Thread by @choffstein

It’ll be interesting to see how hedge funds on the block chain try to maintain “secrecy.”

e.g. If you know Alameda’s wallet address (debank.com/profile/0x84d3…), you can watch where they send their money and the contracts they interact with.

(continued…)

e.g. You can track that they recently moved money to MATIC and are farming at Adamant Finance (apeboard.finance/dashboard/0x84…)

The project’s discord is currently quite concerned about Alameda just nuking the reward token to $0 as they sell.

So what do hedge funds do?

Try to stay under the radar with a lot of smaller wallets? Possible for new funds, perhaps.

But I believe there are cryptographic ways in which two parties can “mix” assets and then obscure who owns the wallets the money is paid to on the other side.

(I believe I watched a video from Ari Juels on this.)

So you could have “anonymization” as an service.

You could also have them just move it all to a centralized exchange, and then resend it to hundreds of tiny wallets.

Probably easier than the above idea.

Equally fascinating that, at the moment, Alameda doesn’t seem to care much.