price falls under .66?
Am I missing something, or can a person at say .65 just open a loan collateralized with only dUSD then abandon the loan with more dUSD than they have in value in the vault and making a profit? If this is possible then any person could do this endlessly creating even more dUSD until it's totally worthless. Is this correct or no? If not why?
Maybe no one thought about it. Because if you can get 1 dUSD for 1.5 dUSD collateral then that's 66% and if it's under that you can abandon your loan for profit. Rinse and recycle
How would that work? You’re abandoning 1.5 DUSD for 1 DUSD
Yeah that's right. Duh.. but if you minted dTokens you would be better off abandoning the loans.
But you would still have to sell them for DUSD
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