Glad I got to meet Shankar & Antrea in person, & spend a little time with them. They’re the real deal. I appreciate their contributions to our crypto world, & their great attitudes. Thanks & keep the content coming.
What new jurisdictions are you looking at for more crypt friendly? Besides PR, since you met w/ SV bank guys. Can u do video of that, as authority on strategy, would help also grow your channel.
Did trump specifically mention 0% capital Gain or ramp out btc to usd, cuz only heard rfk said this would be his policy. Trump was vague, did u hear trump say anything on zero capital Gain tax? (firing gensler is fine).
Hey!!!! Lovely to see some of the faces of the Herd!!! Thank you Shankar, not only you explain things wonderfully but you also have a great sense of enterteinment.... haha!!! ¡Un abrazo! from Spain...❤👏
Great video, Shankar. Thanks for including me. You are an amazing individual & a vital contributor towards the success of crypto. Glad I got to meet you & look forward to the next time.
ITs clear HOWEVER for some reasons I don't have the "Configure Custom Streaming Service" button below the options once I saved the scheduled meeting. All I see is " Start", "Copy invitation", "Edit", "Delete". And above that I see "Convert this meeting to a Webinar"
Thanks for the video. Very informative. There were people who were overleveraged...but there were also people like myself who were only around 15%...who were following the plays "safely"...and who went to bed thinking everything was fine and woke up with nothing. This is defi, it happens. After the multiple adjustments needed for Futures (because of people's greed), I'm surprised no one thought that greed would be a problem with this! Yes, we live and learn, but a lot of minnows get hurt along the way. Perhaps we should slow down a bit and think things through more...
Hi Shankar, I am one of those who supplied USDC in Solend. However, my supplied USDC has shed off 30% of my total supplied. I have no borrowings in Solend. Will this be returned back to me or to others lenders as well who lent their money? Thanks
I am in the same situation. BT has yet to make a final statement about what is possible in that regard. In business, we classify that as a bad debt which is very unlikely to be recovered. I know that sucks a lot! I personally had my quarterly tax estimate funds in there.
Thanks. But, is this fair if I may asked? It has used our hard-earned money by taking our money out from our account without our knowledge? Hope you can raise this issue and BT can repay back our money. Thanks again.
@@nelsongutierrez8668 I don't think it's fair but life is not always fair. It's also not fair that we are privileged to understand DeFi and others don't. I have become a successful entrepreneur outside of crypto not because I got upset about unfair situations; instead I use each setback to learn and improve.
Discussing fair and unfair? LOL. This is clearly theft, nothing else. By the way it is too obvious who is the initiator of this "exploit" and in the video you betray yourself several times but for your luck so many people are dumb enough not to even notice it and believe in your innocent angel community 😂 But hey.. nobody can be blamed.. It's the "system" which could not defend the "unforseeable" bad actor 😂
you can check out Dex Screener. it has a part where Token Sniffer is used partly to check whether the contract leaves a possibility for rug pull by checking if a few people hold large positions. at least you'll know what risk you're dealing with.
"bad" actors, is actually very foreseeable. If I remember correctly you said you said you use to work in finance fraud? I might be getting you mixed up with another individual. anyway, it's a open system, it's not exclusive. So with that in mind we can use use mathematical game theory to analyze and examine a wide range of various outcomes. that amount of increased risk and the lack of understanding of those risk and the lack of technological understanding increases the probability of such bad actors. apply that with hyperbolic price movements and influencers pitching the idea to take on debt to bye more trunk, makes it the perfect recipe for disaster. it's not like this came out of no where. for 2 weeks now I have been mentioning that liquidation is a major risk of concern in the discord.
I don’t follow discord but you were clearly right to raise your concerns. I trust that we will learn as a community and adjust a few things to mitigate this from happening again. I most certainly was taken by surprise on this one but I have hedged my risks.
@@SHANKXThe problem is in the middle of those "adjustments" lots of people got rekt and cant even play the game anymore, myself included. Im pissed to say the least for not trusting in my own judgement that this was risky af and also for following "influencers" recommendations. Hate myself and hate everyone right now.
Dear Shankar, Thank you for your clear explanation in this video. My heart is sadden to those who have loss their money in their investments. I've been in leveraged trading before in the past, and I know how greed sometimes caused some investors to make stupid decisions especially when they do not know the risk. Anyways, I hope to see you in Singapore in September.
The "Infinite money loop" didnt even last a month and a lot of people got severely hurt in the process, myself included. Wish i never touched my Trunk bag and just left in on BSC.
It’s even worse than I thought it would be. This pool collapsed overnight. People who supplied USDC got screwed because the remaining debt became socialized.
I am actually fine because I sold 25% of my position when the crash happened. All the gains were used to repurchase at the bottom just moments ago. In DeFi you have to always be alert and reactive.
And now all of the USDC which has been supplied is borrowed so you cannot withdraw. People who loaned their TRUNK for USDC have moved it out. Here comes the crash.
@@SHANKX you literally cannot withdraw any deposited USDC right now from that Trunk / USDC pool. It’s over. This pool isn’t for anybody. Other pools with more realistic returns are fine.
I’ve been making a lot of losses trying to make profit trading crypto. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Keep your Trumpet if you are willing to leave it in there for at least 2 years. Current APR is around 15%. He was not too prescriptive about that. DYR/NFA
Also there is risk here if TRUNK would suddenly drop in price, say, to 40 cents from currently, $1.50. There wouldn't be enough collateral to pay back all of the USDC so the pool would be stuck with the debt. This may or may not be likely to happen but it is a risk of supplying USDC to this pool, you depend on the value of TRUNK not suddenly dropping.
Over leveraged accounts liquidate automatically to cover liabilities. Of course, there is a certain risk involved. I embrace risk. For you, I recommend you stay out of DeFi.
Not true. Someone has to be running a liquidity bot or people have to do it manually. You get rewards for running a bot or manual liquidation but this is NOT “automatically done by the pool”
@@dpav02 Good to know. In that case I can guarantee you that such a bot is set up in place for this pool. I will dig deeper to find out the details. As you may know, this pool was set up by a DeFi veteran. BT is a well seasoned fintech savant and has taken care of such basics.
@@SHANKX It definitely detracts from the experience for me, and I suspect for many. I know it's very common to include it these days, but I find it so irritating and distracting that in many cases i just stop watching the video. I wish it were possible to just switch it off and enjoy the conversation or presentation in peace.
