
benmo.eth|Oct 12, 2025 01:16
Yesterday's version didn’t mention covering liquidation fees. Liquidation fees = your debt * 2%. If you’re doing leveraged trading with 4x leverage, that’s 2% * 4 = 8%, meaning an 8% loss of your principal. For earn players grinding day and night, this is an astronomical proportion.
Today’s version clarifies that liquidation fees will also be covered. For liquidity miners, this is a huge relief.
Of course, for Binance, this is no small expense. Once again, thanks to Binance for upholding its corporate principles and thanks to customer service rep Xiao He. Liquidity on Binance—there’s always a reason behind it.
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