What was the deal about repaying the full borrowed amount?

Question

Kava Official

CryptoOwl1

What was the deal about repaying the full borrowed amount?

It says can't repay as the remaining debt would be less than 10 USD

#blockchain #cryptocurrency #english #kava

0

20.10.2021

5 ответов

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CryptoOwl1 Автор вопроса

CryptoDaz (Darren)
The total borrow balance is not allowed to be belo...

This is correct, just figured it out

0

20.10.2021

Cameron | Kava (I will never DM first)

It prevents spam, essentially there’s a cost to storing the CDP that’s borne by network operators (validators). We don’t want to bloat the state of the chain with tiny CDPs. Increases the size of the database for as long as the CDP exists. There is certainly a threshold below which it’s dangerous. For example, if we allowed $.01 CDPs, you could grow the state of the chain by gigabytes for a few dollars, potentially halting the network until validators updated their software. $10 was an arbitrary number.

0

20.10.2021

CryptoDaz (Darren)

Cameron | Kava (I will never DM first)
It prevents spam, essentially there’s a cost to st...

Good info, didn't know that

0

20.10.2021

Cameron | Kava (I will never DM first)

CryptoDaz (Darren)
Good info, didn't know that

We discussed that during the weekly community feedback meeting today.

0

20.10.2021

CryptoDaz (Darren) · Accepted Answer

CryptoDaz (Darren)

The total borrow balance is not allowed to be below $10 unless repaid in full, is you have borrowed for a short time you may find you have accrued a small amount of borrow interest which you will need to acquire to fully repay

0

20.10.2021

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What was the deal about repaying the full borrowed amount?

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