#STG #BIG #gem #defi

Price: $1.6
TVL ~ $1.4B (today +$0.5B) 💪
Mcap ~ $50m or so 🤏

https://dropstab.com/stargate-finance

#AlamedaTrabucco

There's been some chatter about the recent @StargateFinance auction, and I wanted to clarify a few things about Alameda's involvement.

https://twitter.com/alamedatrabucco/status/1506306851142615044?s=21

First off: we did indeed buy all the tokens. We love the team and what they're doing, and we believe this space and the technology they're building is really important.

https://twitter.com/alamedatrabucco/status/1506306852396617732?s=21

#AlamedaTrabucco #Alameda

Sam Trabucco stepping down as co-CEO of Alameda Research

«I will stay on as an advisor, but otherwise will not continue to have a strong day-to-day presence at the company.

The reason for that is pretty simple -- I can't personally continue to justify the time investment of being a central part of Alameda. Everyone works really hard here, and spending a "normal" amount of time at work is tricky -- especially when you're trying to be a leader.

0% remove myself from crypto without going into withdrawal, so I'll probably still be around here to some extent. I don't currently have other "projects" lined up or anything, but I wouldn't rule anything out in the future once I feel more «recovered».

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Previously:

▪︎ Alameda Research acquired $36.7 billion or nearly a third of all Tether produced.

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Sam’s quotes:

▪︎ …it has been nice to once again confirm the existence and efficacy of USDT's redemption mechanism! Alameda did a ton of 'em today;

▪︎ “sold” and “will sell” are not the same just like “bought” and “will buy” are not the same. When people hear “X bought” they tend to have thoughts like “buying means UP" but they tend not to remember “oh and maybe they’ll sell eventually”;

▪︎ have you ever seen su zhu and putin in the same room. It’s a joke….;

▪︎ I like how no one really knows what the word "recession" means;

▪︎ Starting to see a little chatter about this, so just to quell it before it gets worse, Alameda hasn't been selling UST and doesn't have any particular plans to…

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• Sam Trabucco | Tether | Tabasco

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