...registering nexo's LINK shorts. In order to be conservative (assuming they shorted at decent prices), I used the assumption that they sold link at the highest price available on every given day.
Hope you enjoy.
I made a spreadsheet
Here's both addresses I used. They both receive link from the nexo wallet and then send it to FTX or Bitfinex.
>etherscan.io
>etherscan.io
Forgot to add. This only includes transactions made since may 2022.
is this good or bad, is there good or bad things going on from nexo and link in relation to retail holders are what?
so are they insolvent
why wasting times like this? What useful for us exactly? Nonesene speculate.
are you trying to suggest they will forced to buy higher or what was the point of this
Shut up Simeon you goblin looking faggot
holy fucking shit nubiz...
if you are this fucking stupid or you can barely put together a sentence that another human can comprehend than don't fucking post on this board you fucking retarded niggers.
ummm sweaty that's rude
listen you idiot I will making you piss gas I not knowing the guy
have to be pajeets or bots
Simeon Calm down guy. Otherwise I'm going to roast you on Twitter again. Or should I say (((Gene)))
how u know they are not earning/staking on ftx for 5-8% on their link and paying less on their own platform
This isn’t reddit, you obviously can understand them. Go fuck yourself
Why do you assume they shorted LINK or rather, have to buy back LINK?
They just sold LINK out of their treasury wallets. End of story. They won't buy it back.
They may have deposited it on FTX to get a return, but that only kicks the can a bit further down the road. If FTX is paying them 5-8% for that deposit, they (FTX) need to somehow generate income from the deposited LINK. How would they do that? Lending LINK. Lending to who? Or rather, who would want to borrow LINK? Shorts.
>They just sold LINK out of their treasury wallets. End of story. They won't buy it back.
Yeah, they must have chosen to dump US$10M worth of chainlink in a couple of months (the worst months in years btw), so they can buy other assets that have dumped less and have less potential upside. Makes perfect sense.
Nice work, OP. This means they already are under water. I'm patients waiting for their demise.
>They may have deposited it on FTX to get a return, but that only kicks the can a bit further down the road
at that point ftx is bearing the risks on the link shorts. remember the narrative here is about nexo being insolvent or soon to be because of their shorts.
>need to somehow generate income from the deposited LINK. How would they do that? Lending LINK. Lending to who?
if u check the treasury wallet they took alot of link out of defi in the past 2-3 months. i think they dont want to keep it stagnant on their wallets if lets say FTX is paying yield on the asset. What ftx is doing with it is just speculation maybe they are willing to bear the risk on defi better than nexo. who knows.
Ah great so we beat the small guys and now we have to be able to beat king Jew of crypto himself? I thought the Bankman liked LINK
so is the token needed?
for the initial funding of chainlink, yes.
for anything after that point? no evidence it is so far.