Which means: In reality on DFC you put in 150,001USDT

Question

DeFiChain - International

CRYPTO FACTOR

Which means: In reality on DFC you put in 150,001USDT

to mint 100,000dUSD 1.00:1.00. But you are left with 50k doing nothing?

#blockchain #cryptocurrency #defichain #english

0

12.04.2022

14 ответов

22 просмотра

CRYPTO FACTOR Автор вопроса

Philipp Morger
Yes, and it is super unlikely that two stable coin...

I lost a bag full when I got over excited at the launch of dTokens and filled up on dUSD at 1.35?!? 😜 But managed to salvage it. So we’ve done a neat job getting it back together and running dUSD as a real asset now for the ecosystem … love.it

0

12.04.2022

Philipp Morger

CRYPTO FACTOR
I lost a bag full when I got over excited at the l...

I was not around at that time, but having a volatile non 1:1 stable coin is just false advertising.

0

12.04.2022

CRYPTO FACTOR Автор вопроса

Well, not sure false advertising covers it. DUSD was a dToken available for the market to forge price. Demand beat Supply in those days.

0

12.04.2022

Philipp Morger

CRYPTO FACTOR
Well, not sure false advertising covers it. DUSD w...

Just don't call it stable coin if 1dUSD does not equal 1$

0

12.04.2022

CRYPTO FACTOR Автор вопроса

Philipp Morger
Just don't call it stable coin if 1dUSD does not e...

I don’t think we were… But we are now.

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12.04.2022

Spencer L

CRYPTO FACTOR
Well, not sure false advertising covers it. DUSD w...

Yeah there wasn't enough supply for demand especially with triple digit stock APRs back then. That was the risk of buying DUSD at the time.

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12.04.2022

Spencer L

Philipp Morger
Just don't call it stable coin if 1dUSD does not e...

It's a stablecoin because it is approximates $1. Just like USDT is never $1, it's always something like $0.9998 or $1.0003, likewise with other stablecoins.

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12.04.2022

Philipp Morger

Spencer L
It's a stablecoin because it is approximates $1. ...

That is true, but dUSD is governed to be at 1, and therefore 150% vault is a bit overkill. Wouldn't a 105% also do the job for a stable coin only vault?

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12.04.2022

Spencer L

Philipp Morger
That is true, but dUSD is governed to be at 1, and...

150% was because DFI had to be half of your vault, at least. Now that vaults can be DUSD only, someone might make a DFIP to do that.

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12.04.2022

CRYPTO FACTOR Автор вопроса

Spencer L
150% was because DFI had to be half of your vault,...

Fancy writing it up Philipp? Perhaps have a T Space and thrash it over, then we could see some of those hypothetical scenarios come to life?!

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12.04.2022

Spencer L

Philipp Morger
That is true, but dUSD is governed to be at 1, and...

It has been brought in the past before I believe, but it probably makes more sense now.

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12.04.2022

Philipp Morger

Spencer L
150% was because DFI had to be half of your vault,...

It came to my attention that a price going up on your asset might liquidated you as well, so it would be restricted to stable coins in and out.

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12.04.2022

Spencer L

Philipp Morger
It came to my attention that a price going up on y...

Yes, that's why borrowing dStocks and collateralizing with DFI can be extremely risky if you don't know what you are doing.

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12.04.2022

Philipp Morger · Accepted Answer

Philipp Morger

Yes, and it is super unlikely that two stable coins ever go away from each other much - because then they are no longer stable and frankly the ecosystem will start to have an all new dynamic when this attribute gets lost.

0

12.04.2022

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Which means: In reality on DFC you put in 150,001USDT

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