Want to commend the speed with which Binance has addressed the losses on their platform. The size of user compensation is unprecedented. This is the first step to regain user trust which will be rebuilt through time.
Now is not the right time to be blaming each other. Binance has not shied away from the incident but has instead addressed them head on and offered immediate solutions, which should be commended.
To address any concerns on the relationship between Ethena and Binance, our partnership remains strong and is not impacted by the events over the weekend. We will continue supporting each others products.
We are also supporting where we can to update their oracle approach and risk parameters to better manage extreme tail end scenarios going forward, and will both be providing updates on this solution later this week.
Aster is making 4m$ a day in revenue daily
That's $120m in monthly buybacks
This is while the market is shit and everyone is rekt on leverage
Price will catch up to this data and soon it will trade at $4+
Once they officially announced monthly buybacks it's UP only
Most obvious 10x+ bet, but many are scared to bid
Bought more
I never saw anyone grave dancing on CZ and didn't get rekt
I bet on the richest man in crypto
Imagine using your staked BNB to boost your trading power while keeping your assets working for you.
That’s what next-gen DEXs like @Aster_DEX offer.
Discover how it works 👇
https://t.co/pJXcFGoHja
Day 25 $ASTER vs Hyperliquid
Aster has now been live for 25 days.
Today’s metrics
Perps vol Aster 27.1 b vs HL 30.8 b > 87% of HL
Spot - Aster 672 m vs HL 796 m > 85% of HL
Fees - Aster 4.53 m vs HL 3.94m > 115% HL
38% of entire perp market share
Sitting at 1/6th mcap of Hyperliquid
Fair value > MINIMUM 9$ ASTER
If you think of the top decentralized trading platforms, its only either $ASTER or Hypeliquid now.
These metrics will only increase for aster, its only week 4
Due to significant market fluctuations over the past 16 hours and a substantial influx of users, some users have encountered issues with their transactions. I deeply apologize for this. If you have incurred losses attributable to Binance, please contact our customer service to register your case. We will review your account activity individually, analyze the situation, and provide compensation accordingly. However, losses resulting from market fluctuations and unrealized profits are not eligible for compensation.
The reason Binance is Binance is that we never shy away from problems. When we fall short, we take responsibility—there are no excuses or justifications. We are committed to serving every user to the best of our ability, and we will manage what we are responsible for.
The market remains volatile at present, so please be mindful of investment risks.
由于过去16小时内市场波动较大,涌入用户过多,部分用户在交易中遇到问题,我感到非常抱歉。对于币安原因导致的亏损可以联系客服登记,我们将逐一核对你的账号行为进行分析裁决赔付,需要一些时间,但对于市场波动带来的亏损及未实现盈利不在赔付范畴。
币安之所以是币安是因为我们从来不逃避问题,做得不好的立正挨打,有多少用户就应该能服务好多少用户,没有理由和借口,我们该管的部分一定会管。
当前市场仍在波动期,请大家防范投资风险。
During the last rate cuts in Q4'24 we saw funding benchmarks widen as a spread to tbills from ~0% to more than 20% in the space of a few weeks.
USDe supply doubled during that period of time.
If we do see funding go anywhere near there again now into an easing rate cycle we will see >$20b USDe supply in less than a month.
While I am biased, I think Ethena is the most levered asset on earth to falling interest rates.
Ethena x Hyperliquid collab incoming?
Looks like Ethena may be teasing a perp DEX based on Hyperliquid called Hyena (@hyenatrade)
Two of DeFi's biggest innovations this cycle coming together, $HYPE + $ENA
Few things worth noting (all speculation):
- Built on Hyperliquid's infra - UI/UX looks very similar
- Uses Hyperliquid builder codes, so revenue share with $HYPE (similar to Phantom's model)
- Only accepts USDe as collateral - would create more direct demand for Ethena's synthetic dollar
- Already seeing incentives and rewards teased in the account's Twitter banner mockups.
Something to monitor.
Hyperliquid.
Can’t sleep…
I remember when we first announced Fantom’s rebrand early this year
All the hard work and moving pieces are finally coming together
Glad I get to contribute to this grand milestone we will all witness soon
$S