, Frax was the biggest partner of Luna

  • @Fine_Times
    @Fine_Times4 ай бұрын

    Leaving the Channel After turn coat behaviour... Italian by chance 😂

  • @spenser6353
    @spenser63534 ай бұрын

    why scott put these guys on promising these ridiculous returns. I thought we learned from Celsius and FTX

  • @summawub
    @summawub4 ай бұрын

    What is this dude looking at? All the Arthur Hayes interviews I've seen are up his nose too. What's the deal?

  • @Cryptohash88
    @Cryptohash883 ай бұрын

    So Ethena is actually Run by Cristiano Ronaldo?

  • @MuffJohnson
    @MuffJohnson4 ай бұрын

    Scott Malkinson has very small beady eyes that are very close together

  • @tommyj1811
    @tommyj18114 ай бұрын

    Nope

  • @kobiegrant1671
    @kobiegrant16714 ай бұрын

    😮 Dude looks suspect. I’m sorry. The name is a joke as well.

  • @deshjonwara4246

    @deshjonwara4246

    3 ай бұрын

    I think ethna is a great name personally

  • @kennetht4772
    @kennetht47722 ай бұрын

    why are you fudding this project ?😢

  • @YahnHova
    @YahnHova4 ай бұрын

    FROTH

  • @David-sm1ht
    @David-sm1ht4 ай бұрын

    u cant through without shilling can ya

  • @posterestantejames
    @posterestantejames4 ай бұрын

    He wasn't really speaking English. It sounded sort of like it, but it was unintelligible. Alas. Anyone care to translate?

  • @gribbler1695

    @gribbler1695

    3 ай бұрын

    It's Australian.

  • @bertkoka
    @bertkoka4 ай бұрын

    Let the shilling begin

  • @edwardgray9627
    @edwardgray96274 ай бұрын

    So much fud around this project from people who don’t bother to do the research or understand the mechanism. This will be the biggest product in defi and transform the market going forward . extremely bullish

  • @gabrielamedina8315

    @gabrielamedina8315

    2 ай бұрын

    umm would you explain it?

  • @user-st2bp1qx5j

    @user-st2bp1qx5j

    2 ай бұрын

    @@gabrielamedina8315 just simply listen and you're good :) hahahaha

  • @user-qi2oe4rj9s
    @user-qi2oe4rj9s3 ай бұрын

    ponzi scheme Aren’t you embarrassed?

  • @trtr316
    @trtr316Ай бұрын

    Synthetic dollar yet no mention of SOFR at all who is this guy ??? seems like bullshit lots of talk yet he has never been involved in bond trading or stirs markets i call bullshit

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