So what was the fatal flaw with the Thorchain loans at 0% interest and no threat of liquidation because I was just looking at that a couple days ago?
So what was the fatal flaw with the Thorchain loans at 0% interest and no threat of liquidation because I was just looking at that a couple days ago?
There's no fatal flaw with it if Rune outperforms the collateral being used.
But every time Bitcoin outperforms Rune the network owes back more and more money to the user... assuming the collateral is Bitcoin. Ethereum was also an option while the doors were open.
So they aren't doing any more loans currently?
the caps have been maxed out for like a year and rumor has it they don't plan to increase them and are going for a quiet sunsetting of the protocol
Ah, ok.... interesting stuff because I got all hyped when I saw it the other day but hadn't done anything with it.