Kevin Zhou

Kevin Zhou, founder of Galois Capital, is known for his keen insights into crypto markets. He dives into the dramatic collapse of the Terra ecosystem, detailing how over $60 billion vanished and exposing the risks of algorithmic stablecoins. Zhou recounts his early warnings and strategic shorting of Luna. The discussion covers the chaos of UST's de-pegging, the emotional turmoil for investors, and broader implications for the crypto landscape. His reflections highlight the challenges of maintaining stability amid volatile and misleading yield promises.

Kevin Zhou, co-founder of Galois Capital, dives into the turbulent world of algorithmic stablecoins. He unpacks the USDN de-pegging dilemma, revealing systemic flaws in its design and governance. Zhou also critiques UST's high yield offerings on Anchor and discusses how these unsustainable practices might lead to a similar fate. He elaborates on the proposed 4Pool on Curve, comparing it to other stable swaps, while raising concerns about potential market disruptions if UST were to falter. Tune in for an insightful look at the challenges facing the crypto market!

Kevin Zhou, co-founder of Galois Capital, dives into the intriguing world of Ethereum's future and potential forks. He discusses the possibility of a Proof of Work chain and why he anticipated the LUNA death spiral before others did. Kevin outlines his trading strategies during the Terra collapse and sheds light on the risks surrounding the Merge. He also emphasizes the importance of replay protection and draws parallels between Ethereum's history and his personal insights on trading. A must-listen for crypto enthusiasts!

In this discussion, Kevin Zhou, CEO of Galois Capital and a well-known skeptic of UST, shares his early warnings about the TerraUSD collapse. He explains how the depegging triggered a 'fear cascade' and criticizes the lack of transparency from the Luna Foundation Guard. Zhou delves into trading strategies during the meltdown, revealing how Galois handled the crisis. He also discusses the broader implications for both crypto and traditional finance and the role of regulations in the aftermath, highlighting the perilous nature of algorithmic stablecoins.

In a lively chat, Kevin Zhou, founder of Galois Capital and Twitter figure in the Luna saga, shares his insights on crypto trading and market dynamics. He reflects on intense confrontations in the crypto space and the emotional rollercoaster of meme coins. As the election approaches, he discusses the shifting trends from Bitcoin to altcoins noted at a blockchain event in Dubai. The guests explore Ethereum's price movements and the need for better communication between crypto leaders and enthusiasts, proving that even in a downturn, there's fun to be had!