TradeXYZ has decided to compensate for the spike that occurred yesterday:
According to the announcement:
TradeXYZ will take on the liquidation losses caused by this anomaly in one lump sum and will announce the eligibility requirements and details of the distribution in the coming days.
The current estimated liquidation scale by the community is around 57 million to 80 million USD (involving about 960 accounts), with the address that suffered the largest loss potentially receiving about 2 million USD;
Thumbs up for this move; it is already very difficult to provide compensation.
The announcement also has two main points:
1️⃣ The XYZ oracle normal tracks external data sources according to specifications, and there are no issues with XYZ. In the future, pricing mechanisms will be improved more rapidly, external venue assumptions will be reassessed, and more emphasis will be placed on the depth of the platform's own order book and price signals,
2️⃣ This is a one-time discretionary handling, and future decisions may not necessarily refer to this.
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