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102 sats \ 1 reply \ @CruncherDefi 21 Jul \ parent \ on: Tether Fun Unbelievable Details - Part I bitcoin
They want to limit arbitrage opportunities for others, so they can collect all the arbitrage revenue. And there is some serious money in there - ask wallstreet.
Arbitrage is extremely-margin-thin and zero-sum game. If they themselves don't pay the fee, it effectively makes it impossible to get into the game for others, cause they will sweep the opportunity before it's ever profitable for other players.
the small fish are gonna be screwed when everyone starts pulling their money out. not for me!
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