The article "Unveiling Market Making Algorithms: Protecting or Smashing the Market? How Market Makers Use Borrowing Coins" (author @ agintender) reveals the core logic and strategy of the "call option" model commonly used by market makers in the cryptocurrency industry, which involves the project providing tokens, the market maker providing stablecoins for market making, and owning options. As a market merchant, after receiving the token, they will immediately sell a large amount to meet their funding needs and achieve risk neutral hedging. They will continue to profit through price arbitrage, Gamma Scaling, and dynamic hedging of option fluctuations, ultimately achieving risk-free returns. The author points out that this strategy is not deliberately smashing the market by market makers, but the best choice after rational and precise calculation. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=45890