Guy Young (Ethena) on the Past and Future of Crypto Interest Rates (EP.507)
On The Brink with Castle Island
Ethena's Impact on Crypto Interest Rates
Exploring the influence of Ethena's growth on funding rates and open interest in the crypto space, bridging interest rates between DeFi, CFI, and TradFi. The chapter discusses the historical journey of yield in the crypto space, the concept of Athena as a foreign nation offering high interest rates, and the evolving dynamics of interest rates and market funding.
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