Answering a friend's question: Since Binance has risk-controlled $H , why not just delist H? Is it just to rake in fees?
Honestly, I think Binance’s choice to implement a last price protection mechanism is from an overall strategic perspective.
Sure, directly delisting H would be a crowd-pleaser, but there’s a crucial issue:
How do you ensure fair price delivery at the end?
This fairness is hard to define. For example, the BSC chain has already been wrecked, and other exchanges have halted E-chain deposits, turning it into a single-player game.
Secondly, within the open interest (OI), it’s unclear how much is from the project team and how much is from users, making it tough to assess. So, a hasty delisting could lead to user losses and shift the blame onto Binance. It could easily end up like the last wave of the Alpaca delisting that wiped out many.
My suggestion to Binance is to apply an index wipe and reduce leverage to limit positions, followed by a peaceful settlement.
I’m not sure if @heyibinance @binancezh @yayabinance have seen this.
From my three reviews of the trading impacts from Binance’s risk controls, it looks like the above will be realized, and they are likely to delist.
Additionally, tracing back reveals that @Humanityprot’s recent moves were largely premeditated, not just a simple hack.
Although the profits from three trades weren't huge, the thrill of strategizing like this makes for an exciting trading experience.
Don’t let conspiracy theories and emotionally charged logic cloud your thinking.
Stay calm and focus on your own trading.
That’s it.
Honestly, I think Binance’s choice to implement a last price protection mechanism is from an overall strategic perspective.
Sure, directly delisting H would be a crowd-pleaser, but there’s a crucial issue:
How do you ensure fair price delivery at the end?
This fairness is hard to define. For example, the BSC chain has already been wrecked, and other exchanges have halted E-chain deposits, turning it into a single-player game.
Secondly, within the open interest (OI), it’s unclear how much is from the project team and how much is from users, making it tough to assess. So, a hasty delisting could lead to user losses and shift the blame onto Binance. It could easily end up like the last wave of the Alpaca delisting that wiped out many.
My suggestion to Binance is to apply an index wipe and reduce leverage to limit positions, followed by a peaceful settlement.
I’m not sure if @heyibinance @binancezh @yayabinance have seen this.
From my three reviews of the trading impacts from Binance’s risk controls, it looks like the above will be realized, and they are likely to delist.
Additionally, tracing back reveals that @Humanityprot’s recent moves were largely premeditated, not just a simple hack.
Although the profits from three trades weren't huge, the thrill of strategizing like this makes for an exciting trading experience.
Don’t let conspiracy theories and emotionally charged logic cloud your thinking.
Stay calm and focus on your own trading.
That’s it.