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Rekt TV Interview: Everything you want to know about SBF is here
Summarized by AI
Original title: "Rekt:TV - SBF VS JULIEN BOUTELOUP"
Original source: Rekt
Written by: 0x26
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Hunting : What did the giant whales under the collapse of DeFi tokens” after the article was published, it attracted a lot of attention. The two giant whales in the article—BlueKirby deleted his Twitter account (Rhythm Note, BlueKirby recovered his account before the publication of this article.), while SBF directly replied to Rekt on Twitter, expressing his disapproval of some of the content in the article different opinions. In the interest of impartiality, Rekt extended an interview invitation to SBF to discuss key issues.
Discussions in the interview include: How do you distinguish between Alameda's and FTX's activities? What do you disagree with the previous article? What do you think of the SushiSwap incident, some people think you are Sushi's Chef Nomi? Do you think you are a hero or villain in the cryptocurrency space? etc.
Rekt met with SBF, and on the 21st, the host Julien Bouteloup (Crypto Twitter) and SBF conducted a long The interview lasted for an hour and a half, and the content of the interview covered many aspects. Rhythm organizes part of the interview as follows.
About Alameda and FTX
Julien: How do you differentiate between Alameda's and FTX's activities?
SBF: The business focus is different, and Alameda is a quantification company targeting cryptocurrency-related businesses such as arbitrage, market making, and OTC company. FTX is a centralized derivatives trading platform. There is still a big difference between the two.
Julien: How do you ensure that sensitive information about FTX clients doesn't end up in the hands of the Alameda team?
SBF: The Alameda team does not have any special way of getting information, and my team and I will not do this Disgusting thing. And in the long run, this is not a profitable strategy, because it is not conducive to the platform value and development of FTX.
About staking FTT in CREAM and lending UNI and YFI
Julien: In response to the content of the previous article, the community accused you of using centralized FTT and SRM as collateral to mortgage CREAM to go out with centralized DeFi tokens (YFI, LINK). Do you have anything to say? ?
SBF: First of all, I think this is a very complicated situation, and I cannot guarantee to give a completely correct answer. Because the CREAM platform has been designed according to that logic, I just want to say that the views in the previous article are biased, just like the voting on FTT, I think the description of this part is relatively bad.
Julien: Tell me what happened to CREAM? Looking at the comments, it seems that some people are very angry. Because you took 80 million worth of centralized tokens (FTT, SRM) to mortgage on CREAM, and lent other decentralized DeFi tokens (YFI, UNI) and transferred them to Binance. It looks like you're shorting these coins, but you say you didn't. Of course, a good trader is to make the right trades. As a trader, I can understand you. Do you have anything to say?
SBF: Regarding short selling, I know this is what everyone is most concerned about. First, lending does not necessarily mean shorting. The loaned tokens can be used for liquidity mining or to provide liquidity (the income of lending these tokens to participate in liquidity mining is higher than that of USDC stablecoins).
Julien: Why didn’t you use multiple wallets or more covert methods? Do you want to use influence to achieve your own goals?
SBF: That was never my intention. And let's be honest, with such a large amount of FTT, there's no way there's any way to be completely private without being detected. It is actually more detrimental to us to enter the public eye. You need to know that in the field of DeFi, in order to obtain high returns, sometimes we really need some specific assets (tokens). The last thing I want to say is that sometimes assets need to be hedged. If you hold a large number of long DeFi positions, the larger the position, the greater the exposure to downside risk, so some assets are needed for hedging. (For related content, please refer to "DeFi investment strategy of SBF, founder of Shenpa FTX")
About SushiSwap
Julien: I want to hear your opinion on the SushiSwap incident. So did you get SushiSwap’s private key pair without communicating with Chef privately?
SBF: I have to say that when that incident happened, the entire industry was shocked, and the community was very anger. Seems like what he's doing isn't very ethical, it's like he (Chef) is stealing the dev money from the whole team by himself.
I am closely following the development of the SushiSwap project, but have never communicated with Chef before either. This all happened live on Twitter regarding the handover of the private keys. Of course, I have not participated in the development of SushiSwap.
Julien: Some people say you are Chef.
SBF: I have indeed heard the rumors, I was entrusted with the task in the darkest hour of Sushi and did my best Do whatever is right for SUSHI.
It was a really crazy day, and it was really hard to figure out what was going on in the midst of things. I was actually sleeping during that time, and someone woke me up and told me what happened, and I posted a long post, and Chef Nomi said he was willing to hand over the private key.
Julien: Have you ever received a private message from Hayden (Adams)? people)
SBF: No. While I have some interaction with him on Twitter, all of our interactions are public.
Julien: I guess he doesn't like you taking over SushiSwap.
SBF: I can only guess that you are probably right, he doesn’t like someone taking over SushiSwap and wants to see until it gets worse.
Julien: So is it because of SushiSwap that prompted Uniswap to release UNI tokens?
SBF: I guess so, and this is also everyone's guess about Uniswap's currency issuance. But I'm not sure what the real reason is, and I don't have any more information than the rest of the community.
Julien: So are you still helping SushiSwap to promote its development. Or just as a liquidity provider?
SBF: Oh, this is a good question, you know, this is a decentralized platform, many have Talented people are helping it develop. After handing over developer funds and multisigs, I was more of an advisor, providing ideas or combing tweets to help the project grow. I will contribute to the platform according to the priority, but will not spend extra time on development (Building stuff on it).
About SBF myself
Julien: Did you join the industry during the 2017 ICO frenzy?
SBF: Not all, I joined this industry in the fall of 2017, during which time ICO activity has dropped a lot .
Julien: You think you are a hero in the cryptocurrency space Or a villain?
SBF: First of all, I think it is about my own ideas, values and beliefs. I'm excited to be a part of this industry. The most important thing is that I think I am trying to build a product that I think is the best. I think it's important for the industry as a whole.
Julien: You are still Effective altruist?
SBF: Of course, all this money will eventually be donated Get out. (All this money's going to get donated in the end )
Julien: CZ (Binance) invested in FTX? ;
SBF: CZ does not participate in the operation/management of FTX, and there is no control. CZ is only an investor, and FTX is completely independent.
Julien: Do you cooperate with BitMex?
SBF: Of course we can cooperate with them, but currently BitMex has no intention of cooperating with other trading platforms. Some trading platforms stick to their own fields and rarely cooperate. Apparently BitMex adopted this strategy.
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