In today’s briefing:
- Smartkarma Webinar | DeFi Options Protocols
- Is Bear Market over? Probably not
- Containing Contagion
Smartkarma Webinar | DeFi Options Protocols
For our next Webinar, we are delighted to welcome back Analyst Alec Tseung who will talk about the fundamental ideas of DeFi options protocols. Alec will introduce and go through the key aspects of the three currently leading protocols: Opyn Squeeth (OSQTH CURNCY), Ribbon Finance (RBN CURNCY), and Dopex (DPX CURNCY).
The webinar will be hosted on Wednesday, 6 July 2022, 17:00 SGT/HKT.
Alec is a Fintech & EM-focused Analyst. He previously spent time with Tencent, where he was responsible for the group’s investments in the overseas markets (Southeast Asia, the Middle East, and Europe). Prior to Tencent, he was in the Principal Investments team at Swiss Re, where he focused on driving the group’s investments into financial services and Fintech sectors in APAC. He has been responsible for a wide range of investments and transactions (venture/growth, buyout, direct secondaries, etc.) totalled >$5 billion.
Is Bear Market over? Probably not
- June: another painful month. The first half of June has been very tough. When markets understood that a 75 bps rate hikes was coming, they quickly reacted and the result has been a new sell-off.
- The S&P 500 officially entered into bear market.
- At the beginning, the 10-year Treasury Yield rose at a level close to 3.5%, but then it quickly went down:
Containing Contagion
- Three Arrows Capital Liquidation Ordered By Court – A court in the British Virgin Islands (BVI) has appointed financial advisory firm Teneo to handle the liquidation of troubled crypto hedge fund Three Arrows Capital (3AC).
- Celsius Clashes With Own Lawyers Over Chapter 11 Bankruptcy – Celsius, dogged by a liquidity crisis for weeks, has been resisting guidance from its own lawyers to file for Chapter 11 bankruptcy.
- Harmony’s $100M Hack From Compromised Multi-Sig Scheme – On June 23 the Harmony development team announced that $100 million was siphoned from the Horizon bridge.
Before it’s here, it’s on Smartkarma
