$PAXG The more serious problem is that this situation could happen again in the future. If it isn’t resolved now, every time a market crisis occurs, PAXG could depeg from gold and collapse. How can this be called a real-world asset (RWA)? This issue must be fundamentally resolved.
If this problem is not resolved, PAXG should stop its misleading claim that it is pegged to gold. Binance should delist PAXG from the market.
In this incident, many investors who trusted PAXG as a hedge against market risk have suffered losses. They invested believing PAXG’s claim that it was linked to gold as a safe hedge during a market crisis — but everything collapsed. Should these investors bear all the responsibility for the collapse of PAXG’s and Binance’s systems? This situation could happen again at any time in the future — will future investors also have to bear all the losses and responsibility then?
If you look at volume on the Binance chart shows only total ~1000 $PAXG being bought or sold and if there was no liquidity. How come that they were able to borrow around 10k of $PAXG on Perpetual. Like this is should be investigated. I would understand if this was isolated incident but it happened to other pegged assets including USDe. People who got liquidated cause of depeg should be compensated cause this has shaken the belief in crypto. I promised myself that i will never buy a single coin in my whole life if my lost funds are not returned.
codelazarus
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@DavidX0に返信
In this case i can say. If you can provide liquidity for tokens or freeze liquidations when liquidity dry out you can shut your Futures ability as Exchange.