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Preliminary feasibility study on shorting Ena, first bullet
Ena, the coin, is basically worthless. Initially, it only has points and governance functions, but no specific dividend rights. The project economic model is more like a conspiracy feast for authorized investors to divide the market.
Using the hedging model, the giant aunt was sold directly without crashing the market. Haha. Huge liquidity was taken. There is also exaggerated interest. Then, someone must pay the bill in the end.
The cleverness of Ena is that it sells expectations. In the next stage, it will continue to launch BTC mortgage coinage, and even the coinage rights of more assets in the future.
Institutions and big investors hold huge amounts of cryptocurrencies and cannot sell them at a discount. But Ena provides them with a very good opportunity to cash out.
It's chilling to think about it carefully. The day when USDE is decoupled is when many retail investors will take over. However, institutions and big investors should be fine, after all, they have enjoyed high interest rates for a long time and have sucked blood.
Therefore, the logic of shorting ENA is fine, just wait for the scale of USDE to continue to expand and the risks to continue to accumulate.
Many DeFi protocols have been linked together, MakerDAO, Pendle, Ethena, once an avalanche occurs, shorting a basket of coins is more certain. As for the coin to hedge long, Bitcoin is recommended. Ethereum is more likely to become the detonation fuse.
However, there is no need to worry too much. Before the aunt creates a new high, everything will be temporarily safe.
Ena, the coin, is basically worthless. Initially, it only has points and governance functions, but no specific dividend rights. The project economic model is more like a conspiracy feast for authorized investors to divide the market.
Using the hedging model, the giant aunt was sold directly without crashing the market. Haha. Huge liquidity was taken. There is also exaggerated interest. Then, someone must pay the bill in the end.
The cleverness of Ena is that it sells expectations. In the next stage, it will continue to launch BTC mortgage coinage, and even the coinage rights of more assets in the future.
Institutions and big investors hold huge amounts of cryptocurrencies and cannot sell them at a discount. But Ena provides them with a very good opportunity to cash out.
It's chilling to think about it carefully. The day when USDE is decoupled is when many retail investors will take over. However, institutions and big investors should be fine, after all, they have enjoyed high interest rates for a long time and have sucked blood.
Therefore, the logic of shorting ENA is fine, just wait for the scale of USDE to continue to expand and the risks to continue to accumulate.
Many DeFi protocols have been linked together, MakerDAO, Pendle, Ethena, once an avalanche occurs, shorting a basket of coins is more certain. As for the coin to hedge long, Bitcoin is recommended. Ethereum is more likely to become the detonation fuse.
However, there is no need to worry too much. Before the aunt creates a new high, everything will be temporarily safe.
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ENA
1.0033
-4.73%
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