deuce1307 🎹🎸⭕🌵

Phish: Read the Book! 🎹🎸⭕🌵 Dead, Cubs, ILL $BTC $ETH $SOL 🍭 🦊🛡️ A MILLION LITTLE THINGS TO SOLVE, OR NOT…I’LL LET THEM ALL EVOLVE!

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@Saints504_ Make that money, save that money. 💰

You got this! 💰💰💰💰

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@EricCla58164943 @LarkDavis Exponentially more of a problem than Gensler was, absolutely.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@eliehonig You might want to take a second look at your recent article regarding Trump planning to lose the Senate.

“Trump reportedly has developed a shortlist of candidates in their 40s and 50s to replace Thomas or Scalia.”

I was unaware that Scalia had risen from the dead. 🤦🏻

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@KobeissiLetter Dude that hired Powell must be a total clown.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@BobLoukas @benjamincowen Exactly.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@phish @SphereVegas @MomentFactory @AliveCoverage The moment when they finally flew…magical.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@scottmelker Short term thinking has long term consequences.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@scottmelker No kidding.

[Picolas Cage @Picolas_Caged]

This isn't being talked about nearly enough - I think it's because a lot of people dont know how utilisation rates in DeFi work.

They deposited WLFI as collateral (this is really bad collateral) and then borrowed $75M USDC - this pushed utilisation rates up to 100%

What this means is, if you were a supplier of USDC to this pool, you now cannot withdraw any of your USDC.

If the utilisation is 100% - you cannot withdraw your USDC.

What's supposed to happen is this - supply rates for USDC will now be really high, so suppliers will be earning really good interest rates.

As such, more people usually deposit into the supply side to take advantage of the high interest.

However, as no one trusts WLFI protocol, no one is adding USDC.

If no one adds any more USDC, and the USDC borrowers don't repay their USDC debt?

You'll never get your USDC back.

Not only that, but if WLFI token value falls below value of borrowed USDC - the WLFI will need to be liquidated to pay the USDC debt.

But....WLFI is illiquid and has very little demand....

If you can't liquidate that collateral effectively, you will end up with bad debt.

If there's bad debt, the Trump cartel keep the USDC and regular retail suppliers don't get their USDC back.

So effectively, the Trump cartel stole that USDC.

Maxxing out your own projects utilisation on USDC is CRAZY reckless.

TL:DR Soft rug in process? Inevitable bad debt?

Not good.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor Not surprising in the slightest.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@Klo_Kri3ger @DCinvestor I don’t think it’s going to be him, laugh, but I also don’t think the era of the celebrity President is remotely over with.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor What exactly did you do to prevent Trump from winning while Democrats just let him have it?

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor It’s a horseshoe for sure.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor The individual possesses no bottom. Before this guy, never in my life would I have thought something like this could come from a sitting President of the United States.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@lookonchain Shitcoins gonna shitcoin.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@darthg8r @DCinvestor It is not removed from office. All it takes is an article of impeachment being passed by the house. It is quite similar to betting that the house flips blue in the 2026 midterms.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor Laugh. It’s not like he is above it.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@Ethan06802140 @ChrisStoke85065 It’s both. Step back with most of your stack. Trade with what you’re comfortable losing all of.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor There is absolutely a non-zero chance something to this effect plays out if he finishes the term.

[deuce1307 🎹🎸⭕🌵 @deuce1307]

@DCinvestor No shit. You are spot on as always. You are the most levelheaded person I follow. Thank you.