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_ ►► Sponsored by iTrust Capital Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital. 👉 https://bit.ly/itrust-scott ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/ ►► OKX Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000! 👉 https://www.okx.com/join/SCOTTMELKER ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/ ►►NORD VPN GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets ►►COINROUTES TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS! 👉 http://bit.ly/3ZXeYKd Follow Scott Melker: Twitter: https://twitter.com/scottmelker Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #ethena 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.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related