CeFi, DeFi, and Everything In Between
Jun 28, 2022
• 10
Min Read
Over the past two weeks, we have seen the bear markets bringing out the worst in digital asset markets. Rumors of insolvency flew rampant in the face of volatility, affecting behemoths that were previously deemed ‘too sophisticated/large to fail.’
Celsius, which we covered in detail in The Tide Pulling Out, was one of the first to waver, fueling fears of contagion in this nascent space. We then wrote about 3AC’s unwinding in Three Arrows (Right to the Chest), noting how even behemoths in the space are susceptible to hubris...