最新报道:According to the news from Bijie.com, on July 20 (UTC+8), the article revealed the core logic and strategy of the "call option" model commonly used by market makers. In this model, the project party provides tokens, and the market maker provides stablecoin market making and has options. When the market maker obtains the token, it will immediately sell a large number of tokens to meet the funding needs and risk-neutral hedging, while continuing to make profits through spread arbitrage, Gamma Scalping and dynamic hedging of option fluctuations. The author pointed out that this strategy is not a deliberate market crash by the market maker, but a rational choice after precise calculation.