It was great to have @zhusu in person on the @CryptoBahamas edition FTX Podcast
• Ethos of freedom
• Crypto markets
• Learning the right lessons
• Crypto regulation and much more!
Full ep: https://t.co/t1bNiAFJHA
P.s. Su's mic quality drastically improves past minute 8.
🚨 Birthday Party Invitation🚨
It’s the moment you’ve been waiting for since 3.14! The @StephenCurry birthday party is happening Sun, July 24 in the Bay, thx to @FTX_Official! You'll experience all three aspects of @EatLearnPlay w/Stephen. You ready?! https://t.co/07XrIcmRhr
1) This is what a real-time risk engine looks like:
Total lifetime draw < $10m, max daily draw $4.7m.
If we asked for 15% margin:
Total lifetime _gain_ of $45m, max daily draw $1.6m.
5) FTX US Derivatives has a backstop fund equal to more than 100x the largest daily draw over the last 3 years. All in cash.
And we fund 100% of it: no FCMs, users, or banks have to contribute _anything_ to it.
It's our skin in the game because we know our risk model works.