very sus... They would have to own a wallet right? where is the collateral?
This smells like fish big time
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very sus... They would have to own a wallet right? where is the collateral?
This smells like fish big time
Like a Hive wallet?
No, not even the Kraken exchange needs a Hive wallet to list this market.
As they are not accepting Hive deposits; everything is done in USDT.
Hive is just a unit of account pegged by a price feed (a lot like how HBD works).
How is this not the easiest thing ever to manipulate then... the feed could be off...
btw, what you describe here, the whale unlocking the HBD is exactly how it would happen.. if I saw someone doing that, I would dump as much as I could, with the idea of buying back (of course). But someone gambling in the markets could make a real good trade.
Yep and they could have dumped before you by using these futures contracts.
And they can buy back in before you do as well.
Smartest thing to do is pull an API feed from every exchange that lists Hive.
A red flag goes up if there are any huge arbitrage opportunities (or bugs).
And even if the exchange fucks up there are thousands of market participants and market makers who would see the mistake and plug the hole themselves for the arbitrage profit.
The spot feed is only needed to determine the funding rate.
Hell they could probably just COPY another exchange's funding rate and be fine in a lot of situations.