david.powerstiering.eth
@powerstiering
So Ethena operates not unlike icETH that i have been a long time supporter, just some additional risk assumptions
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david.powerstiering.eth
@powerstiering
Instead of longing stETH and shorting ETH (essentially) you are long stETH and shorting ETH perps Similar risk assumptions but with the added risk of ETH perps now added
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david.powerstiering.eth
@powerstiering
ie you can't ever be perfectly delta neutral when you're talking two different assets even if they're "pegged"
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