Looking forward to a conversation with @SBF_FTX later today.
I normally don’t crowdsource questions but this could go so many directions that I want to be sure to cover areas of greatest interest
Send ideas!
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Alameda makes markets across crypto - they are one of the largest recipients of new USDT. It's core to their business, which is why we should know: what collateral do they offer for new Tether issuance? Is it Cash? BTC? FTX CP?
yeah, first part of my question was referring to FTX, that's what i was referring to by "consumer protection" i.e. the users of the exchange. For Alameda is makes sense that they cant walk away but I want to know what their risk framework is like for thinking about it
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Got it, and agreed totally. Another q on consumer protection: What is going on with the FTX insurance fund? The balance didn't change for months and now it's disappeared.
@Alice_comfy -
It was a placeholder page. No idea whether they even such a system. FTX mainly works on the backstop system, not sure if many firms besides Alameda participate as BLPs.https://help.ftx.com/hc/en-us/articles/360027668712-Liquidations …
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