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Off-Chain 5/5/22: The $320mm Otherside land sale, Fantom liquidation drama, and Tennessee is recognizing DAOs.

The Decrypting Crypto Podcast

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What's Going on in the Phantom Eco System?

The past week inside the phantom eco system has been a wild one. A cause by name rouche, relatively well known in the space, locked up 50 million dollars worth of phantom as collateral on the defi prodical scream. He immediately borrowed 37 an dollars worth in stable coins against his position of phantoms worth 90 million. Immediately purchased dais and solid tokens, locked them for four years. So basicallyers like no liquidity right now.

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