Defi Nerd | ERC-721 | Gamma is a weapon
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Joined October 2021
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Made a few updates to the dashboard including sector performance, real time economic data, top buys/sells of Senate & Congress last 6 months, p/c ratio, and vol surface @didier_lopes @openbb_finance keep up the incredible work!!
Shoutout to @didier_lopes and @openbb_finance community for leading the way in open source investment research. App was built using @streamlit leveraging the new OpenBB SDK
Currently under development so please excuse any bugs. Try it out here!
openbb.streamlit.app
Grayscale CEO Michael Sonnenshein remarks
The change “creates efficiency but doesn’t fundamentally change the Grayscale business,”
“What it’s doing is bringing a capability in-house to the Grayscale organization while continuing to adhere to any financial rules and regulations
I have no intention or desire to spread fud on $GBTC
Simply the timing of these decisions by Grayscale to terminate Genesis 6 weeks seems quite ironic given the events that have unfolded.
Let me know your thoughts on this!!
Some good news for $ETH amidst the crypto havoc not to be missed.
Since the Merge 61 days ago, ETH supply has fallen by over 6k, making it a truly deflationary asset.
If ETH had not transitioned from PoW the ETH supply would have grown by +725k over the same period
Less than 24 hours after @SBF_FTX said the US entity was safe and “100%” liquid.
FTX US files for Chapter 11 INCLUDING FTX US
Blockfi has suspended withdrawals!!
Using @ArkhamIntel let’s see how much capital #BlockFi has.
@ArkhamIntel analyzes 5 wallets of @BlockFi on Eth and found only $18.44M left!
Including:
10,829 $ETH($13.3M)
3M $USDC;
2.9M $BAT($749,022)
479,465 $USDT
48,638 $UNI($266,054)
👇
$USDD has started to depeg currently at $0.9789.
The USDD vs. USDC/USDT/DAI pool also out of balance, USDD accounting for 82.31%.
FTX Alameda Relationship Simplified
FTX prints FTT out of thin air
FTX lends FTT to Alameda Research
Alameda Research borrows USD stables against FTT
Alameda Research sends USD stables to FTX
Rinse and repeat = ♾ $$$
Defi TVL plunges to $43 billion
A level not seen since March 2, 2021
This represents nearly a 75% decrease from its highs of $180 billion
#defi
1/ Alameda has borrowed hundreds of millions of $ from DeFi protocols
They are now facing a major liquidity crisis (perhaps far worse) putting creditors at risk
I dove on chain to see what debt obligations they currently have 🧵
9/ Side note, on such a hectic day I value the potential of Defi even more. The power of being able to track wallets and funds in real time.
10/ I hope this was insightful feel free to share! PC @ArkhamIntel in first pic, really enjoying their beta they have awesome tools for times like this check them out!