Arthur Hayes' Maelstrom Hedges U.S. Election Uncertainty With Staked USDe; Holds Large BTC, ETH Bullish Bets

"Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%. We maintain our large long positions in Bitcoin, Ether, and other tokens."

"The fund's allocation in the delta-neutral product will guard against potential market price swings in the lead-up to the election on Nov. 5 and results, due three days later on Nov. 8."

Read at Coindesk