cryptorex.eth@crypto_rex·Jul 29, 2019@SBF_Alameda what thoughts on thisreddit.comFTX leveraged tokens will scam youThey have huge negative convexity Basically if you are long those leveraged notes and BTC does 10000-9000-10000 or 10000-11000-10000 you are...1
cryptorex.eth@crypto_rex·Jul 29, 2019I think its pretty misleading maybe get your colleagues at @FTX_Official to add some clarity1
SBF@SBF_FTXReplying to @crypto_rex and @FTX_OfficialLeveraged tokens do well in momentum markets and bad in mean-reverting markets. So while they lose if markets go 10k 11k 10k, they gain MORE THAN 60% if markets go 10k 11k 12k (more than 3 * 20%)8:19 AM · Jul 29, 2019·Twitter Web App2 Likes
