
The post suggests a strong negative sentiment towards Backpack, urging it to "send to zero in haste." This is based on an image explaining that users who get liquidated on a platform might owe money to winners if their deposited funds are insufficient, implying a potential risk or flawed mechanism within the Backpack ecosystem. Investors should be aware of these potential counterparty risks and platform mechanics when considering Backpack.

By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.