TechFlow news: Binance has recently contacted digital asset projects with relatively weak liquidity on its platform, requesting these projects to clarify their relationships with market makers and consider depositing funds into Binance's savings products to enhance liquidity.
Binance is asking these projects to consider allocating 1-5% of their circulating supply to Binance's savings products to earn returns. Projects that are not working with market makers or do not intend to make deposits are required to provide explanations.
A Binance spokesperson said this initiative is part of a "continuous risk management program" targeting a small number of listed projects with low liquidity or market capitalization. He noted that such projects could pose risks to users, including potential market manipulation.
The spokesperson also stated that projects can choose either to partner with market makers or boost liquidity protection by contributing funds to the savings product, but making deposits is optional.
