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SBF

@SBF_FTX

May 5, 2020

Replying to

@IamNomad

@CryptoGainz1

and 2 others

That would be cool--we thought about something like that for BLPs, didn't do it because it seemed a bit too complicated and we were worried that a complicated system is exactly what you don't want when shit's going crazy.

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Replying to

My bad :) Yeah mostly I worry that when things are breaking down no one's bots will really be bidding very well for liquidations, but still might be worth it

Replying to

A weird fact is that in practice even BLP has been a tough sell--lots of people say they want it, but few will bother with the work necessary for it.

Replying to

what work is necessary for it? i’ve been exploring it seriously and don’t mind work / leveraging hired help.

Replying to

it’s a ridiculously attractive offering

Replying to

Not a ton! But the notion of forced fills doesn't fit into most peoples' risk frameworks

Replying to

risk is a wonderful word. is there a resource i can explore the work entailed? i’ve read everything about the program itself but no clue pragmatically how to utilize it.