@0xralpha@TardFiWhale@ethena@ProtocolGuild@zachxbt It takes them minutes to convert there worth collateral to stablecoin if funding rates are unfavourable anyway, so even if they had to have 90% stable 10% OI. That's perfectly fine (obviously not going to happen, users WOULD withdraw)
@0xralpha@TardFiWhale@ethena@ProtocolGuild@zachxbt So what the apy will go lower and 2bn market cap will go back to 500m, or lower. Worst case you earn nothing, maybe slightly negative for a day. Look at DAI, they lost over 1b market cap recently, so increased SDAI returns to 15% to bring them back.
@TardFiWhale@ethena@ProtocolGuild@zachxbt You literally made a tweet long without even saying what is wrong with ethena. I had to scroll through your post 3 times thinking I missed something, you literally gave no reasoning at all 🤡
@dafishinabarrel @SleepyPanda666@Jaiden_Kett@Haunted_Haunter I honestly thought it was a tra aphobe troll account making fun of the fact transgenders have mutilated bodies. Clearly I was way off the mark