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Today, the blogger conducted FUD against @Lighter_xyz, and the core argument can be summarized as: The team has a low understanding of trading and on-chain security, and cannot develop a good trading product
Core arguments:
1️⃣ "API auto-traders need to upload wallet private keys to a closed-source so file"
(Don't worry, there are currently no security issues for ordinary users)
-- Are ordinary users affected? The current answer is <twitter.com/gjimkwon/status/19...>
As for the team pivot, I think it is quite normal. You can't keep the same track after raising so much money and then it's hopeless... Is there anything wrong with doing a more promising project? 😂
After reading it, my temporary conclusion is that ordinary users can do it if they want, and if there are no security risks, they can continue to do it.
With 0 transaction fees and good depth, there is no big problem in doing real transactions. The only key problem is the API
Some friends also asked me if there are any rewards for invitations now.
Basically, there are none, because it is now in the zero-fee stage, and the invitation reward is only 5%.
The point commented by this friend is somewhat possible, that is, the platform is also afraid that the platform will be bald by API automatic quantitative when the zero-fee depth is good.
LLP has been losing money recently, and it may be because someone has started automatic quantitative operation?
x.com/habitbreakerw/status/191...
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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