I'm just waiting for Thor to finally unlock more loans on their lending protocol so I can go leverage on some more crypto.
This next bull will be massive! We will finally see the game theory behind the end game of Bitcoin where countries will have to start buying up some of the supply to put in their own reserves.
Khal said the same thing, I might have to take another look into this.
I know it has risk, but I thought they limited the borrowing amount to limit the risk, and if the token's price increased they also increased the limit, but I need to check up on this.
From what I've researched 2-3 months ago, because the product has risk, they need to contain the risk, and that means putting caps on the borrow amount, just like they currently have, but if $RUNE increases in price, they should and will be able to increase the cap
But my knowledge might be outdated, need to investigate it a little better.
Sky still has the liquidation risk, don't want to see the market going against me and me having to chase a losing position, that's why I haven't used it...
I've been taking a look at Alchemix, they have a self repaying loan protocol with no risk of liquidation, which is very interesting, might use them, just need to see if the smart contract risk is worth it.
PS: That whole MakerDAO rebranding was so bad... they lost a bunch of community DAO members.
I'm just waiting for Thor to finally unlock more loans on their lending protocol so I can go leverage on some more crypto.
This next bull will be massive! We will finally see the game theory behind the end game of Bitcoin where countries will have to start buying up some of the supply to put in their own reserves.
I was under the impression that they weren't going to do loans anymore due to potential risk.
Khal said the same thing, I might have to take another look into this.
I know it has risk, but I thought they limited the borrowing amount to limit the risk, and if the token's price increased they also increased the limit, but I need to check up on this.
AFAIK they aren't going to open more loans. The loan protocol is essentially deprecated on Thorchain
This is my understanding, unless something has changed
It sucks because I would have also used it heavily. I am still using Sky (formerly MakerDAO) on ETH in the meantime
From what I've researched 2-3 months ago, because the product has risk, they need to contain the risk, and that means putting caps on the borrow amount, just like they currently have, but if $RUNE increases in price, they should and will be able to increase the cap
But my knowledge might be outdated, need to investigate it a little better.
Sky still has the liquidation risk, don't want to see the market going against me and me having to chase a losing position, that's why I haven't used it...
I've been taking a look at Alchemix, they have a self repaying loan protocol with no risk of liquidation, which is very interesting, might use them, just need to see if the smart contract risk is worth it.
PS: That whole MakerDAO rebranding was so bad... they lost a bunch of community DAO members.