Unchained Podcast：在边缘徘徊：黑色星期四如何暴露加密市场的缺陷-Ep.164
编者注：*该视频最初由Unchained Podcast发布。请按照相关链接访问其内容。 以下描述已在此处合并以供参考。*
Multicoin Capital管理合伙人Kyle Samani剖析了3月12日黑色星期四，这一天，新冠疫情导致市场出现更广泛抛售，加密市场两度暴跌。他解释了当天的第一次暴跌，暴跌如何引发各种交易所一系列清算，以及为什么在第二次暴跌之前停止清算约12个小时。他还讲述称，那时加密市场结构已经崩溃，由于比特币和以太坊区块链变得拥挤，套利者无法将抵押品从一个交易所转移到另一个交易所，从而引发了一场螺旋式下跌。特别是比特币，因为比特币价格暴跌，挖矿者已经开始关闭设备。这最终导致BitMEX有2亿美元的仓位需要清算，但整个BitMEX订单簿中只有2000万美元的买盘。然后，我们讨论了接下来发生的事情，这些时期最终避免BitMEXT上BTC价格下跌至0美元。
接着，我们讨论了当天价格第二次下跌，及其对MakerDAO的影响，以太坊区块链拥挤不堪，使得管理者无法清算抵押不足的账户。一位聪明的管理者发出了以更高的gas价格清算的买盘，但由于没有竞盘，所以买盘价格设置在0美元，以此获利450万美元，总共赢得800万美元。我们讨论了ETH价格如何由于预言机没有适当更新而下跌到88美元，MakerDAO的ETH最后成交价格是101美元——比大量清算本该成交的100美元还要高出1美元，这可能会给ETH带来更大的下行压力，导致又一次螺旋式下跌。
Kyle还评估了在未来动荡时期解决这些问题的一些技术选择，为什么其中许多选择并无希望解决问题，以及如何解决问题。
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