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1) twitter.com/cyounessi1/sta challenge accepted ;)

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Cyrus Younessi

@cyounessi1

Oct 16, 2020

11) Now just waiting for big

to tell me why this entire thread is dumb and/or horribly wrong. cc @SBF_Alameda @danrobinson @abandeali1

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and

Thoughts on the trendiness of AMMs resulting in a short term catalyst for a crypto credit crunch in the markets? TLDR - Permanent loss will result in outflows that reduce debts and credits in the market.

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Ben Lilly

@MrBenLilly

Oct 18, 2020

1) Post DeFi mania... Yields are dropping. Some are now turning negative as the market dries up. In a sideways or bearish market, liquidity dries up. Pools will get hurt as arb arises from minor pumps..

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yeah totes agree, though yield farming is prob the biggest contributor to that

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and

As an exchange operator, when you secure yield from traders borrowing for margin trading, what asset do you ultimately park the earned interest in? Tether, BTC?

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eh depends on the structure, but e.g. all FTX exchange fees are in USD

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and

er rather most are, spot is a little funkier

3:36 PM · Oct 18, 2020Twitter Web App