4 ms·
You overcomplicate things. There is plenty of liquidity to sell 120k eth; the opportunity cost of doing this is near $300 million
by ludamad 5y ago
You overcomplicate things. There is plenty of liquidity to sell 120k eth; the opportunity cost of doing this is near $300 million
- antocv 5y ago2 days ago Jump had 93 000 ETH, today they do not have 93 000 ETH. By casting a spell, today they also have 93 000 extra ETH. They are saving some of their potions for later time to cast wider spells.
- ludamad 5y agoYour spell metaphor doesn't serve you being this handwavey. What are you even saying happened on the ethereum blockchain during this?
- antocv 5y agoOn ETH blockchain a transaction was confirmed, the transaction which moved 93 000ETH from Jumps account into hackers account. Jump has stated they now still have 93 000ETH since they wish it it is so.
- im_down_w_otp 5y agoThe point I'm making is that this says absolutely nothing about their ability to eat a $320M loss because they didn't eat a $320M loss if what they put up was ETH because they can't transact in ETH, they don't fund their operations in ETH, they don't pay their LPs returns in ETH, etc. etc. etc. It might well be that they can eat a $320M loss on the regular, but if so, this situation isn't any kind of indicator of it.