If this proposal goes through, I also want those who did not leverage to get paid some percentage for the mental trauma that I had to go through because of this crash
On a serious note:
I believe the project was supposed to provide people with all the possible risks that could occur during a market crash like this. Eg: whale selling, manual buybacks under backing price, Avalance network congestion etc.
yes indeed. Or one can find a platform that is willing to lend/margin against the backing price. But then they would complain about the lower loan ratio if they are margined against backing price instead of spot. just my $0.02
No and no and noā¦
Just whyā¦
No one pointed a gun to your head and told you āBORROW THESE MIMS NOW OR I PULL THE TRIGGERāā¦
If youāve been dumb enough to overleverage, dont expect the people to pay for your mistakesā¦ Youāve done this yourself and no one elseā¦
You invested at your own risk. Nobody forced you to over leverage. If you had made money, you would not have given money back to the treasury. Wonderland should not pay for your greed!
Nowhere in the docs says people had to go get leveraged out, in order to grow the treasury!
Sifu said multiple times that it was manual. In every leveraged investment you run the risk of crashes, and nobody is going to come in and safe you because you wanted to be greedy.
Learn from your mistakes, and DO NOT use leverage.
The voting shows who were the people using leverage and who were the people being smart and not touching they staked assetās in times\market conditions like this. You donāt get to have your founds back just because you are greedy and over-leveraged. Do you think Binance would ever found you back because you are a bad trader?? Are you people crazy??
Leverage players took the risk that they could get liquidated but now that they got liquidated and want their treasury to repay their mistakes? Sorry - thatās not how accountability for your own actions work.
People talk about losing trust. It would lose the trust of current holders who did the right thing by not risking their own position and therefore contributing to the price decline. It was ultimately leveraged players who got liquidated which forced the liquidation bots to sell out to pay back their loans back. This is what caused the price to crash. Leveraged clowns at FAULT.
Some people say that it was a huge selling point to join Wonderland and can combat liquidation cascade? Please look in the mirror and ask yourself is that really the reason? Or is it that you want to make heaps of $$ and got greedy by leveraging.
Some people blame Sifu for not buying back quickly but sorry, thatās blame game and you know it. The reason there is a multi-sig wallet is to protect everyone, which requires multisignature to approve use of treasury. Again - look in the mirror for poor risk management! Everyone knows Crypto has High Volatility. If you canāt take the heat, get out of the game!
Sifu has said that they would buy back to support price. Given the treasury has now been used to do some buy backs to support price stability. The consequence is now that the balance is below $1B !! More has been spent on this buy back than on investing in Betswap. Tell meā¦ which one generates better returns? Repay all liquidations for leverage clowns or making investments?? I want the treasury to invest!!
AT NO TIME DID SIFU SAID THAT THEY WOULD GIVE LIQUIDATED PLAYERS A REFUND. Sifu only said to support buy backs, and he did!
Entirely against this is any shape or form unless we go back and make right all people who got liquidated in history, which will never happen. HARD NO FROM ME.
The backing price is simply the assets divided by number of tokens! No one ever said that the price COULD NOT GO below the backing price.
Sifu has always said that it could go below and would manually support the price through buy backs. What kind of advertising was there to show that the backing price was a guarantee it wouldnāt be breached? Please look in the mirror - itās just you telling yourself that.
BS cause iāve been totally liquidated without lvg, frog nation dead if you all keep faith in this moves you are blind, today are we, tomorrow will be you.
No I get the point. People getting greedy, getting liquidated, causing the price to crash for everyone. No body promises anything. All of this is financial theory. This the same shit that happened at 10k and is going to keep happening if people keep doing the same thing. Itās also not helping out the frog nation in the short term. No one should be reimbursed for being greedy. 80,000 APY should be enough for anyone but noooooo too many people gotta be greedyā¦ 3,3 Good for all, 9,9 Good for Just U and horrible for everyone when you get REKT.