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What'S to stop a dUSD Minting death spiral when the

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?

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DcShel-Shelton Автор вопроса

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

DcShel Shelton
Maybe no one thought about it. Because if you can ...

How would that work? You’re abandoning 1.5 DUSD for 1 DUSD

DcShel-Shelton Автор вопроса
Spencer L
How would that work? You’re abandoning 1.5 DUSD fo...

Yeah that's right. Duh.. but if you minted dTokens you would be better off abandoning the loans.

DcShel Shelton
Yeah that's right. Duh.. but if you minted dTokens...

But you would still have to sell them for DUSD

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