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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Also wasn't the FTT team tokens? Why are you using team tokens as collateral to short? Do you own all of the team tokens?
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Yes but do you own all of the team tokens? They should be called Sam's tokens instead. If its teams tokens Why are they all being used as collateral to short other tokens? You're avoiding my question. Seem kind of unethical to use tokens that you basically got for free to short.
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1) I don't own them personally
2) this isn't my personal trading, it's Alameda's
3) this isn't all the team tokens, it's less than 10% of all tokens
4) we may have to agree to disagree on whether hedging is unethical
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Interesting, still dodging my question though, you mentioned before alameda and ftt is a totally different team & entity, ftt team tokens is supposed to belong to ftt team so why is alameda using ftt's team tokens for their trading? Its not less than 10% team tokens, way more
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it's less than 10% of all tokens.
Not sure which tokens you're counting as 'team' tokens here.
Alameda does, in fact, own > 10% of all FTT tokens.
Mate you are going behind bar for sure, what you are doing is unethical will catch you sooner or later just like bitmex ceo
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