A possible set of solutions is: - temporarily reduce max leverage on the pairs without changing the min margin required (to avoid causing liquidations to existing positions that used old requirements) - haircut the collateral USD value on riskier collateral (BTC=0, ETH=20%,...)https://twitter.com/lawmaster/status/1206090023180931073 …
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Replying to @paoloardoino
I read the comments in thread.. at least 2 of those tokens had 100% of the available margin taken up so new people trying to short just couldn't. Thats definitely happened on bitfinex before.
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Replying to @IamNomad
We never stopped shorting I believe. But recently we added a dynamic haircut system on different types of collateral/currencies. This is pretty much standard in traditional exchanges.
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Replying to @paoloardoino
bfx hasnt stopped shorting but theres been times where theres been no collaterial available both in position and not in position.... including on LTC circa 2015
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Replying to @IamNomad @paoloardoino
Ohhh I remember the LTC issue, and reporting it, etc
1 reply 0 retweets 1 like
Ahhh fair enough. Was before my time in Finex.
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