Currently, MakerDAO holds 82% of the $GUSD supply after their partnership with Gemini to receive 1.25% yield on it

What if Gemini Earn assets, part of which are supposed to back $GUSD, were loaned out to Genesis and they lost it, hence the stablecoin isn't fully backed anymore? what would be the implications to @MakerDAO ?

this is the response of a risk core unit team member btw after questioned about it a month ago

i think he didn't expect @cameron's tweet today, which clearly implies that Gemini's situation is way worse than people initially thought

1/ The Shangai Upgrade is coming, and with it there's an emerging LSD narrative (Liquid Staking Derivatives)

here's the most important info regarding every ETH LSD: 2/ Despite having a considerable market share, Stakewise and Stafi market caps are still under $20m

their tokenomics aren't the best though, as there is still a considerable portion of the supply to be unlocked as team/investors' allocation and liquidity mining rewards

1/ Here is an overview of the Real Treasury of the top protocols, without considering their native tokens

this is the best proxy to evaluate a protocol's financial health and ability to withstand the bear market , a thread: 2/ if we consider native tokens, their financial health may look much better, but in reality these protocols aren't able to cash it out since trying to sell as little as 10% of the treasury would make their token crash as far as 90%,so the numbers below are simply a facade