Breaking down crypto's biggest ever liquidation event with Wintermute founder Evgeny Gaevoy

About this episode

The episode features a discussion with Wintermute founder Evgeny Gaevoy about the recent historic crypto crash and its implications.

In this episode of the Big Brain Podcast, Larry and Namik are joined by Wintermute Founder and CEO Evgeny Gaevoy to discuss the recent historic crypto crash, explaining how extreme leverage, exchange failures, and forced ADL liquidations led to market chaos and liquidity breakdowns across the ecosystem. OUTLINE 00:00 Introduction 00:45 What Happened? 04:46 Understanding ADL 12:25 Transparency and Privacy on Hyperliquid 16:35 Circuit Breakers 19:16 Occam’s Razor 21:25 Assessing the Damage 25:24 Lessons learned 28:39 Looking Ahead 30:21 A Maturing Market 32:13 Dealing with Extreme Volatility 35:19 Impact on DeFi 37:28 Wintermute as the Crypto Villain 41:47 What else does Wintermute do? 44:11 Conclusion GUEST LINKS https://x.com/evgenygaevoy https://x.com/wintermute_t This episode of the Big Brain Podcast is brought to you by our sponsor, Canton Network. Are you hiring in crypto? Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.Faster hiring, stronger teams. Sign up for a trial today: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠theblock.co/campus⁠

People in this episode

Hosts: Larry, Namik

Guest: Evgeny Gaevoy

Topics covered

• crypto liquidation
• market chaos
• liquidity breakdown
• extreme leverage
• exchange failures
• ADL liquidations
• crypto market analysis

Keywords

• crypto crash
• liquidation event
• market volatility
• ADL
• transparency
• circuit breakers
• DeFi impact
• Wintermute

Sponsors

Canton Network

Mentioned in this episode

Organizations: Wintermute, Hyperliquid, DeFi

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