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Hulix-

For me it is still hard to believe that we

(apparently) don‘t have a standard report in place that measures dbtc currently circulating vs minted dbtc vs btc‘s used to back dbtc.
Any technical idea out there how the missmatch in numbers could be explained?

#blockchain #cryptocurrency #defichain #english
0

8 ответов

20 просмотров
Frank-

This is quite worrying. The backing address only has 2840 BTC while the liquidity pool has 2897.35 dBTCs. Unfortunately, the only way we will know is after the developers reply, but right now they need to focus on the atomic swap issue first. Let's be patient and give them time, speculation won't help at all

0
02.01.2022
Gaara-
Frank
This is quite worrying. The backing address only h...

Behind that address there are more wallets holding BTC. Do some chain analysis and you can see the transaction circling around that collateral Wallet address. Keep in mind that CakeDefi uses BitGo as Service Provider for cold storage and securing the Funds.

0
02.01.2022
M-
Frank
This is quite worrying. The backing address only h...

Where can I see the baking address? I was always wondering where does the atomic swap btc end up? On an address from cake? Or is it required for an atomic swap that always two people swap dbtc / btc with each other?

0
02.01.2022
Gaara-
M
Where can I see the baking address? I was always w...

Yes, Look at the Design papers (pink papers) describing the interchain Exchange protocoll. 2 guys must agree on an offer and execute the Swap in both chains. That has nothing to do with CakeDefi

0
02.01.2022
M-
Gaara
Yes, Look at the Design papers (pink papers) descr...

Follow up question when only people can swap btc dtbc with each other where do dbtc come from?

0
02.01.2022
M-
M
Follow up question when only people can swap btc d...

Can someone please explain this to me :(

0
02.01.2022
Michael-
M
Can someone please explain this to me :(

We don't know that yet, Devs are looking into it

0
02.01.2022

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