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.
SAFU
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!
Don't look at me
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