ena's belief fuel: Hold on for 1-3 months, give yourself a price, and get off at the right time

Original title: Ethena Thesis—The Internet Bond

Original author: José Maria Macedo

Original source: medium

Compiled by: Rhythm Worker, BlockBeats

Delphi, one of the "Midnightcaps" of the last crypto bull market, became famous for betting on GameFi's originator Axie Infinity and algorithmic stablecoin Terra Labs (consisting of governance token Luna, algorithmic stablecoin UST and DeFi protocol Anchor, etc.) in the last bull market. At the same time, it was also hit hard by the collapse of UST. Even former team member Larry lost most of his funds in the crypto field in the Terra ecosystem project Anchor.