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SBF
@SBF_FTX
1) What does this mean in practice?
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SBF
@SBF_FTX
5) And we think that the margin model is safe and conservative: real time risk engines mean you neither have to preemptively liquidate days early, nor risk positions going underwater for days. ftxpolicy.com/ftx-guaranty-f
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SBF
@SBF_FTX
2) Well, over the last week, we've seen a 40% market move. In the past *day*, more than $50b has traded on FTX. How has the risk engine performed?
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SBF
@SBF_FTX
3) It's been operational the whole time, 24/7. It requires about 10% of the initial margin as current US futures exchanges do. (FTX US Derivatives would be more conservative.) Have there been any mutualized losses? Fuck no.
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SBF
@SBF_FTX
4) As always, insurance fund activity was small. Today was the highest volume day in crypto history, and insurance fund needed way less than 1% of the guaranty fund we've preemptively created for FTX US Derivatives. And that's all _our_ skin in the game, no one else's.
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Paweł
@LearnThanDo
Replying to
@SBF_FTX
In this whole topics i see something like Your team working about susd or smth? Interesting, i hope sol be bigger than bnb
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Lamps ☀️ ◎
@cryptolamps
Replying to
@SBF_FTX
Idk what happened but got liqd on a sub acc because literally couldn't place any market orders to close out a position, failed multiple times Limit orders just went to the bid with no chance of being filled. This part of it working as intended too?
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