Is There a Risk Exposure of Synthetic Miners?

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Every customer's long position, there's another customer who necessarily holds the shorp position to that. As a result bidmax doesn't occur any balance yod risk no matter what trading occurs on its platform. The esmix stakers take the other side of every synthetic that is outstanding. So for every s, us d in circulation, te l, snx, tekes are short u, s, t, s and x. For every s, p, t c, they are short b, t, c, s, an, x, and so on. M, do you see any material risk from that approach? And what do the curren stekes do to...

Today, I’m not only joined by a very special guest, but the format of this episode is highly unusual as well! I interviewed the man who goes by the name @DegenSpartan on Twitter and who is one of the biggest and most enigmatic Defi investors there is. I have wanted to have him on for a long time, but there was one problem: DegenSpartan, or DS in short, is fully pseudonymous and did not even want to have his voice known. So we looked for a solution and ended up doing a text interview instead. Then I got Patrick McCorry (@paddypisa on Twitter) to speak the part of DS in the final recording, while I spoke my own part. At this point, I want to give a huge thank you to everyone who reached out to us on Twitter and offered their help to make this episode a reality. I get that this isn’t your average podcast, and you can go and read the text interview instead if you want, but I think Paddy did a fantastic job and the final product came out great. Please enjoy! Discussed in this interview: DS: Degenerate or prudent investor? How he managed to recognize (and sell) the top in Defi His approach to investing Becoming Synthetix' patient zero Why he dislikes Maker, YFI, and governance tokens in general and more! Links: Subscribe to our mailing list for transcripts and other bonus content: https://uncommoncore.co/ DegenSpartan https://twitter.com/DegenSpartan Hasu https://twitter.com/hasufl Patrick McCorry (as DS): https://twitter.com/paddypisa