Coinbase Crushes Earnings and Our Thoughts on Ethena's High Yield Synthetic Dollar | Analyst Round Table

0xResearch

In today's analyst roundtable Sam, Ren, Matt, and Brick dive into the latest market happenings including Uniswap's incentives for deploying on new chains, Vertex's new product launch to share liquidity, and GMX's point multiplier alterations. The team then unpacks Coinbase's impressive Q4 earnings and Starkware's controversial token unlock schedule. To close out the analysts asses the viability of low token floats and high fully diluted valuations and examine Ethena's 20%+ yielding synthetic stablecoin based on a delta-neutral strategy. Stay tuned for all this and more!

As always remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice.

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Resources

https://ethena-labs.gitbook.io/ethena-labs/

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Timestamps:

(0:00) Introduction

(1:06) Uniswap Incentives for New Deployments

(7:12) Vertex Launches Edge

(10:44) GMX Points Multiplier Modifications

(17:36) Pyth DAO Constitution, Jito Proposal Threshold, and Spark Borrow Limit

(19:16) dYdX Segment: dYdX Foundation

(25:18) Coinbase Earnings Reviewed

(37:44) DAS London Ad

(38:51) Starkware Airdrop

(41:59) FDV is a Meme?

(51:13) Ethena: Return of 20% Yield Stable

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.