meh disagree with much of your narrative -- tbh didn't find it particularly enjoyable :P
but given the prevalence of claims and paucity of questions it seems my explanations are not particularly desired.
the wonders of criticizing when you don't have a reputation to lose...
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tbh you weren't the target audience :P
The article covers both sides of the public opinion regarding your short selling, it wasn't written to be an attack on you.
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Yeah it was more fair than many takes!
But, e.g., it quoted 5 different people with various takes, some clearly wrong, and didn't actually quote any of my responses other than to note that there were some.
Some of them were fine! But e.g. the vote justification is nonsense.
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Mate just admit it, you shorted yfi and uni to the ground by borrowing and selling them on binance and other exchanges. It ain't no hedge. You hold no yfi. Once you covered the positions everything started going up.
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selling $3m of YFI does not short it "to the ground".
It crashed because *all* of DeFi crashed, it had bad PR events, and yield farming in particular went down.
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and it wasn't just hedging YFI (some of which I do hold!)
It was also hedging other positions (e.g. SRM, FTT, SUSHI, SOL, etc.)
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Your tweet is not, as it turns out, correct.
And 'just admit it' is not a very constructive thing to say.
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You borrowed 800 yfi from two different places? yfi was approx 20k, making it a 32mil short, how is it 3mil? Do you even maths ser? And you had to sell them bit by bit, you can't sell them all at once.
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much of that was staked, wasn't all borrowed at once, net short was only $3m, though there was no way to know that without seeing the whole books
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There's noway much of it was staked, only saw a couple tokens being staked.. It does not make sense to have a larger position staked while shorting the coin with a tiny position relative to what you're staking, you'll come out with a huge net loss. Stop lying sam.
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e.g. $12m of YFI is staked on Sushiswap alone: sushiswap.fi
also a bunch of it is still sitting on exchanges to provide liquidity; I'm seeing something like 400 YFI currently sitting there.
