Participating in Backstop Liquidity Provider program means that you pledge to take on the positions from accounts near bankruptcy.
As part of this program BLPs are required to keep a minimum of $500k of balances on FTX and be willing to absorb a minimum of $1m per day of liquidations.
In return, BLPs receive a large discount on their exchange fees, paying 0 bps make fees and 2 bps take fees.
BLPs may be required to meet a market making standard.
If you are interested in participating in this program, please contact us.
FTX Crypto Derivatives Exchange: https://ftx.com
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