MarsBit News
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Reviewing the flash crash of ZKJ and KOGE, a liquidity harvesting 'conspiracy'
Original author: shushu
Reprinted: Daisy, Mars Finance.
Previously, $ZKJ and $KOGE, as the most popular choices for score brushing on Binance Alpha, both experienced a flash crash.
Within Binance Alpha, this pair of tokens was once regarded as the highest cost-performance tool for score brushing. The extremely high annualized LP returns and very low slippage experience quickly made it the preferred pool for Alpha users. A large influx of capital and a surge in trading activity created an illusion of 'stable growth,' laying the groundwork for subsequent systemic stampedes.
To understand the starting point of all this, we first need to return to the incentive mechanism of Binance Alpha itself.
Reprinted: Daisy, Mars Finance.
Previously, $ZKJ and $KOGE, as the most popular choices for score brushing on Binance Alpha, both experienced a flash crash.
Within Binance Alpha, this pair of tokens was once regarded as the highest cost-performance tool for score brushing. The extremely high annualized LP returns and very low slippage experience quickly made it the preferred pool for Alpha users. A large influx of capital and a surge in trading activity created an illusion of 'stable growth,' laying the groundwork for subsequent systemic stampedes.
To understand the starting point of all this, we first need to return to the incentive mechanism of Binance Alpha itself.
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