Credit/Macro/Crypto Analyst, Former Credit/MA PM

Rose Choy

I have 20 years experience in credit and global macro both sell side (banking and trading) and buy side. Most recently managed multi asset and fixed income strategies. Crypto is my latest focus given huge inefficiencies and lack of quality research and insight. My crypto research will be through a trad-fi lens but with intimate knowledge in the crypto trading ecosystem.

A Quick Review of the Celsius Bankruptcy Filing

Yield Comparisons Across ETH Based Protocols

This Week in Crypto - Big Milestone for ETH

DeFi Options Protocols Series (#1): The New "Robhinhood" Of DeFi?

Crypto

<ul>
<li>The stETH/ETH ratio continues to drop  and the curve pool has become increasingly imbalanced.</li>
<li>Alameda, Amber and Celsius have been seen selling stETH in Curve recently. Celsius looks to be in a precarious liquidity position bordering insolvency that may bring on more stETH selling.</li>
<li>The stETH/ETH discount is driven by liquidity and the set up is for a potential good entry point in stETH. </li>
</ul>


The stETH/ETH ratio continues to drop  and the curve pool has become increasingly imbalanced.
Alameda, Amber and Celsius have been seen selling stETH in Curve recently. Celsius looks to be in a precarious liquidity position bordering insolvency that may bring on more stETH selling.
The stETH/ETH discount is driven by liquidity and the set up is for a potential good entry point in stETH. 


Ethereum

StETH- Is There a Trade?