what % of them go under in the first day?
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Haha like 50% or something. Based, Yam, that scam from yesterday with the faked approval.
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Go under is not accurate have a contract issue would be more accurate. But it’s a matter of time before there is a catastrophic loss imo.
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Lol every second this doesn’t blow up this trade looks more and more like genius so...
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Taleb made a lot of money exploiting asymmetric risk like that. I don’t quite think the risk of smart contracts defaulting is properly priced into the daily interest rate.
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rates of which protocol? Sushi or like Compound/Aave?
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Any protocol. at least taleb had black scholes Merton Option pricing model (which was also based on false assumptions like independent and standard normally distributed price changes) but we have currently no model to quantify the risks involved in smart contracts defaulting.
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Yeah agreed on that, though you can ballpark it.
I think the world is currently ballparking Sushi as ~50%/day to explode and Maker as ~0%/day, and both of those seem wrong to me.