Star
@star_okx
CEO of OKX, building the product since 2013. Crypto will eat the world, self custody is the future. Tweets not financial advice.
Joined January 2015
809 Following 127.3K Followers
Make all trading collateral available to lend to other margin borrowers is an aggressive approach, it create additional risk to the markets. If the risk control engine is powerful enough, the risk can be mitigated!
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Why is @Backpack is so conservative? Folks want bigger position sizes, larger limits, more borrows, and higher leverage.
I do too. We'll get there--but with zero tolerance for unnecessary risk. Some risk, sure, as mistakes are inevitable. But if there's one thing I want to be known for, it's for being boring, slow, and safe.
One only need look at the many examples of irresponsible risk management to understand why. Risk doesn't matter until it's too late. You don't earn brownie points for being boring, but you do earn points for staying alive.
In this business, only the paranoid survive.
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