Discover and read the best of Twitter Threads about #ThreeArrowsCapital
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🧵THREAD - 3AC N'EST QUE LA FACE VISIBLE DE L'ICEBERG
#3AC , #Celsius, #finblox ont été les premiers. Le sang 🩸 n'a pas fini de couler.
🩸L'interconnexion des fonds d'investissements
🩸Les risques des boucles de prêts
🩸Les prêts non-collatéralisés
Le massacre à venir 👇
#3AC , #Celsius, #finblox ont été les premiers. Le sang 🩸 n'a pas fini de couler.
🩸L'interconnexion des fonds d'investissements
🩸Les risques des boucles de prêts
🩸Les prêts non-collatéralisés
Le massacre à venir 👇
Les stratégies d'investissement agressives et la mauvaise gestion des risques de #ThreeArrowsCapital ont contribué à son incapacité à maintenir des actifs liquides à court terme pour couvrir ses engagements.
Avec plus de 300 millions de dollars d'actifs liquidés depuis la mi-juin, la crise de liquidité du fonds spéculatif a contribué à un effet domino, provoquant une cascade de problèmes de liquidité parmi ses #investisseurs .
#ThreeArrowsCapital Has Defaulted On a $670 Million Loan
#3AC Is One Of Crypto's Most Prominent Hedge Funds & This Has a MAJOR Knock-On Effect 👇🧵
#3AC Is One Of Crypto's Most Prominent Hedge Funds & This Has a MAJOR Knock-On Effect 👇🧵
1/ #VoyagerDigital announced on Monday:
#3AC Failed to pay back 👇
- $350 million in $USDC
- 15,250 #BTC
The total amount stands at more than $670 million
prnewswire.com/news-releases/…
#3AC Failed to pay back 👇
- $350 million in $USDC
- 15,250 #BTC
The total amount stands at more than $670 million
prnewswire.com/news-releases/…
2/ Weeks of turmoil & negative price action have increased pressure tremendously & a number of reputable leading blockchain groups have started to buckle under the pressure..
The media narrative makes it seem like insolvency is on the horizon for #3AC
Other signs include..👇
The media narrative makes it seem like insolvency is on the horizon for #3AC
Other signs include..👇
1. If $UST ends up in a death spiral and cannot snap back to hold the peg, that really means the end of algo -stablecoin era, and all algo-stablecoin holders should now swap for $DAI, $USDC or $USDT. Here’s why:
@LFG_org @stablekwon @terra_money
@LFG_org @stablekwon @terra_money
2. To be a resilient stablecoin, you need to have (i) the economy of scale or (ii) enough backing with the underlying asset for users to redeem. $UST is definitely the first type. It bootstraps the liquidity and scale to a $18B crypto asset - top 10 market cap, too big to fail
3. Before the avalanche of algo-stablecoins taking place, $UST should be the only one whose volatility absorber $LUNA is also the native token for the whole successful #Terra blockchain. This creates a lot of use cases: whenever you spend on $LUNA, it creates a source of demand.
