Jupiter, a decentralized finance platform, has launched a beta called YOLO allowing trades with leverage reaching 1,000 times the committed capital. In this system, users trade against a single intermediary rather than on a decentralized market. If that intermediary’s funds run low, profits can be queued without a guaranteed payout timeframe. The protocol has not been audited by a specialized firm, exposing users to high financial risks in case of liquidity issues.
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