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Delz @Delztheplug on x XXX followers
Created: 2025-07-26 13:15:41 UTC
@ayyyeandy this just amplifies the central risk. The entire system is a bet on a positive funding rate. In a prolonged bear market with negative funding, as we saw for months in 2022, doesn't Converge just become a hyper-efficient way to accelerate Ethena's death spiral?
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