MM risk or exclusion, passive MM has difficulties that cannot be called out. Preliminary investigation shows that the vast majority of passive MM, including DWF Wintermute GSR FlowTraders, have suffered varying degrees of losses. Baby Bus Version: Passive MM has varying degrees of losses, but overall, the losses are controllable 2. MM did have a rating and liquidity allocation for the project, but this risk control system actually took effect three But it's far from a crisis, it's just that the currency was quickly poured into the hands of market makers at a specific time. From the perspective of the types of projects experiencing a sharp decline, I believe DWF Labs may be the market maker with the most severe losses. At the same time, DWF Labs almost certainly gives different ratings to the project, which is also his own risk control system. This time, it must have had a good effect. In this market crash, it is almost certain that MM will lose money, but the scope of the loss is still controllable. At the same time, there are also two sides to this, which means that DWF Labs may have a higher control fundraising rate and potential future returns may be greater. (This clause is only hypothetical) @ DWFLabs ——————— Of course, I am trying to give a suggestion here, which can be considered as a starting point. Except for the Asia Pacific region, it may be necessary to cultivate multi region market making and trading centers to ensure that there are relevant professional and technical personnel on the trading platform to respond in a timely manner during abnormal market fluctuations. This cost will obviously be much smaller than the current loss. This is also a suggestion for other girls. ——————— As for the risks of active market makers, most of them quickly clear their chips when the market experiences huge fluctuations, which causes great selling pressure and selling in the market. In other words, active market makers pour money on passive market makers. There is still regulatory space for such roles on Binance and other exchanges here, and perhaps this is the best time to build a regulatory framework. @heyibinance @cz_binance @binancezh For abnormal market maker accounts, certain punitive measures can also be taken within the terms framework. Let them also contribute some money to the 'Same Boat Plan'! ——————— Of course, from the perspective of market makers themselves, quickly reducing positions does not necessarily equate to "doing evil", it may just be a strategic choice. But I still believe that the role of a market maker requires more market responsibility. ——————— This market volatility also reminds traders that the risk of full position contracts cannot be ignored! Users must also understand the risk points of the market and the safety margin of full position contracts, which is a manifestation of a mature trader. After all, many people who believe in the future of blockchain have their lives and lives in the market, and risk control is the most important topic!