Is GMX the next FTX casualty?

By chovy 2 months ago
For anyone who has ever done market making - you understand that zero slippage is impossible. The bid ask and the slippage is simply the COST OF LIQUIDITY. Liquidity cannot be free. If it is, someone must subsidize it Am i saying that crypto will drop 50% here? No. But one day it might. And when it happens, GLP can get absolutely destroyed. Having such a product design makes @GMX_IO extremely fragile