Re: Poloniex's taking money from its customers to cover its loss
11,250 btc?
Source, please. It sounds crazy that such a minor crypto was so heavily traded...
Source, please. It sounds crazy that such a minor crypto was so heavily traded...
That number represents total loans across the platform, which is quite different from Clam trading volume. It is calculated by working backwards from the 16% and BTC1800 haircut.
Reading this belatedly and just only now recalling that I used to loan out quite heavily on Poloniex in early and mid 2017. Didn't know it at the time, but my BTC was snapped up at really big interest rates (if I recall some even almost 1% daily) because of the huge FOMO going on especially in the alt markets.
Good times. I remember getting 1% daily as well for a short while.
