.@Web3Feng is about to reach higher PnL than he'll get for first place 👀
@synthetix should probably consider giving traders half of their PnL, to keep them from losing it all in a last minute attempt to reach first place.
This would likely be +EV for both traders and Synthetix
@Kira_sama @Web3Feng @synthetix Also long 10x ASTER and 50x ETH
My reasoning is:
- Traders have no incentive to preserve capital, as they are not playing with their money
- Traders have an incentive to risk it all on the last day, just for a <1% chance to win the $1M
So Synthetix has an incentive to give traders a share of PnL, so they don't lose Millions of $ simply by traders trying to flip their account balance (which is owned by Synthetix) on the last day.
This way Synthetix can pay $1M to the best trader and still keep a good share of the Millions they originally funded the accounts with. (Maybe by incentivicing the traders to grow PnL organically, they could even make a profit after paying all the prizes)
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