FTX is now doing a spot-margin borrowing/lending product which lets users:
- earn interest by lending into pool
- borrow to do margin trading on spot
can't seem to find though any orderbook for matching (so i think it's just a pool), and if you lend out, you are locked for 6 hr
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just got linked to this explainer now which has cleared up some stuff -- so even if a user doesnt have "spot margin" enabled on account, they still go into USD negative and become a borrower right? and they are price-taker of whatever lenders have up
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So I think right now we're still using the old negative USD balance rules but will probably transition it over at some point
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