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Kavita Gupta Consensys former member, discusses her macro reaction to all the embattled crypto lenders like Celsius Blockfi and highly leveraged hedge funds like Three Arrows Capital and their backer voyager, which was exposed to 3AC, as well as what's going on in space right now. She believes that this is a cascading effect, and that we are still leading the cascading effect from the lunar side, where it basically came down to other financial institutes that were paid for by celsius at the time, which led to 3AC.<br>
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Kavita GuptaConsensysformermember,discusses hermacroreaction toalltheembattled cryptolenderslikeCelsiusBlockfiand highlyleveraged hedgefundslikeThreeArrows Capital and their backer voyager,which was exposedto3AC, aswellaswhat's goingonin spaceright now.She believesthatthisisa cascadingeffect, andthat wearestill leading the cascading effect fromthelunarside,whereit basically camedown to otherfinancial institutesthat were paidfor by celsiusat the time,whichled to 3AC.
Oneof themostimportantlessons, according to KavitaGupta, Consensys,exmemberis the amount oftransparency ofliquidityandexposurewithrespectto botha DeFiprotocol and stablepoints. Furthermore,theleverage or buying and lendingthat is occurringin thespace required,anddoes that belongtotheonly investoronan investorupdatesite,ordoesit belongtothepublicwhois alsomaking decisions?