Zhu Su: There is a possibility of the exchange surrounding Ethena
2024-04-02 04:42:34
Zhu Su posted on the X platform stating that the biggest advantage and disadvantage of Ethena is only game theory. Initially, the exchange benefited from Ethena's lock up and became an investor. Later, Ethena's scale became large enough to even dominate. At this point, capital flowing from one exchange to another may lead to a run on the exchange. If jealousy of Ethena's power begins to worsen, there is a possibility that the exchange will collude to capture Ethena. Ethena can compete directly with the exchange by providing perpetual products (Perps) on its own platform.
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