Trade.xyz will compensate SKHYNIX for the loss caused by abnormal marked prices leading to liquidation
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On July 28th at 07:01 (UTC+8), the SKHYNIX marked price dropped from $1127.9 to $917.25, and the Trade.xyz oracle system operated according to specifications. Trade.xyz has decided to compensate for the abnormal liquidation loss, eligibility requirements will be announced, and distribution is expected to be completed in the next few days. Trade.xyz will improve its pricing system to handle tail events and re evaluate assumptions related to external trading venues and price formation in its own order book.