3 ms·

Yes it's literally just leveraging

• m3m3tic 3y ago
  it's recursive leveraging using multiple different market makers that are giving you further leveraged bets on already leveraged assets
  • JumpCrisscross 3y ago
    > it's recursive leveraging using multiple different market makers that are giving you further leveraged bets on already leveraged assets This is approximately what Bill Hwang was indicted for doing [1]. [1] https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=hp_lead_pos1 https://www.wsj.com/articles/archegos-founder-and-cfo-charge...
    • throwawaymaths 3y ago
      You don't suppose he got in trouble with the law because he was doing it with other people's money (and not telling them that's what he was doing)?
  • sushid 3y ago
    What do you think leveraging is? You are using your deposit (ETH) to increase exposure to an asset (more ETH). The process is just more manual compared to a traditional market because crypto.