A good article on the analysis of the GoPlus market maker incident, recommended. I hope there will be more and more articles like this The scarcest resource for waist tokens is opening liquidity. Not only are market makers becoming increasingly competitive, but many VCs and project teams have also formed teams to start working as MMs. Some teams even have no basic trading ability and will use the coins first, but they will eventually return to zero and not be afraid of not being able to redeem them. On the one hand, there are more and more market makers, and their quotes are also becoming so competitive. On the other hand, the quality of service and professional ability are greatly different, and various after-sales problems often occur, among which the most common is withdrawing liquidity and defaulting and smashing the market