kenta

Solidity Developer

[kenta @kentasato6]

confirmation number. e.g. circle https://t.co/31mjgp4m0a

[kenta @kentasato6]

32. In the Recovery Mode(the total collateral ratio is under 150 %), the Trove with the collateral ratio between 110% and the current ratio will be liquidated. So users have to care about the total collateral ratio too. @LiquityProtocol

[kenta @kentasato6]

1. How do you define Liquity with one sentence when your best friend asks you what Liquity is?

I would say, you can borrow USD-pegged stablecoin LUSD without interest by using Ether as collateral in the governance-free protocol Liquity.

@LiquityProtocol

[kenta @kentasato6]

31. The total collateral ratio is the collateral ratio of the system. Liquity has a "Recovery Mode" to prevent the system from the insolvent. Recovery mode is used when the total collateral ratio is under 150%. @LiquityProtocol

[kenta @kentasato6]

the above sentence is wrong. The right one is the following. In the case of the redemption, α * m / n will be added to the decayedBaseRate. So first the decayedBaseRate will be calculated and then α * m / n will be added to the decayedBaseRate in _updateBaseRateFromRedemption.

[kenta @kentasato6]

18. In the case of the redemption, α * m / n will be added to the baseRate. α is 0.5. m is the amount of redeemed LUSD and n is the current supply of LUSD. The new baseRate may be never 0 when it will be updated by redemptions. @LiquityProtocol

[kenta @kentasato6]

@tokenomicsdao Also Chicken Bonds since October 2022.

@ChickenBonds @LiquityProtocol