Defi Frenzy - Big Players Trying to Keep Defi Alive (Patreon)

Hi team

my final note of March 12, 2023 and I do not believe in coincidences... let me explain why! 

Also so sorry about all that is going on but all of this is unprecedented. 

PLUS a big thank you to Sanjay who is on top of things 24/7 and believe me there is so much going on it is making my head spin. 

DEFI NEWS

The entire decentralized finance ecosystem experienced a massive stress test, leaving questions about DeFi’s exposure to centralized risks. 

In the midst of the chaos, funds and big players started shuffling money around in an on-chain frenzy. The Who's Who of Crypto are fighting back. 

BTFB Rem This

Bank Term Funding Program - created by the Fed for the Fed to paint over the damage wreaked. ie a huge source of liquidity to stabilize the banking system while banks are caught with the exposure to the NIM and long term bonds that are in the toilet right now

GLOBAL CRISIS PERHAPS

Meanwhile the series of events over the last week has gone global - Asian Lenders are tumbling at the moment. 

ENTER BARNEY FRANK 

Oh and in weird coincidences, guess who was on the Board lining his pockets - Former Rep. Barney Frank (D-MA) endorsed changes to his own Dodd-Frank law in 2018 that freed mid-sized banks from undergoing stress tests. He sits on Signature Bank's board, which just collapsed.  His Law was supposed to prevent this!!!  This is worse than a soap opera. 

and just like that...