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Regulators should take a look at crypto firms pushing 20x leverages derivative products on retail investors. Regulators should pay attention to MEV and order f
by favflam 4y ago
Regulators should take a look at crypto firms pushing 20x leverages derivative products on retail investors.
Regulators should pay attention to MEV and order flows on decentralized exchanges. Some blockchains are not permissionless to write to (proof of stake). As such, they are ripe for front running and forced liquidations of retail users.
- jimmydorry 4y agoIncreased regulation around leveraged products would be nice! The regulators are already asleep at the wheel in terms of oversight on traditional exchanges (or more specifically what is happening outside of them). Sure, additional oversight would be nice in crypto-land, but increasing the regulator's scope seems like wishful thinking to me. With decentralized exchanges at least, all of the data necessary to audit what is happening is all public and instantly available... so maybe things will flip and the additional oversight for decentralized crypto exchanges will be trivial?
- wanda 4y ago"One of the hallmarks of mania is the rapid rise in complexity and rates of fraud"
- forum_ghost 4y agowasn't early internet a massive rise in complexity? and it came with a ton of fraud too?
- johnmcgee 4y ago
- dropnerd 4y agoPoW protocols are just as susceptible to MEV (it's called "miner extractable value").