The Truth Behind 27% On Ethena, The Hottest Project In Crypto | Guy Young, Founder & CEO

Ethena has become one of the hottest projects in crypto lately. Inspired by Arthur Hayes' synthetic dollar idea, Guy Young decided to build Ethena to disrupt the crypto industry. While the project may be challenging for crypto novices to grasp, I endeavored to simplify it by interviewing Guy. Tune in to learn about Ethena and the future of crypto and stablecoins in this episode of The Wolf Of All Streets podcast.

Guy Young: https://twitter.com/leptokurtic_

►► Sponsored by iTrust Capital

Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital.

👉 https://bit.ly/itrust-scott

►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY!

👉https://thewolfden.substack.com/

►► OKX

Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000!

👉 https://www.okx.com/join/SCOTTMELKER

►►THE DAILY CLOSE

BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.

👉 https://www.thedailyclose.io/

►►NORD VPN

GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY!

👉 https://nordvpn.com/WolfOfAllStreets

►►COINROUTES

TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS!

👉 http://bit.ly/3ZXeYKd

Follow Scott Melker:

Twitter: https://twitter.com/scottmelker

Web: https://www.thewolfofallstreets.io

Spotify: https://spoti.fi/30N5FDe

Apple podcast: https://apple.co/3FASB2c

#Bitcoin #Crypto #ethena

Timestamps:

0:00 Intro

1:20 What is Ethena

3:36 Sponsor: iTrustCapital - рекламу поставить на 4:58

4:58 Cash-and-carry trade

5:40 Synthetic dollar, not stablecoin

6:50 When funding rates go negative

9:10 27% yield

12:04 Counterparty risks

14:10 Terra Luna

16:10 The peg

19:00 Understanding the risks

21:20 The future of USDe

23:18 Systemic risk

24:30 Understanding cash-and-carry trade

25:35 What went wrong with GBTC

27:04 The product market fit

30:29 DeFi is still not ready for mass adoption

32:45 Regulatory pushback

34:55 How to start with Ethena

36:00 Keep in touch with Guy

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.