SeanMcOwen

@seanmcowen

Joined on Jul 13, 2021

  • Where can I get info on things? The knowledge management system has a lot of links You are encouraged to post in the general channel questions that a team member might have a lead on if KMS has nothing useful What if I am struggling with client expectations? It is important to define milestones early on in project to make sure if a client expands the scope they see that it was agreed upon before that a certain scope was talked about Often bringing up trade-offs between expanding scope and the current work helps center conversations around if a scope expansion makes sense If there is continued struggle with expectations, one can reach out to Nick to ask for next steps
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  • Written by Sean McOwen Executive Summary Some of the new ideas in decentralized finance are really just reincarnations of the same ideas from equity, fixed income, derivatives and other financial markets. Leverage and counterparty risk were what caused the Lehman Brothers collapse to have such a wide ripple effect to other banks. The highly leveraged Lehman Brothers defaulting led to losses on connected banks, margin calls on other mostly highly leveraged banks, a drying of liquidity within capital markets, and a death spiral of banks trying to cover and unwind all at the same time. This in one way is a contagion effect, but in another way is a feedback loop; banks are forced to sell to cover margin calls and liquidity needs, prices fall as a result, and then more margin calls and selling continues. How do this apply to crypto? Avoid re-inventing the wheel in terms of mechanisms
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