Exciting! https://tokeneconomy.co/superfluid-collateral-in-open-finance-8c3db15efac … @least_nathan previously told me that Ethereum was on the verge of experiencing combinatorial value generation from *composition*. This post by @delitzer shows some exciting examples of that.
No. Composition in this space means being vulnerable to other developers' security holes.
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That's why
@agoric. (When I told MarkM that Bitcoin was working, he immediately pronounced "I am going to have to apologize to Nick Szabo!"
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"Compounding financial primitives" is more like "compounding technical and legal risk."
Thanks. Twitter will use this to make your timeline better. UndoUndo
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That’s true in traditional finance too. At least here you’re only subject to dry code.
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No dry or decentralized code, they introduce _compounded_ risk from additional trusted parties: maker relies on 1 TTP picking holders that select trusted oracle TTP who have 0 incentive to behave. Eth has its own subjective premine rulers. wBTC = another. any fails = all fails
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