[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![Delztheplug Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1077606722699755521.png) Delz [@Delztheplug](/creator/twitter/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?


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949096284339482829/c:line.svg)

[Post Link](https://x.com/Delztheplug/status/1949096284339482829)