xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
Three Arrows Capital (3AC) just wiped out its investment capital of nearly $3 Billions in months. The cause of the collapse like through high leverage decentralized finance (DeFi) and high debt ratios.
Let's explore why 3AC instantly collapses.
Su Zhu and Kyle Davies are the founders of 3AC. The company was founded in 2012 to provide superior risk-adjusted returns. Ironically, the risk did not adjust properly, and the company went out of business instantly.
We do not know how 3AC invest their funds, but we do know they invested in:
Yacht:
https://twitter.com/unusual_whales/status/1549068269956411393
Own houses:
https://twitter.com/JackNiewold/status/1549153907921850373
https://twitter.com/JackNiewold/status/1549152912986853377
Step 1: run Step 2: sue your own company Step 3: aks your spouse to join the lawsuit
Thanks to the internet and the transparency of the Singapore law, you can learn a lot from the court document on what happened on 3AC.
https://twitter.com/rektdiomedes/status/1549174615452180480
Some breakdown of the investment portfolio:
Genesis - $2.3B Rest of the 24 companies - $1.2B
Founders on the run while suing their own company.
https://twitter.com/coinbureau/status/1549261248553840641
Try to ask where is my money:
https://twitter.com/FreddieRaynolds/status/1549099292710895622
https://twitter.com/zhusu/status/1546801270014758912
Many companies invest in 3AC forces to liquidate. DRB Panama is one of them.
https://twitter.com/DeribitExchange/status/1537458993781669891
Founders ran away while filing to sue their own company.
https://twitter.com/Cryptofung/status/1546476266508980224
And they enjoy their private jet on investors' cash
https://twitter.com/0xBender/status/1549464116045041664
https://twitter.com/ViktorBunin/status/1549761977479843849
Coinbase just announced they did not have invested 3AC.
3AC brings all true Degen together to blow up:
https://twitter.com/wassielawyer/status/1549094403062779905
https://twitter.com/FatManTerra/status/1549066466565169157
https://twitter.com/adamscochran/status/1546477191420170240
And what is up with Kelly Chen?
https://twitter.com/Stephen_Andr41/status/1549151972171063296
https://twitter.com/HukAleksandra/status/1547546120175370241
Buy me a coffee here if you want to support my writing.
Photo by Ricardo Arce on Unsplash
Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!
Three Arrows Capital (3AC) just wiped out its investment capital of nearly $3 Billions in months. The cause of the collapse like through high leverage decentralized finance (DeFi) and high debt ratios.
Let's explore why 3AC instantly collapses.
Su Zhu and Kyle Davies are the founders of 3AC. The company was founded in 2012 to provide superior risk-adjusted returns. Ironically, the risk did not adjust properly, and the company went out of business instantly.
We do not know how 3AC invest their funds, but we do know they invested in:
Yacht:
https://twitter.com/unusual_whales/status/1549068269956411393
Own houses:
https://twitter.com/JackNiewold/status/1549153907921850373
https://twitter.com/JackNiewold/status/1549152912986853377
Step 1: run Step 2: sue your own company Step 3: aks your spouse to join the lawsuit
Thanks to the internet and the transparency of the Singapore law, you can learn a lot from the court document on what happened on 3AC.
https://twitter.com/rektdiomedes/status/1549174615452180480
Some breakdown of the investment portfolio:
Genesis - $2.3B Rest of the 24 companies - $1.2B
Founders on the run while suing their own company.
https://twitter.com/coinbureau/status/1549261248553840641
Try to ask where is my money:
https://twitter.com/FreddieRaynolds/status/1549099292710895622
https://twitter.com/zhusu/status/1546801270014758912
Many companies invest in 3AC forces to liquidate. DRB Panama is one of them.
https://twitter.com/DeribitExchange/status/1537458993781669891
Founders ran away while filing to sue their own company.
https://twitter.com/Cryptofung/status/1546476266508980224
And they enjoy their private jet on investors' cash
https://twitter.com/0xBender/status/1549464116045041664
https://twitter.com/ViktorBunin/status/1549761977479843849
Coinbase just announced they did not have invested 3AC.
3AC brings all true Degen together to blow up:
https://twitter.com/wassielawyer/status/1549094403062779905
https://twitter.com/FatManTerra/status/1549066466565169157
https://twitter.com/adamscochran/status/1546477191420170240
And what is up with Kelly Chen?
https://twitter.com/Stephen_Andr41/status/1549151972171063296
https://twitter.com/HukAleksandra/status/1547546120175370241
Buy me a coffee here if you want to support my writing.
Photo by Ricardo Arce on Unsplash
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