🎉Omnichain Carnival Wave 1 is now live with early access!
TL;DR
-Early access for Wave 1 starts on 3/26 at 14:00 UTC and lasts for 4 days
-Register during early access to receive a 15% bonus in wave 1
-3% of the total supply will be allocated in Wave 1.
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Anticipate Wave 2, plus even more to come.
Learn more about omnichain carnival: https://t.co/IgezMQRz0l
I was on the trading floor at Lehman when we went bankrupt. Some reflections and lessons learned as we digest the FTX insolvency. The similarities are eerily similar.🧵
“In a video meeting with Alameda employees late Wednesday Hong Kong time, Alameda CEO Caroline Ellison said that she, Mr. Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were aware of the decision to send customer funds to Alameda”
1/I obviously have 0 say at this point, but hey, interested to hear others' thoughts:
Two options:
A) bankruptcy
B) token
[THESE ARE NOT CONCRETE NUMBERS]
Liabilities: -8.8bn
Liquid assets: 900m
Less liquid: 2.037bn
Illiquid: 3.2bn
liquid hole: -7.9bn
illiquid hole: -2.66bn
EXCLUSIVE: I sat down with Terra Founder @stablekwon for his first interview since the project’s $45 billion collapse
Our 2-day conversation premieres only on the community-owned NFTV series @coinage_media. Episode 0 coming Monday
Celsius. Babel. Voyager. BlockFi.
Centralized crypto fintechs are in deep trouble and rumored to be facing insolvency.
The former two froze user withdrawals.
The latter two received bailouts from FTX.
Why? What gives? What's going on?
1/
Tether reduced almost 50% its CP holdings since 31st March 2022. By end of June only 8.4B CP left. CP exposure going to be reduced to 0.
No exposure to Celsius on our reserves. Liquidated without losses.
No exposure to 3AC.
Celsius is one of the largest centralized gateways to crypto.
It raised $864m of venture capital and at one point custodied over $3 billion of funds for 1m+ customers.
As of today, it appears insolvent, and it's taking the whole crypto market with it.
The Celsius Thread:
👇
It’s been awhile since we’ve had a real game-changer for DeFi.
Fortunately, that’s about to change.
A few months ago, Metamask developers left some massive hints… 🦊
Over *four years* ago I was a research analyst at @scalarcapital.
The Terra / $LUNA deal came across our desk and I was assigned to it because I was the DeFi guy. Here's what I had to say about the project.
How did we allow it to end up like this?