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Romeo Ravagnan
DeFi trader and co-founder at 3F Labs with a background in delta-neutral and market-making strategies, providing trader perspectives on liquidity, ADL events, and leverage dynamics.
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Nov 7, 2025
• 1h 8min
Inside Crypto’s Liquidity Crunch | Romeo Ravagnan & Sonya Kim
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Join DeFi expert Romeo Ravagnan, co-founder of 3F Labs with extensive trading experience, and Sonya Kim, also a co-founder focusing on RWA lending. They dive into the fallout from a $30 billion open-interest wipeout, examining how vulnerable portfolios faced liquidations. The duo contrasts isolated and pooled risk models in lending, revealing the complexities of lending architectures. They also discuss the implications of tokenized real-world assets and outline innovative strategies for providing immediate leveraged exposure, making crypto mechanics more accessible.
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