I'm here looking for an alternative to etoro after the $GME fiasco last week, where many 0 comission stock market brokers effectively ran out of liquidity, and then lied about it, and then halted trading, or disallowed people from holding a certain amount of stocks, etc. I'm sure you've heard of all this by now.
Morpher advertises itself as a 0 commission ∞ liquidity platform, which lets you short any market, 24/7... the morpher whitepaper says:
Traders enjoy infinite liquidity on all markets, since any amount can be staked on a market without affecting the underlying price. Morpher does not depend on a liquid underlying market.
But I'm not sure I understand how that works... Are you just creating as many MPH tokens as needed to cover the market price? Doesn't that cause infinite inflation for the MPH token? How open to abuse is all this?
p.s. Not trying to sound critical, just trying to understand. I'm quite new to the crypto and trading world; I like the morpher platform in principle, just wondering if I can trust it