Have you seen what happened with dYdX? Apparently one of

Question

IDEX Official Community Chat (No FUD, English)

Have you seen what happened with dYdX? Apparently one of

its liquidity providers was left without liquidity due to the drop in YFI, which has generated significant losses for traders.

Is the IDEX team following what happened to prevent this type of situation?

#cryptocurrency #english #idex

0

19.11.2023

5 ответов

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Abenc "Cavada Ambassador"

I'm sure that $IDEX has every strategy to stay afloat .

0

19.11.2023

Manuel | IDEX

It seems that the team itself has detected that it was a situation of market manipulation by a single actor; they are still evaluating what happened. In any scenario, we could not give a statement about the situation. The positive aspect is that this event does not call into question the security or performance of a DEX 🫡

0

19.11.2023

Manuel | IDEX

Manuel | IDEX
It seems that the team itself has detected that it...

However, we will be vigilant to learn from the developments of the situation

0

19.11.2023

Abenc "Cavada Ambassador"

Manuel | IDEX
However, we will be vigilant to learn from the dev...

Good 👍

0

19.11.2023

O · Accepted Answer

O

I’m sure @alexwearn can help you with this question a bit more, but I believe partnering with proficient and reliable market makers is one aspect we can avoid critical moments like this. I also couldn’t find any info on this, how come a measly drop cause the market makers to become illiquid? Were they gambling with high leverage or what 🤔 is there source to read up on this?

0

19.11.2023

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