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Shouldn’t a lending pool have safeguards against a single borrower taking out too much? Maybe lending pools will need to start adding such safeguards now. Rece
by jzl 4y ago
Shouldn’t a lending pool have safeguards against a single borrower taking out too much? Maybe lending pools will need to start adding such safeguards now.
Recent tweet about this:
https://twitter.com/cryptadamist/status/1538725895158091781 https://twitter.com/cryptadamist/status/1538725895158091781
- philipwhiuk 4y agoMaybe they should prevent a single borrower owning so much in the first place.
- SilasX 4y ago>>my gut says come tomorrow more or less every single #DeFi platform of any size will find out it has been "overcollateralized" with shitcoins and completely drained of fiat backed #stablecoins like $USDC. Sounds like his gut turned out to be wrong.