1) Some FTX facts today:
a) I don't think we had any downtime, which was great! And markets were decently liquid all things considered.
b) Withdrawals are ~1 hour backlogged, sorry -- we have ratelimts on #/sec to process, we'll take those up. (also, you know, gas.)
a) I don't think we had any downtime, which was great! And markets were decently liquid all things considered.
b) Withdrawals are ~1 hour backlogged, sorry -- we have ratelimts on #/sec to process, we'll take those up. (also, you know, gas.)
2) c) FTX has never clawed back anyone from liquidations of others.
We have, once in a while, ADL'ed, though those fills are at market or better.
But we never want to do that.
So we've jacked up BLP capacity to prevent it in the future.
We have, once in a while, ADL'ed, though those fills are at market or better.
But we never want to do that.
So we've jacked up BLP capacity to prevent it in the future.
3) And for anyone who got ADL'ed, today, we've just compensated your accounts with USD:
--if the ADL was good marked to now, you kept it
--if the ADL was bad marked to now, you got USD equal to the difference in market prices
--if the ADL was good marked to now, you kept it
--if the ADL was bad marked to now, you got USD equal to the difference in market prices
4) d) I think this was another all-time record volume day, at $26B.
We had about $250m of liquidations today -- maybe our all-time high, but about 10-20% of other exchanges'.
Interestingly, we had closer to 50/50 long/short liqs than most! bybt.com/LiquidationData
We had about $250m of liquidations today -- maybe our all-time high, but about 10-20% of other exchanges'.
Interestingly, we had closer to 50/50 long/short liqs than most! bybt.com/LiquidationData
5) e) finally -- latency is down from last week by about 30ms or so!
We'll keep working on this over the next few months.
We'll keep working on this over the next few months.
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