Engineering the Dollar from ETH and Perpetuals, with Ethena Labs founder Guy Young

<p>Lex chats with Guy Young - the CEO and Founder of Ethena Labs, the crypto infrastructure company building USDe which is the first-ever scalable stablecoin not reliant on existing banking institutions alongside a permissionless 'internet bond'. They discuss Ethena, a new protocol for the synthetic dollar, and the market dynamics around Ethereum and the concept of the internet bond. Young explains his background in distressed investing and the risks and mistakes commonly seen in financial services. They also delve into the mechanics of the perpetuals market and the funding rates, as well as the scalability and risks associated with Ethena. Young highlights the potential for the synthetic dollar to replace bonds in traditional bank accounts and the value of a crypto-native solution with different risk profiles.</p><p> </p><p>MENTIONED IN THE CONVERSATION</p><p> </p><p>Ethena's Website: https://bit.ly/3MDR1Td</p><p>Guy's LinkedIn profile: https://bit.ly/46gDDM4</p><p> </p><p>Topics: crypto, blockchain, defi, ethereum, perpetual swaps, stablecoin, synthetic dollar, steth, usde</p><p> </p><p>Companies: Ethena Labs, Ethena, Cerberus, BitGet, Binance, ByBit</p><p> </p><p>ABOUT THE FINTECH BLUEPRINT</p><p> </p><p>🔥Subscribe to the Fintech Blueprint newsletter to stay at the forefront of Fintech and DeFi: https://bit.ly/3hyhlC2</p><p> </p><p>🤝 Partner with Fintech Blueprint through sponsorships: https://bit.ly/3UZllsV</p><p> </p><p>👉 Twitter: https://twitter.com/LexSokolin</p><p> </p><p>TIMESTAMPS</p><p> </p><p>1’20”: Strategic Investments: Distressed Assets and Value Opportunities in Financial Services</p><p> </p><p>4’19”: Analyzing Collapse: The Underlying Mistakes Leading to Financial Institution Failures</p><p> </p><p>6’22”: Market Missteps and Innovation: The Human Element in Financial Risks and the Allure of Crypto Markets</p><p> </p><p>9’37”: Decoding Value and Innovation: The Dynamics of Ethereum Economics and the Future of DeFi Tokens</p><p> </p><p>16’40”: Balancing Returns and Risks: Understanding Ethereum's C