马里奥看Web3
Web3 开发者、研究员和作家 🧑🏻💻 继续学习和分享 #Web3 #Blockchain
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USDT has a negative premium, and holding stablecoins can still result in losses. How should we interpret this?
Amid the appreciation of the RMB, USDT is experiencing a negative premium. The author suggests that investors should not panic, but rather retain stablecoin assets and mitigate exchange rate losses through on-chain exchange rate hedging strategies (such as exchanging for Euro stablecoins).Beware of discount rate risk: the mechanism and risks of the PT leveraged yield flywheel of AAVE, Pendle, and Ethena
In general, the PT leveraged mining strategy of AAVE+Pendle+Ethena is not a risk-free arbitrage strategy, in which the discount rate risk of PT assets still exists. Therefore, participating users need to objectively evaluate, control the leverage ratio, and avoid liquidation.
In-depth analysis of the current market: The theft of large amounts of funds has caused market concerns and the resonance result of liquidity migration under the game between major powers
There are two main reasons for the current pullback in the cryptocurrency market. First, from a micro perspective, the successive hacker attacks have caused concerns among traditional funds and heightened risk aversion. Second, from a macro perspective, DeepSeek's open source week further burst the US AI bubble, coupled with the actual policy direction of the Trump administration, which on the one hand triggered market concerns about US stagflation, and on the other hand started the revaluation of China's risky assets.
The return of neoliberalism in the United States from Trump’s coin issuance: survival of the fittest and barbaric growth
"Trump's coin issuance" marks the official return of neoliberalism in the United States. Survival of the fittest and wild growth will become the main theme of this new era. More specifically, in the context of deregulation, Web3 will take up the banner of financial innovation in the new cycle of the United States.








