In this episode of Empire's Weekly Roundup, Jason and Santi discuss this week's biggest stories. CeFi continues to implode, funds are facing redemptions and Bitcoin miners are in trouble. What could be the catalyst out of this mess? How has Santi changed his mind about DeFi? Tune in to find out!
Highlights include:
- Why Santi changed his mind on undercollateralized loans in DeFi
- What is happening with CoinFLEX and Roger Ver
- 3AC officially defaults
- Why users aren't ready to use DeFi
- Jason and Santi's bet on the next crypto catalyst
- A potential Bitcoin miner death spiral
- What is a high watermark
- Arthur Hayes' predictions
- Are we just reliant on the Fed?
- Maker DAO is buying T-Bills
- Jason/Santi book recommendations
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Follow Santi: https://twitter.com/santiagoroel
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Referenced in the show:
Jill Gunter of Espresso Systems
https://twitter.com/jillrgunter
Ryan Swanson (Blockworks Research Analyst)
https://twitter.com/ryan_swansonx
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(00:00) Introduction
(03:01) State of the Market
(09:45) Bearish On Undercollaterized Loans
(12:15) CoinFLEX, Roger Ver and More Contagion
(19:08) Will People Use DeFi?
(26:25) A Privacy & Security Bet
(29:06) Voyager Issues Default Notice to 3AC
(29:58) Bitmex Ad
(30:56) BTC Miner Death Spiral
(42:26) Funder Redemptions ft. Arthur Hayes
(50:25) Closing Crypto Funds & High Watermarks
(59:10) MakerDAO Vote to Buy T-Bills
(1:04:20) Catalyst For The Next Cycle
(1:11:20) Crypto's Progress
(1:15:48) New Episodes and Book Recommendations
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
