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You can easily short Tether on DeFi platforms that can’t be locked down.
by dcolkitt 5y ago
You can easily short Tether on DeFi platforms that can’t be locked down.
- arcticbull 5y agoNot really, and you shouldn't try. The highest recorded price for 1 USDT was $1000 at a centralized exchange, and do you really trust your counter-party in a DeFi transaction not to get flash-loaned into oblivion or to rely on a bad oracle? [1] You also have to post crypto collateral which may get rekt alongside a Tether collapse. Who even knows what that might look like? The only way to win is not to play. [1] http://rekt.news http://rekt.news
- lemmonii 5y agoThe only realistic way to short tether is to take a DeFi Tether loan and use some other stablecoin (You must trust that it's peg will hold longer than USDT's) as collateral.