Liquidating loans used to be for institutions only. @RujiraNetwork democratizes this.
Now, everyone can buy liquidated positions with a discount up to 30%.
Name another protocol that allows you to buy $BTC or $ETH at such a discount.
Placing an order with your idle stable coins and having only one fill a year would already outperform every stable coin farm around.
Credit Accounts are now LIVE on Mainnet!
This unlocks one of Rujiraโs biggest upgrades and laying the foundation for the return of Orca and RUJI Liquidation
This launch sets the stage for the next era of credit and trading on @RujiraNetwork
Hereโs what you need to know ๐งต
@RujiraNetwork BUSD or USB (bitcoin backed us dollar)
โฟUSD or USโฟ
RUSD
USr or USR (rune/ruji)
UST (Thorchain)
The bitcoin in the name would also mean it is only backed by bitcoin and only bitcoin forever. So we dont get ideas when the good times or coins come along.
@CALC_Finance@RujiraNetwork@THORChain Maybe I just miss it. Mentally, it's a nice separation of strategies. Also, thinking of the new user, it might be missed in the UI of trade, especially as more features are added. The advanced options like the multiplier and floor/ceiling price can easily be overlooked.
๐๐ก๐ ๐ฅ๐ข๐ง๐ ๐๐๐ญ๐ฐ๐๐๐ง ๐ฉ๐ซ๐จ๐ญ๐จ๐๐จ๐ฅ ๐๐ง๐ ๐ฉ๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐ข๐ฌ ๐ ๐จ๐ง๐.
@THORChain and @RujiraNetwork donโt just integrate; they operate as one system
โOne architecture.
โOne mission.
โOne unstoppable force,
Tearing down the old DeFi order.
Let me tell you all about it๐
A ๐งต