.@haydenzadams built @Uniswap into the AMM that redefined onchain markets. Now he’s looking ahead to what comes after pooled liquidity.
In conversation with @CamiRusso of @DefiantNews.
DeFi almost had its near-death moment.
@camirusso sits down with @MikeSilagadze of @ether_fi to unpack the hack that could've triggered systemic contagion across DeFi, why "decentralization theater" is no longer good enough, and what app-layer protocols have to do to actually protect users.
This one gets into DeFi United, emergency controls, operational security, and why the future of DeFi may depend on building products people use in real life, not just protocols people speculate on.
Watch the full episode here 👇🏻
we need more crypto media who are:
- not owned by companies in the same industry
- not investors or advisors to companies in the same industry
- always disclose paid/sponsored content, including affiliate links
(I know at least one who checks all of the above)
@ggcripto@TrustlessState If the market perceives that strategy needs to keep raising cash and selling BTC to fund debt and dividends, it's a downward spiral.
he for sure has an obligation. He has debt, which he goes into default if he doesn't pay.
yes he can cut the strc dividend to zero, but that doesn't eliminate any dividends he owes
and yeah he can serve his debt by raising more cash by selling mstr, but that's my point, he's relying on raising cash from new investors to pay current ones 🔼
The core of the ETH IS MONEY debate was this:
"Can you be bullish Ethereum without being bullish $ETH?"
David Hoffman @TrustlessState:
"Yes. That's how it's been designed." Network ≠ asset.
Watch the full argument and @BitcoinJesusETH push back. 🎙️
@DismalDefi in the case of strategy, they're selling shares that are supposedly backed by BTC, not fiat.
and I say supposedly backed, because these instruments don't even have a legal claim over the BTC held, they are not actually backed by BTC
https://t.co/WIcbR3cV7B
risk managed or not, they both depend on raising more and more money to pay current investors.
maybe it stops looking so much like a pyramid scheme if you can rely on just asset appreciation (and staking yield in the case of ETH), but hard to argue that can be the case all the time, forever
💰 BitMine @BitMNR is raising $300M at a 9.5% yield to buy more ETH.
Its Ethereum treasury already sits on $9.2B in unrealized losses and ETH staking yields are running below the 9.5% it's committing to pay holders.
Bullish ETH or landmine?
More here:
https://t.co/GUuw7Oh0bm
ETH bears and bulls have been talking past each other on X threads but now we get to have them on the show together :)
@TrustlessState@BitcoinJesusETH
Join us in 10 👇
Is "ETH is money" dead??
@TrustlessState sold all his $ETH bc he believes the thesis is played out.
@BitcoinJesusETH's 'Wartime Ethereum' essay was one of the most shared responses.
🚨 Join us as they discuss LIVE
June 4, 11:30AM EST
Hosted by @camirusso https://t.co/r5fYUyaeof
Is "ETH is money" dead??
@TrustlessState sold all his $ETH bc he believes the thesis is played out.
@BitcoinJesusETH's 'Wartime Ethereum' essay was one of the most shared responses.
🚨 Join us as they discuss LIVE
June 4, 11:30AM EST
Hosted by @camirusso https://t.co/r5fYUyaeof