This point is intuitive: as real interest rates continue to decline, speculative activity in the cryptocurrency market accelerates, while the long-term demand for leverage increases, driving funding rates up, ultimately boosting Ethena's harvested yield

Special thanks to volunteers Liraz Siri, Janine Leger and Balvi for their feedback and reviews.

In the third week of November alone, four listed companies added billions of dollars of collective debt to their balance sheets to buy Bitcoin, namely MicroStrategy, MARA Holdings, Semler Scientific and MetaPlanet. In addition, MicroStrategy has sold more than $6 billion in convertible notes to buy Bitcoin this year, and hedge funds have bought them for arbitrage bets.

You must pay for conformity. All goes well as long as you run with conformists.

But you, who are honest men in other particulars

whee

@whee