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Noah Bragg 🔥
@nbragg
Hey @pinged, What’s the chances that Ethena has a crash like Terra Luna did?
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Mitchell C
@macroguy
We can argue whether $ENA is the next $LUNA. One thing we can’t deny is that it’s centralised AF. We gunna deposit into a protocol that takes our assets to a CEX for funding rates? That is bonkers imho Bull market means ethos and etiquette is forgotten.
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Noah Bragg 🔥
@nbragg
That is a really good point. We are putting a lot of trust into some operators.
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Mitchell C
@macroguy
Andre Cronje (of Fantom) wrote a long form post on X on why ENA is high risk - hope this helps! https://twitter.com/AndreCronjeTech/status/1775398490404724914
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