0xSun
0xSun|Jun 15, 2025 14:11
This game is a bit tricky. Koge only has on chain liquidity and cannot ship in large quantities, so they borrow Koge/ZKJ pools to smash into ZKJ, and then ZKJ will smash the spot market by buying large waves of short orders through pre built contracts. I did not participate in Binance Alpha. I heard from my group friends that the group LP was promoted as a "wealth management" behavior. I estimate that 90% of users who brush Alpha do not understand the impermanent losses. Non stablecoin LP and wealth management are definitely not related.
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