It has to be permissionless and open. AML - Yes rules should be there but it has to be worked out. CP-If people are not confident to handle their own assets then bank can put their premium to handle for them. Audit bank issuing stable coin.
@federalreserve provides additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities: https://t.co/V4qNSWzes8
@Bitboy_Crypto That proves CPI data is not a feeling and chart to look at the current price. The best way to guess is to check the fall in demand. A spiked price wouldn't come down until demand is down.
It will be interesting to see what @SBF_FTX will be viewed as. Since #blockfi, #CelsiusNetwork , #LUNA fu**** it up, any leftover from SAM's feast is good.
It will be interesting to see what @SBF_FTX will be viewed as. Since #blockfi, #CelsiusNetwork , #LUNA fu**** it up, any leftover from SAM's feast is good.
Most of the projects are replicated during the bull run and are now in non-liquid markets. its important for #DeFi to relook OTC and DEX automated integrations and bake in liquidity on #DEXs for liquidation chunks
#DeFi not only needs to watch market price for collateral and liquidation. But also watch the liquidity on the #DEX to provide any loan to a single wallet, so it doesn’t run into death spirals.
liquidating by voting at the current price is just stupid. Look at upgrading your protocol so it slowly bleeds according to market conditions and liquidity on DEX so users are incentivized/penalized to maintain health not by Twitter begging.
About this paragraph:
The intent is to allow the liquidation to be handled gracefully OTC with e.g. 3% slippage vs on a DEX with 46% slippage.
Ideally this would be done on-chain with no emergency procedure. But due to the urgency of the problem, responsiveness is key.
Looks like I am not the only one who is super bullish on #Solana in the future. Every time there is a BTC dip @solana pops back faster. Can anyone help me with TA, please?
We will remember how leverage trading fucked this market. By going agaist them is like banning liquor shop because people are getting drunk. New theme "Be a responsible bull @bybit"
We need to look for 2024, at max we can get one small pump which wouldn’t last long. Based on 100 different factors. Biden’s election, FED’s choice of favorite child #Inflation or #GDP, market manipulator, the #housing-bubble over-leveraged #DEFI pops. No one really knows.