{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Big Brain Podcast","title":"Breaking down crypto's biggest ever liquidation event with Wintermute founder Evgeny Gaevoy","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/61cb3ecc\"></iframe>","width":"100%","height":180,"duration":2695,"description":"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.\n\n\n\nOUTLINE\n00:00 Introduction\n\n00:45 What Happened?\n\n04:46 Understanding ADL\n\n12:25 Transparency and Privacy on Hyperliquid \n\n16:35 Circuit Breakers\n\n19:16 Occam’s Razor\n\n21:25 Assessing the Damage\n\n25:24 Lessons learned\n\n28:39 Looking Ahead\n\n30:21 A Maturing Market\n\n32:13 Dealing with Extreme Volatility \n\n35:19 Impact on DeFi\n\n37:28 Wintermute as the Crypto Villain\n\n41:47 What else does Wintermute do?\n\n44:11 Conclusion\n\n\n\nGUEST LINKS\n\nhttps://x.com/evgenygaevoy\n\nhttps://x.com/wintermute_t\n\n\n\nThis episode of the Big Brain Podcast is brought to you by our sponsor, Canton Network.\n\n\n\nAre you hiring in crypto?\n\nUse Campus to quickly find your best candidates with our challenging Crypto Assessment Test.Faster hiring, stronger teams.\n\nSign up for a trial today: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠theblock.co/campus⁠","thumbnail_url":"https://img.transistorcdn.com/I18BSwYwgXvhi2APDN66HFv8nCBB1waiEpBXfE8G4Vg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81MjRi/Mzk1OGEwY2ExMjJh/YmQwMmRjYTU1MWIw/ZjRmZS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}