3AC - Zhu Su and his fund

in #leofinance2 months ago (edited)


LOL. UST Fucks 3 AC and all lenders. Think about if 1k ETH liquidation cascade happens to him.

( IT would liquidate a big part of 3 AC funds).




Yeah 8% in Bulla run and leverage it again in loans against investments. 69k would never happen without funds overleverage ( super greed) + saylor leverage.

The whole market is on leverage. Even now. There is no " real owned debt-free" bitcoin anymore.

" I stake the Bitcoin here for 8% APR"

The taker uses your bitcoin for collateral for a loan.

and invest it in something else, maybe repeat.

Man, that's pozinomics ABC!

And if Fallout, the 8% guy loss everything, the others gamble for Free.

OPM like banks love! OMG that's such a classic.





Onlyfud- Conclusion

More stablecoins become unstable. Crypto funds like 3AC and greyscale was the exit liquidity.

Unlimited leverage in the market.

If liquidations happen...

Anyway, it is fucking entertaining!


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