正在加载视频...

视频加载失败

Ethena gets a lot more interesting when crypto leverage starts heating up USDe is built around delta-neutral hedging, with short derivatives positions helping offset exposure to its backing assets when traders aggressively bid longs and funding turns positive, those short positions can generate additional yield that makes Ethena one...

103,102 次观看 • 1 天前 •via X (Twitter)

22 条评论

Hermes 的头像
Hermes1 天前

hey @grok, explain to me what it all means and how growing risk appetite might affect $baton prices along with $ENA

Evanss6 的头像
Evanss61 天前

USDE coded. Wrote up this thesis twice

HONK KONG🪿 的头像
HONK KONG🪿1 天前

Leverage heating up. Funding flipping positive. Risk appetite back. You already know what the phone call sounds like 🐗📞 $BOAR

SpicyMangos 🌶️ 的头像
SpicyMangos 🌶️1 天前

The tickaaaa is solana:C2WtD354XEvS9gzpJDLqzqkADq7wUtmJg1UzUdmL5a21 CHTE CAT ✅ FRENCHFRY WHISKERS ✅

Swole 🇵🇷 的头像
Swole 🇵🇷1 天前

Thought on solana:72yxYmhLgDGwdyi2b9GjDynBB6VuG3kDxNKqDbzXh5bi eco since you’re a fan of WOW?

Pukulan 的头像
Pukulan1 天前

Perhaps

C.N.U 的头像
C.N.U1 天前

I totally agree with you

Michael crypto 的头像
Michael crypto1 天前

Ansem 01

El judio 3000 的头像
El judio 30001 天前

Ethena is for gays and niggas

DuckDice 的头像
DuckDice1 天前

delta-neutral my ass, we're all just degens with a hoodie

CryptoPablo 的头像
CryptoPablo1 天前

Check This fam 👇🏾

BandoSonSenpai 的头像
BandoSonSenpai1 天前

$goon $goon $goon $goon $goon $goon $goon $goon $goon $goon $goon $goon $goon $goon $goon $goon

Ajit Singh Rathore 的头像
Ajit Singh Rathore1 天前

“The world runs on promises; we run on bullshit.” $BULLSHIT

MyThicCat🐱 的头像
MyThicCat🐱1 天前

Crypto scientists type sht

CoinStats 的头像
CoinStats1 天前

any news about black bull?

Mr Early 的头像
Mr Early1 天前

Rasmr face look like he didn’t understand 💩 you said!

Rain 的头像
Rain1 天前

Ethena gets more interesting when funding rates start picking up

Mr Early 的头像
Mr Early1 天前

Bro you just scrabbled my 🧠

Raoul Sophie 的头像
Raoul Sophie1 天前

Leverage rising, $GOLD watching.

M E E K A🐂🀄 的头像
M E E K A🐂🀄1 天前

True, the funding rate flywheel is where USDe really starts cooking. When longs get crowded and funding flips hard positive, those short hedges turn into a yield machine.

Michael crypto 的头像
Michael crypto1 天前

Ansem 04

Vexora 的头像
Vexora1 天前

The leverage cycle is worth watching closely, $GOLD stays on my radar as the market heat up @blknoiz06

相关视频

E184: Ethena CEO - Why Ethena Pay Feels Like Revolut, Not MetaMask G | Ethena is the founder and CEO of Ethena. He stumbled into DeFi in 2019 when a friend showed him MakerDAO - taking out a $5,000 loan against $10,000 of ETH with no one standing in the middle of the transaction. Six years later he's running Ethena, which scaled to $15 billion in stablecoin supply faster than anything else in crypto history, and his thesis is that a dollar with a yield in an app that doesn't feel like crypto is what finally brings 100 million new users in. Timestamps 0:00 Intro 2:37 Which Of Guy's Plans Fell Apart 5:37 Where Actually Are The Users Everyone Wants 7:10 What Got Guy Hooked On Crypto 9:20 PayPal vs Revolut vs Neo Banks 12:43 Partnerships: Variational Bitwise 13:36 Revolut vs Stablecoin Neo Banks 15:58 Is Switching To Neo Banks Really A 10x 18:00 EthenaPay, Explained Simply 21:21 Why Build Another Crypto Neo Bank 23:53 Will Crypto Banks Fight Over The Pie 25:55 How Ethena Wins Users By Helping Everyone 32:47 What Actually Makes Ethena Different 36:51 Ethena's Cashback System Revealed 38:32 How Ethena Cuts Fees 39:39 How Ethena Finds The Best Yield 45:16 Guy On Dealing With FUD 48:35 Why Guy Stays Quiet 49:29 Partnership: KAST 50:17 Ethena's KPI Targets 51:55 The Holy Grail For A Stablecoin Neo Bank 52:31 Partnerships: Jupiter Ethena 53:14 If Everyone Does The Same Thing, Who Wins 55:23 What's Next For Ethena After EthenaPay 56:36 Is EthenaPay Basically USDe 58:04 Closing Thoughts

MR SHIFT 🦁

124,824 次观看 • 24 天前

8-28-26 The Bond Market Is Setting Up For A Massive Short Squeeze $TLT $BND The bond market may be building one of its most interesting contrarian setups — not simply because inflation and wage growth are declining, but because positioning has become extremely stretched. There is currently a massive short position against Treasury bonds, much of it tied to leveraged hedge funds running the basis trade. These funds attempt to capture small pricing differences between Treasury securities and futures, often using significant leverage and short Treasury futures as a hedge. That creates the potential for a powerful unwind. If an event causes Treasury yields to drop sharply, those leveraged short positions could come under pressure. Hedge funds would then be forced to cover their shorts, which means buying bonds. That could create a self-reinforcing cycle: yields fall sharply → bond prices rise → Treasury shorts come under pressure → hedge funds cover → bond prices rise further → yields fall even more → additional shorts are forced to cover. Goldman Sachs has highlighted similar dynamics in its conditional projections for the 10-year and 30-year Treasury markets. This is why the bond opportunity right now isn't necessarily about making a long-term call that yields have peaked forever. It's about positioning, leverage and the potential mechanics of forced short covering. Bonds are already extremely stretched to the downside. If the basis trade begins to unwind, there could be substantial upside in Treasuries as shorts rush to cover. But there is an important catch: this needs a catalyst. If yields simply drift gradually lower, it may not create enough pressure to force hedge funds out of their positions. The market likely needs an event that causes yields to fall sharply enough to trigger the initial wave of short covering. Once that happens, leverage could amplify the move dramatically. So the setup is there, but patience matters. This isn't necessarily a trade that happens tomorrow. The key is watching for a sharp move lower in yields that begins forcing leveraged Treasury shorts to unwind. If that trigger arrives, what starts as a normal bond rally could quickly turn into a much larger short squeeze. Please ❤️like, bookmark🔖, and 🔁share with fellow investors

Lance Roberts

18,354 次观看 • 29 天前

🚨 DUMP BELOW $80,000 WILL BE BRUTAL I’ve been trading Bitcoin for more than 10 years. I have NEVER seen this much long-side liquidity stacked around one Bitcoin level. More than $3.2 BILLION in longs gets wiped if Bitcoin loses $80,000. Read that again. $3.2 BILLION. And once those liquidations start, they create MORE selling. Longs get liquidated → price drops → more longs get liquidated → price drops again. That’s how the cascade begins. Everyone who spent the last few months telling you: “The Bitcoin cycle bottom is already in.” is about to find out why leverage near the end of a bear cycle is so dangerous. But here’s the part most people will get completely wrong: THE DUMP IS NOT THE SIGNAL TO PANIC. It’s the signal I’ve been waiting for. Because real market-cycle bottoms don’t form when everyone feels comfortable. They form when leverage gets destroyed. When bulls give up. When forced sellers have no choice left. When buying Bitcoin feels like the WORST possible decision. That is exactly where I want to be buying. If $80K breaks and this liquidity gets flushed, the move could be violent. But once that leverage is gone, one of the biggest obstacles to the next bull run disappears with it. Panic → liquidation cascade → capitulation → market-cycle bottom → new bull run Most people will sell the pain. I’m waiting to buy it. Keep in mind: I was one of the few who publicly called the $17K Bitcoin bottom in 2022 and the $126K top in 2025. When the bottom comes, my followers will see it first. Turn notifications on. You won’t get a second warning.

Mull Ⓜ️

119,720 次观看 • 7 天前