Ethena has become one of the hottest projects in crypto lately. Inspired by Arthur Hayes' synthetic dollar idea, Guy Young decided to build Ethena to disrupt the crypto industry. While the project may be challenging for crypto novices to grasp, I endeavored to simplify it by interviewing Guy. Tune in to learn about Ethena and the future of crypto and stablecoins in this episode of The Wolf Of All Streets podcast.
Guy Young: https://twitter.com/leptokurtic_
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Timestamps:
0:00 Intro
1:20 What is Ethena
3:36 Sponsor: iTrustCapital - рекламу поставить на 4:58
4:58 Cash-and-carry trade
5:40 Synthetic dollar, not stablecoin
6:50 When funding rates go negative
9:10 27% yield
12:04 Counterparty risks
14:10 Terra Luna
16:10 The peg
19:00 Understanding the risks
21:20 The future of USDe
23:18 Systemic risk
24:30 Understanding cash-and-carry trade
25:35 What went wrong with GBTC
27:04 The product market fit
30:29 DeFi is still not ready for mass adoption
32:45 Regulatory pushback
34:55 How to start with Ethena
36:00 Keep in touch with Guy
The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.
The Wolf Of All Streets