SBF on Twitter: "@josebaredes yup! There's even an open program for this: https://t.co/fpp9SfBKSh FTX has a few BLPs" / Twitter

theblockcrypto.com/daily/96967/kr probably cascading liquidations + not enough liquidity

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Has Alameda ever provided backstop liquidity on an FTX pair so that a flash crash like this wouldn’t happen? Since it has a vested interest in FTX’s success it might made sense to sacrifice a few bucks in the short term for more in the long run.

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yup! There's even an open program for this: help.ftx.com/hc/en-us/artic FTX has a few BLPs

help.ftx.com

Backstop Liquidity Provider Program

Participating in Backstop Liquidity Provider program means that you pledge to take on the positions from accounts near bankruptcy.As part of this program BLPs are required to keep a minimum of $500...

1:38 AM · Mar 4, 2021Twitter Web App

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Hey

you should take some notes on this one 📝

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