
AD Derivs. Podcast (Ep. 17) - Hao Yang - Head of Options @Bybit
AD Derivs: Insights from Crypto Option Traders
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Is There a Smart Liquidation?
When we're liquidating options in the market, sometimes the market is so wide, especially in high volatility times, what is the policy there? Does it just pay through the market? And if the market's wide, if there's no liquid in the market,. then you're paying through everything. That's going to cause more issues for the entire market participants. So what we did, we gave a cap. The liquidation orders naturally comes with a premium. But on a side note, we buy big really cares about our users. We kind of have this policy that we across ensure all the product likes.
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