5 天前
many people don't know we used to have negative USD balance during FTX era.
ftx risk engine supported USD and non-USD collateral, if you are liquidated with non-USD collateral, you will end up with negative USD balance.
you can sell your non-USD collateral to repay your debt.
or add/deposit more USD to pay off negative balance.
i think this novel design is very similar to @Backpack risk engine. i'm seeing a lot of FUD all around.
backpack is 100% solvent and you can verify through their daily zk-prove
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