Will KAVA become another venus protocol? let say I lock

Question

Will KAVA become another venus protocol? let say I lock

up BUSD and the BUSD got loaned to a whale who is here for the alpha. Somehow he used a lot of USDX to borrow BUSD and took out of the platform. When USDX crash, he got nothing to lose. But when we tried to repay our USDX debt and try to get back BUSD, there is totally not enough BUSD for me to withdraw, leaving me with worthless USDX that has gone to 1 cent. I am describing the worst scenario

#blockchain #cryptocurrency #english #kava

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11.10.2021

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Andy Lau Tak-wah Автор вопроса

the problem with Venus is it similar to kava. but some whale used lousy coins as collateral and the lousy coin dropped big time and liquidiated the person. but the whales has already used the lousy coin collateral to borrow a lot of stablecoin like BUSD

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11.10.2021

Alex · Accepted Answer

Alex

Andy Lau Tak-wah
the problem with Venus is it similar to kava. but ...

Remember that Venus team shortfall was caused by old Venus team itself...if Kava team wants to cause a shortfall on the protocol they knows very well how to do it...anyhow I hope that it's not our case...up to now I haven't noticed any "strange stuff" ongoing

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11.10.2021

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Will KAVA become another venus protocol? let say I lock

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