Griffin Ardern, volatility trader from crypto asset management firm Blofin, said, “Last week, Alameda’s balance sheet was questioned, and Binance also announced that it would liquidate FTT and other assets related to the FTX exchange. That appears to have caused a panic among investors, who chose to hedge their assets such as FTT.”
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...