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Thinking of trying @taariqlewis's degen bots 🤔 I still haven't tried
to mint crvUSD but I mostly understand how it work.
Trying to wrap my head around losses - let's say we create a bot with the standard 7.85% leverage, automatic repayment at 1% and 20% of automatic repay/deleverage ~ what would be maximum loss (approximately) of initial colateral if price went down and bot closed the loan?
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Great question! let me get to my laptop and jam out some Learnings!
Great question! let me get to my laptop and jam ou...
BEFORE WE START SENPAI: 1. Leverage is high risk, not matter how cool Palomabots are at managing your position. 2. Paloma's Curve Leverage bots are under heavy development. We're constantly improving and fixing bugs and issues so if you use the bots, be vigilant and ping me in DMs if anything seems weird or doesn't just work. 3. Paloma bots are all managed by Paloma blockchain so we don't custody your funds nor do we have access to them.
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