Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
On March 12, 2020, Black Thursday, a single bot was able to acquire $8.32 million worth of Ethereum (ETH) for free in just 40 minutes, exposing a critical flaw in MakerDAO's liquidation system. The protocol's design is based on continuous market participation, but when Ethereum plummeted 43% and network congestion caused other Keeper bots to fail, one bot was able to bid 0 DAI at auction and successfully acquire collateral. This event resulted in MakerDAO incurring $4.5 million in bad debt, forcing MKR token dilution, and fundamentally reshaping the risk design of all subsequent mainstream DeFi protocols.