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The Chopping Block: Curve Crisis Concludes With a Whimper, PayPal’s PYUSD Raises New Questions - Ep. 529
Unchained
The Risks of Diversification in Cryptocurrency
There were market actors that were trying to liquidate Igor right they were doing so because one of his positions on fracks land Used an interest rate model that was honestly frankly quite interesting but also Dangerously led to people trying to hunt his position by max borrowing Against curve in fracks land. There would have been this crazy potential cascade risk If there was a liquidation on one market it could have just triggered like a global decrease in the price. This really only happens when A position is so large and concentrated in one person Like if it was split up amongst many people who cares if one of them would have gotten liquidated it wouldn't matter. With 40% of the supply you're jeopardizing
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