ENA's Reflections on Controlled Financial Management (Part 8) With the end of Season 4, let's do a little recap. This season's calculations and yt gameplay have basically been mastered by everyone, so let's discuss some things that might not be understood by all. In June, when the market was still in a bear phase, a collateral pool for pt usde was listed. Initially, Guage participated in a pool set to expire in July, but the interest rates often soared high, which frustrated him greatly. With no one stepping up to maintain the situation, Guage took the lead. Then, in the pool set to expire in September, Guage led a group of brothers from Xiamen and essentially controlled about 80% of the lending share. In this contest between Guage, the leader of the young Xiamen faction, and Super Jun, the leader of the elder faction (important fund pool providers), as long as they reduced the pool, Guage would repay the loans. This kept the lending interest rate consistently at 3% for nearly two months, allowing him to acquire ENA tokens at around 0.1u. (No matter the purpose behind the elders reducing the pool, whether malicious or unintentional, it objectively pushed up the interest rates.) At that time, the lista revolving loan was like a beam of white moonlight, allowing Guage to comfortably relax and play cards during the bear market. Until the bull market arrived, turning sweet into bitter. The continuous increase of the lista pool and the ENA official's guidance on revolving loans made it difficult for Guage's team to maintain control. In this round, Guage adopted a dollar-cost averaging strategy for hedging, hedging revolving loan tokens at 0.35u, while successively arbitraging yt at 0.4, 0.5, and 0.69. There were some mistakes made along the way. Ultimately, there will be 4 million airdrop tokens, but the profit is only 400k dollars. The prosperity of S1, S2, and S3 ultimately had to be repaid with the loneliness of S4. One can only reconcile with oneself. Additionally, when Pump was first listed, Guage made his first hedge, but the bet was wrong. Here, with nearly 10 new coins listed on Binance, Guage, seeing the end of the bull market, made another bet, targeting ENA.