Some stats:
BLP liquidation volume: $1.4m
Users liquidated via BLP: 134
BLP PnL: +5bps
Insurance fund from liquidations: -0.2bps
Insurance fund from those trades: +2bps
The truth is that on most days, FTX's risk engine is overkill. We have like $2m of liquidations, a decent amount on BTC-PERP, with 3% room.
Today, I'm glad we put work into it: 101x leverage on DOGE and no problems.
https://help.ftx.com/hc/en-us/articles/360027668712-Liquidations…
