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Wrapped tokens crashed as copyright's infrastructure buckled, which makes it more challenging for market makers to stabilize costs.
Wrapped tokens crashed as copyright's infrastructure buckled, rendering it more durable for market makers to stabilize rates.
Tokens like wBETH and BNBSOL are designed to observe the spot cost of their underlying belongings carefully.
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Jia added that market makers' inability to take part made a liquidity vacuum, harking back to portfolio insurance plan in 1987 ??"mechanisms created for standard markets that turn out to be procyclical accelerants throughout crashes."}