Athena Mechanics and Delta-Neutral Risks

In this episode of Uneasy Money, hosts Kain Warwick, Luca Netz and Taylor Monohan explore how the recent ICO boom compares with the 2017 era. 

They share stories of some of the big names from the past, including Kain's struggles after raising 30,000 ETH at the cycle top. Plus Luca shares what it takes for founders to thrive in crypto.

They also unpack the “FUD” surrounding Hyperliquid following the infamous Oct. 10 crypto crash. Moreover, they discussed what Multicoin's investment in Ethena revealed about Kyle Samani, and potential black swan risks facing the project.

Hosts:

• Luca Netz, CEO of Pudgy Penguins

• Kain Warwick, Founder of Infinex and Synthetix

• Taylor Monahan, Security at MetaMask

Links:

• Unchained:

• Monad ICO on Coinbase Fizzles 12 Hours After Launch

• Uneasy Money: ICOs Are Back and Why Airdrops Are Instantly Dumped

• The Chopping Block: Tokenomics Reset — ICOs Rise, UNI Turns On Fees, MEV Goes to Court

• Hyperliquid Founder Denies Claims That DEX Prioritizes Revenue Over Traders

• The Chopping Block: Inside the $19B+ Perp Crash, ADL Explained, Binance’s USDe/Staked-Token Depeg, and the Hyperliquid Whale Debate

• Ethena Labs Expands to Support Two New Products

Timestamps:

🚀00:00 Introduction 

🎞 1:12 How the new ICO meta compares to the old days

❕️13:48 Why Luca would still airdrop PENGU despite the ICO craze

📽 16:19 New v. Old ICO meta cont'd

😬 26:00 Kain talks about raising 30,000 ETH at the 2017 top

💡27:49 Luca explains what it takes for founders to thrive in crypto

🤕 31:01 Hyperliquid “FUD” and why some of its celebrity whale traders are leaving

➰️45:18 The tension that Hyperliquid faces: protecting the protocol over users

🤔 47:32 Will a new perp DEX champion emerge?

📈 54:03 Multicoin goes long Ethena

🥊54:27 Kain's beef with Multicoin 

🎞 59:52 Luca's history with Multicoin 

⚠️ 1:01:43 The real black swan scenario for Ethena

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