IF the transfer is not completed through the CL nodes

Question

WAGMI: Chainlink Community

Lyvoo

IF the transfer is not completed through the CL nodes

then the slash fee gets paid to user maybe?

#blockchain #cryptocurrency #english #link

0

12.04.2024

4 ответов

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Drake

mashed mole
Yes sure, but what I mean is if your network fails...

Its hardly the same as bancor, this would be for an explicit failure which would be rare if ever but enables you to provide insurance coverage with stake pools and reserve threshold requirements nodes will need to comply with in order to participate in high value DON's offering this additional level of protection for a premium fee. Basically the same as the insurance industry operates but more transparent.

0

5 месяцев назад

mashed mole

Drake
Its hardly the same as bancor, this would be for a...

I don't know, it's pretty simple. The network fails, it triggers a sell, this decreases the value of the token, decreasing the value of the amount collaterised, weakening the network, etc... This is just one of many risks so curious to see how they adress this

0

5 месяцев назад

Drake

mashed mole
I don't know, it's pretty simple. The network fail...

>reserve thresholds to cover volatility , this isn't remotely the same as what bancor was doing, actual failures would be extremely rare, as the value of the token is falling, the amount of stake required is increasing

0

5 месяцев назад

mashed mole · Accepted Answer

mashed mole

Yes sure, but what I mean is if your network fails, and this triggers a sell of your own token, this can lead to a dramatic downward spiral, like it did for bancor for instance. So I wonder what they will put in place to avoid this

0

5 месяцев назад

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IF the transfer is not completed through the CL nodes

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