Conversation

As per cryptoapprentice,

@SBF_Alameda

deposit lots of $ftt $srm on $cream as collateral to borrow $uni $yfi $crv and dump on binance.

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Interesting if true. 🧐

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It really doesn't matter. Let me quote: " You want to be right or make money?"

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It has passed anyway. Definitely would have doubled down and short if I knew it firsthand. Interesting in the sense that SBF thinks YFI, UNI & CRV are overvalued; kinda the opposite from most defi bros

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was a longer-term thing, not short term. FWIW I think CRV is at this point intended more as a yield farming incentive than a buy and hold asset -- and FWIW it's done *great* for them as one!