Here we go. A well thought out concern for loan

Question

Here we go. A well thought out concern for loan

structure that could pose a potential risk to the defichain system. I hope this is passed onto the devs/community. I will also share with some on twitter.

https://twitter.com/threecomaclub/status/1525544611913076738?s=21&t=-KzGNOthqsrzgLwKO-kdWQ

#blockchain #cryptocurrency #defichain #english

0

14.05.2022

8 ответов

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DcShel Shelton

Ludo
What prevent us from making payback loans of minte...

That's the default payback method. The only time we pay back with DFI is when it's over $1.01

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15.05.2022

DcShel Shelton

I see too many holes in it. Firstly where are they going to trade for 100million in DFI? Not enough people willing to release their DFI that easily on a CEX, otherwise not enough liquidity for a quick mass attack like that. Swapping for that much DFI in a pool be costly in slippage, the Oracle takes an hour to update and that gives pools time to be arbitraged into rebalance to a more normal price, then if they take out dUSD loans and repay with DFi it's at 99% rate losing more money plus they can only borrow max 66% of value in dUSD to pay off with and they would gain no new DFI to collateralize because DFI burn doesn't effect markets very fast, takes days a weeks, so it would seem to be a spiraling loss to the so called attacker for no possible gain. Due to all same problems this could not be scaled up for even more either. Value of DFI would not rise fast enough on DEX and pools rebalancing would happen. So many things working against such an attacker with very high possibility of them losing so much percentage on swaps.

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15.05.2022

Peter | Venus2Close

DcShel Shelton
I see too many holes in it. Firstly where are they...

How much can you trade on DEX before too high slippage?

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15.05.2022

Kassius84

DUSD as hybrid algorithmic + crypto-backed stablecoin - https://www.reddit.com/r/defiblockchain/comments/upxr80/dusd_as_hybrid_algorithmic_cryptobacked_stablecoin/

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15.05.2022

BTC Bacon

Peter | Venus2Close
How much can you trade on DEX before too high slip...

Depends on the token

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15.05.2022

Crypto Guru

Ludo
What prevent us from making payback loans of minte...

This was introduced to „solve“ the DUSD not being pegged to USD problem. https://github.com/DeFiCh/dfips/issues/99

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15.05.2022

Crypto Guru

Peter | Venus2Close
How much can you trade on DEX before too high slip...

Slippage is not depending on the amount. Probably you mean the price impact. You can easily calculate it yourself, but the price shown in the wallet is already including it. (e.g. you see the price changing if you change the amount 10, 100, 1000, ... token)

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15.05.2022

Ludo · Accepted Answer

Ludo

What prevent us from making payback loans of minted dusd only in dusd (remove the dfi option) ?

0

15.05.2022

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Here we go. A well thought out concern for loan

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