Following last week’s market turmoil that triggered over $19 billion in forced liquidations, Binance has unveiled a substantial $400 million ‘Together Initiative’ aimed at mitigating losses for both retail and institutional traders. This package divides into two key components: a token voucher system for individual users, and low-interest loans for institutions experiencing liquidity challenges. Binance is offering $300 million in vouchers to those who were liquidated on margin or futures between October 10th and 11th, with compensation determined by the extent of their losses and eligibility based on minimum account value requirements. The remaining portion will be allocated to low-interest loans for certain institutions facing liquidity constraints, intended to prevent forced deleveraging. Binance emphasizes that it’s not admitting liability for these losses, framing the initiative as a goodwill gesture to rebuild confidence in a volatile market. While the scale of this response is unprecedented in the industry’s history, it raises questions about its long-term impact on market perception and regulatory scrutiny. This move marks a significant gamble by Binance: it stakes capital, reputation, and future expectations while inviting both praise and criticism from traders and regulators alike.