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9) In crypto, risk engines run in real time--managing risk, mitigating losses, and ensuring that collateral is transparent and real.

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Apr 15

1) This is what a real-time risk engine looks like: Total lifetime draw < $10m, max daily draw $4.7m. If we asked for 15% margin: Total lifetime _gain_ of $45m, max daily draw $1.6m.

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10) The digital asset ecosystem doesn't gate early access on wealth, instead quickly creating real market prices for assets and broadening distribution and price discovery.

11) And open network blockchains allow people, groups, and companies to build, combine, and innovate directly onto the network--composing seamlessly with other applications.

12) The innovation that we've seen in the crypto ecosystem isn't riskless: open innovation combined with easy market access can lead to more scams, and clearinghouses can fail. twitter.com/TheStalwart/st Which is why we need federal oversight.

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Joe Weisenthal

@TheStalwart

Apr 25

I think SBF explaining yield farming and then Matt’s reaction to it will go down as one of the all time, most iconic moments on Odd Lots. bloomberg.com/news/articles/

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13) We need to have transparency, anti-fraud controls, and checks that customers understand the products they're investing in. ftxpolicy.com/disclosure-and

14) And we need federal oversight and licensure of crypto exchanges--especially clearinghouses--to make sure that the risk-reducing innovations in risk models aren't canceled out by other negligence. ftxpolicy.com/ftx-clearingho

15) And while most current sanctions compliance in the digital asset ecosystem is robust, the same mandates that compliant venues face have to be extended globally. ftxpolicy.com/sanctions-comp

16) Things aren't perfect. Innovation rarely is. So we take one step forward after another, and day by day we get better.

17) Because at the end of the day, I strongly believe that the digital asset ecosystem presents a better way forward for our markets. A more innovative, more equitable, and more transparent alternative, where open systems replace monopolies.

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