winners & losers of the crash winners: -ethena: 100% uptime & redemptions, held its onchain peg -aave: record stress-test, 0 delays -solana: < $.01 fees during tps peak losers: -perp dexes: risk engines blew up (minus HL) -binance: halted trading + mispriced USDe causing liqs
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covid & FTX reasonably shook the markets, but this was so exaggerated that it’s clear one of crypto’s main players got fully cleaned out today & triggered that bigger cascade by far the weirdest crash I’ve seen in crypto, expecting some big news soon
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RT @coinbasetraders: The wait is finally over. Coinbase Advanced VIP is now open globally, US included. Get elite perks: → Lower fees → Pr…
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