@lokpray
gsr, wm, amber, auros are mm for spacex on hl. Tbh who the mm is here doesn’t matter but risk modeling their oracle is key since hedging is basically impossible unless you have secondary/spv.
Imagine what happens if mm are overall short and price kept going up. Assuming they know how the oracle design is better than retail,… 🫣
I smell…???
https://x.com/tread_fi/status/1989555067884638251?s=46&t=bXRj3LXXGHjoj1idpl6gdQ
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