Dynamix is honored to invite Zhu Su, the founder of Three Arrows Capital and a major driving force behind the previous bull market, for an exclusive interview. In the interview, Zhu Su discussed the impact of Bitcoin halving on the market, the development of Layer2 technology, the trend of repledging race, and conducted a deep analysis of the decentralized algorithmic stablecoin USDe.
After being released from prison, Zhu Su shared his experiences in prison and his views on the cryptocurrency market after his release. He also gave his opinions on SBF, the founder of FTX, and Do Kwon, the founder of Luna.
During the interview, Zhu Su discussed the impact of Bitcoin halving on the market, the effect of the halving on altcoins, and provided insights for readers on what to expect.
Regarding the Ethereum ecosystem, Zhu Su pointed out that Layer 2 solutions have become more common, especially with the rise of “Roll up as a service” type of services. He also observed that fund flows have started to occur in perpetual contracts and decentralized exchanges.
Zhu Su talked about the repledging race, which Three Arrows Capital was very optimistic about in the past and conducted a lot of arbitrage operations through Lido. He discussed the risks and differences in the reward structure compared to native staking, and shared his views on the changes in this field.
After the Bitcoin halving, Zhu Su believes that the “stablecoin market” will be the next big narrative in the crypto space. He explained the strategy of Ethena, which involves using funds to buy Ether and short contracts, and returning the interest to users. He also mentioned other projects such as MakerDAO that are innovating in this field.
Zhu Su also discussed the future plans of OPNX exchange and OX.FUN platform. He explained that OPNX temporarily suspended operations not due to regulatory restrictions imposed by the Dubai government, but because the related products and markets were no longer attractive. He emphasized the need for creative and diversified approaches to attract users in the changed market environment, which is why he is now focusing on OX.FUN.
In conclusion, Zhu Su shared his thoughts on the risks of centralized exchanges and the importance of decentralized exchanges in the saturated market. He mentioned the lack of perpetual decentralized exchanges that accept multiple cryptocurrencies as collateral after the collapse of FTX, and the risks of selling certain cryptocurrencies for USD.
This interview with Zhu Su provides valuable insights into the ever-changing cryptocurrency market and showcases his passion and commitment to the crypto industry. The aim is to inspire readers to find their own position in this dynamic field.