Even you add ust as collateral, who the fuck give

Question

Kava Official

jonny

Even you add ust as collateral, who the fuck give

the idea to fix it to 1.0?

#blockchain #cryptocurrency #english #kava

0

27.01.2022

11 ответов

17 просмотров

CryptoDaz (Darren)

Alex
Disagree, take a look at Binance again now, after ...

I have some concerns and would like perhaps Scott to explain the benefits and how the risk could be managed. I would prefer perhaps a 12 hour avergae price feed i(TWAP-720) instead of a fixed $1, it does limit a UST supplier borrowing quite as agressively as they might with a fixed $1 but does protect USDX from being dragged down to the level of any UST depegging which would happen. If a UST supplier wants to mint that extra bit of USDX then they still have the option to swap from UST to BUSD on KavaSwap and then mint USDX with it's fixed $1 peg and 101% collateral Not ideal but does protect the Kava Platform from the risk of UST failing or depegging on a large scale. Perhaps @gr8scott would like to pop in for a discussion on the pros and cons and risks of Proposal #70 so users can make an informed decision

0

28.01.2022

Aaron Railton

Alex
Disagree, take a look at Binance again now, after ...

For those opposed to UST proposal. Remember to vote “no with veto” instead of just voting “no”. If 1/3 of votes are “no with veto” proposal will be rejected.

0

28.01.2022

Hindrhasha

Aaron Railton
For those opposed to UST proposal. Remember to vot...

Why would you be opposed to UST?

0

28.01.2022

Hindrhasha

No with veto only makes sure the depositor is punished by burning their deposit? Why would you do that for a needed proposal...

0

28.01.2022

Aaron Railton

Ah thank-you for the info. I didn’t realize this burns the proposal deposit. Can you please elaborate why this is a “needed proposal”?

0

28.01.2022

CryptoDaz (Darren)

Hindrhasha
No with veto only makes sure the depositor is puni...

33% of "No With Veto" would prevent the proposal from passing

0

28.01.2022

Hindrhasha

Aaron Railton
Ah thank-you for the info. I didn’t realize this b...

At the moment there is no native cosmos stablecoin on kava. This proposal would enable people in the cosmos ecosystem to mint and withdraw stablecoins and trade them on other cosmos platforms.

0

28.01.2022

Alex

Yeah, but it's right the contrary also: binance and kracken have together more than 30% so if they want they can block every proposal with the "no with veto" option

0

28.01.2022

CryptoDaz (Darren)

Alex
Yeah, but it's right the contrary also: binance an...

They could although they don't vote

0

28.01.2022

Alex

CryptoDaz (Darren)
They could although they don't vote

Yes, up to now

0

28.01.2022

Alex · Accepted Answer

Alex

Disagree, take a look at Binance again now, after 14 hrs the situation is completely different...sorry Kava team but I will vote against UST proposal and I hope that many others will do the same

0

28.01.2022

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Even you add ust as collateral, who the fuck give

11 ответов

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