My main takeaway from this crash is that Binance prices are the equivalent of tradfi Libor rates. Everything trickles down from that and everything is derived from that. All market making, all lending and all perps use Binance prices in one way or another.
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You can borrow +$100m right now from the Kamino main pool in one clip. https://t.co/dnpqPaTJqQ
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Kamino Swap consistently doing ~$20M daily front-end volume over the past few days Solana users gradually realizing that zero fees & 11-venue aggregation is the best swap UX available on the chain https://t.co/WY8bEiUNK0
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