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Web3 Breakdowns
@web3breakdowns
A production exploring innovation in the decentralized internet. Join us down the rabbit hole.
Web3podcasts.apple.com/gb/podcast/web…Joined November 2021

Web3 Breakdowns’s Tweets

gm! Had the pleasure of sitting with of to have a long conversation about what we are seeing in the Institutional space. If you don’t know Eric, he was a Fidelity Portfolio Manager before going full-time web3. He’s one of my favorite people here 🙌🏾.
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.@sergitosergito from @FireblocksHQ on why stablecoins and cross-border payments will be adopted in emerging markets: joincolossus.com/episodes/51054
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🥭 squeeze: when a lending protocol’s insurance fund is insolvent due to its composition (which is what tries to solve!)
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How does a DeFi exchange get exploited for $115M? @inkymaze from @gauntletnetwork joins to explain the Mango Squeeze - and how to mitigate the same attack against other protocols joincolossus.com/episodes/70263
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Base case seems more likely. Alameda had a hole in May and SBF used FTX BS and customer funds to shore them up. He likely assumed that Alameda with it's ability to generate profits could trade their way out, pay FTX back, before anyone knew the money was missing.
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To lose a company like FTX this quickly (<24 hrs from the run) means something horrible happened and we are all speculating right now. Seeing blow-ups in the past, there are three cases that come to mind of what could have happened with SBF and FTX...
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