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陈剑Jason 🐡|Feb 21, 2025 18:54
In addition, there are two interesting points to add. Firstly, for such a large amount of ETH lending, the borrower will definitely require very strict auditing to ensure that Bybit has the ability to repay the coin. Excess assets must also be used as collateral, otherwise it may become a chain reaction, where Bybit's ETH is stolen and the borrowed ETH cannot be repaid, causing a series of chain reactions such as what happens to the borrower. Therefore, Bybit must withstand scrutiny and others must be brave enough to borrow.
Secondly, borrowing coins is essentially a short selling behavior, after all, theoretically everyone hopes that the price of returning coins will be lower than borrowing coins. As I mentioned in my previous tweet, Bybit will definitely have to buy to repay coins. Buying this action will definitely happen, but it will directly say not to buy but to borrow. On the one hand, it makes people speculate whether there is really not enough money, and on the other hand, it also undermines market expectations. The situation is still the same. In other words, the market's feeling will be completely different. As the CEO, his answer to the most concerned question of everyone is not up to par.
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