Time for $SNX and $sUSD to claim the throne #DeFipic.twitter.com/pWpruVWDAW
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What happens if the USDC becomes frozen?... since it can be
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Then MKR gets auctioned off to cover the bad debt. While the 20M USDC debt ceiling is fairly high, MKR would still be a viable backstop if it was only USDC collateral that blew up
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20% SF for USDC vaults?
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lock 125 USDC to get 100 DAI and pay 20% interest to boot ...
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What a deal!!
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Stablecoin backed stablecoin :')
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That’s disappointing. Fairly rushed decision, too.
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On the one hand this is awesome. On the other, significantly reduces censorship resistance. Not sure how I feel...pic.twitter.com/qqdLWioXrT
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DaiT, 1:1 backed by dai in cold storage, but something something advantages something something reasons
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