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SBF
@SBF_FTX
3) I'd also like to thank everyone who gave input on the vote and ultimately decided against: see here for
@Dharma_HQ
's reasoning: twitter.com/Dharma_HQ/stat TL;DR: wanted more liquidity and safety checks on $WBTC.
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Dharma
@Dharma_HQ
3/ Prop 16 follows on Prop 14 in attempting to add a collateral factor for wBTC. We believe Prop 16's proposed collateral factor, 40%, is still too high, given the two concerns that have been raised: a) low spot liquidity; and b) minting collusion. We favor a lower initial CF.
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SBF
@SBF_FTX
4) Going forward, I'd love to see: a) people implement ratelimits on WBTC entering Compound, which could limit the downside and allow for a higher collateral factor b) more liquidity for WBTC--both on exchange and in minting We're happy to help out in any way we can here :)
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SBF
@SBF_FTX
Replying to
@SBF_FTX
5) I remain excited about Compound, COMP, and the future of DeFi. Let's try to iron out the details and build products that can move the space--and the broader financial ecosystem--forward!
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Decentral Station
@DecentralStn
Replying to
@SBF_FTX
and
@SBF_Alameda
Listings would certainly help for adoption. I used to convert BTC into XRP or other coin for transferring between exchanges. WBTC can certainly be of help here. Also, exchange liquidity will help to reduce massive peg drop during liquidations.
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Decentral Station
@DecentralStn
Replying to @DecentralStn @DegenSpartan and 2 others
and so it begins... $BTC-$WBTC on a CEX. twitter.com/bittrexglobal/
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