Crypto Newbie

10-15 10:38

In the latest @TheBlockPods, Wintermute CEO @EvgenyGaevoy called out the confusing/opaque nature of their auto-liquidation (ADL) process on Binance. Binance "auto-liquidated us at $5, while the token was trading at around $1, and you didn't even have a chance to hedge." "If you can hedge, auto-liquidation is acceptable, but sometimes you get auto-liquidated at ridiculous prices." Good day for exchanges that can document all the auto-liquidators and their order.

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