So we're saying it's the loan_to_value field that is what

Question

So we're saying it's the loan_to_value field that is what

is actually used to calculate collateral for this specific token (others are at .5) and not really related to borrowing USDX specifically but any token?

#blockchain #cryptocurrency #english #kava

0

13.10.2021

11 ответов

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Alex

CryptoDaz (Darren)
Yes, if you have 100,000 USDX supplied then your m...

5M is really low...

0

13.10.2021

CryptoDaz (Darren)

Alex
5M is really low...

Yes, I think it is the teams usual safety first, slow and steady approach, let it settle see what effects it has, if everything is ok after an initial obervation period increase it a little more, then a little more

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13.10.2021

Alex

CryptoDaz (Darren)
Yes, I think it is the teams usual safety first, s...

100% agree with this approach

0

13.10.2021

Warren Автор вопроса

CryptoDaz (Darren)
Yes, if you have 100,000 USDX supplied then your m...

The way proposal is worded and names of the fields are what was confusing to me. With the wording and field names I would of guessed that when borrowing USDX your LTV would be considered at .25 but it seems like they're using that field to determine both how much USDX you have supplied is worth in collateral and also to enable borrowing in general. I don't see a way they could really separate the two with fields I'm seeing.

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13.10.2021

CryptoDaz (Darren)

Warren
The way proposal is worded and names of the fields...

Yes it is not related to borrowing despite the poor wording it is simply the calculation of your collateral, where all current assets are 50%, USDX will initially be limited to 25%

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13.10.2021

Warren Автор вопроса

CryptoDaz (Darren)
Yes it is not related to borrowing despite the poo...

I like it.

0

13.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

Alex
100% agree with this approach

Me too

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14.10.2021

Javier (DON'T!!! DM!!! ME!!!)

Amazing Thanks Daz. 👍

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14.10.2021

CryptoDaz (Darren)

Javier (DON'T!!! DM!!! ME!!!)
Amazing Thanks Daz. 👍

The 5m USDX borrow limits is quite low so the second option of stacking USDX won't work once that limit is hit, in which case you'd have to lookm at the BUSD route. Which method is the better depends on if cheap USDX is available, and what th BUSD borrow reward APY is and how high the borrow BUSD borrow fee is USDX will also have a supply PY and borrow APY borrow fee which would need to also be taken into account so would need to leave a margin for borrow fees in any stacking/leveraging strategy

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14.10.2021

Alex

CryptoDaz (Darren)
The 5m USDX borrow limits is quite low so the seco...

Any clues on what will be the USDX API% supply and borrow fees?

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14.10.2021

CryptoDaz (Darren) · Accepted Answer

CryptoDaz (Darren)

Yes, if you have 100,000 USDX supplied then your maximum borrow balance allowed before liquidation is now 25,000 USDX higher So if USDX is at $0.95 then that gives an extra $23,750 worth of max borrow limit, remembering that the price will be based on a TWAP-720 price feed (averaged over previous 12 hours) USDX can also be borrowed with a system wide limit of 5m USDX initially

0

13.10.2021

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So we're saying it's the loan_to_value field that is what

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