EP15 - The DCG & Genesis merry-go-round and Gemini lies
We review the leveraged trades within the DCG & Genesis merry-go-round and analyze Gemini's Winklevoss cries for help as he tries to absolve him from accountability
🤔 We explore the relationship between Gemini Exchange, its "Earn" program, Genesis Lending, and the role of Grayscale's Bitcoin & Ethereum trusts in what appears to be a perpetual leveraged merry-go-round.
Note to listeners: In the intro, I stated “it’s the 3rd week of January 2022”, which was a mistake. It’s 2023! oh, how time flies.
🚀 In this podcast we review:
The complex relationship between Gemini Exchange, Genesis Trading, and Gemini’s Earn program
Allegations of conflicts of interest between Genesis and Grayscale
Questionable lending practices of Genesis
📚 Supporting content:
📹Watch the podcast on youtube:
Frontrun predicts the future of money and technology
Cover art generated by DALL-E: “A roman art drawing of Leonardo da Vinci convincing Claude Monet to lower the collateralization requirements of his bitcoin loan in exchange for a higher interest rate”