FTX Contagion Spreads as Australian Hedge Fund Defaults

The video discusses the spread of the FTX implosion into decentralized finance (DeFi). Initially, DeFi was relatively unaffected due to its structure, which relies on smart contracts and user control over assets. However, the impact is now visible in lending protocols, specifically involving a Sydney-based hedge fund, Orthogonal Trading, which defaulted on a $36 million debt to M11, a sister company of Maple. Although the transaction size is small, it highlights the spreading influence of the FTX collapse.

What has helped DeFi remain relatively unaffected by events like the FTX implosion?

• Lack of regulation

• High transaction fees

• Smart contracts and user control

• Centralized control of assets

Which company is associated with the lending protocol affected by the FTX implosion?

• FTX

• Orthogonal Trading

• Coinbase

• Binance

What is the name of the lending protocol mentioned in the context of the FTX impact?

• Maple

• Uniswap

• Compound

• Aave

How much was the defaulted transaction that occurred due to the FTX implosion?

• $100 million

• $50 million

• $36 million

• $10 million

In the broader context of the FTX contagion, how is the size of the defaulted transaction described?

• Very large

• Moderate

• Significant

• Relatively small