CZ Releases Note on Bailouts and Cryptocurrency Leverage

CZ releases note on bailouts and cryptocurrency leverage. In the article, he mentions three types of projects: the first type is "bad" projects, which should not be bailed out. This is because these projects have a large number of users, often obtained through exaggerated incentives, "creative" marketing or pure Ponzi schemes. The second type is those programs that make small mistakes. They are either overly aggressive in their spending, have insufficient reserves, or have other minor fixable problems. These can be bailed out and subsequently ensure that changes are made to fix the problems that led them into this situation in the first place. The third type is projects that are barely surviving but have great potential, and they can bide their time and get a cash infusion or explore the possibility of mergers and acquisitions. Also mentioned in the article is cryptocurrency leverage, which CZ divides into fast and slow. Fast leverage is usually a futures product; slow leverage is when a fund lends to other funds or DeFi agreements to invest.
Source

CZ

Binance

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