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It doesn't do anything useful so the 10x really is meaningless if it was ever claimed by anyone in the first place. For example you need to have locked $400 of
by cuteboy19 4y ago
It doesn't do anything useful so the 10x really is meaningless if it was ever claimed by anyone in the first place.
For example you need to have locked $400 of some token for a "loan" of $100. How is this efficient?
- tarunmuvvala 4y agoToday the securities are on paper and not linked to each other. if just making them on-chain improves the provability that an asset is not getting leverage multiple time in an ecosystem
- cuteboy19 4y agoYou can trade Bitcoin on an exchange that never handles Bitcoin. Synthetic securities can always be constructed regardless of how the original securities are represented. In this sense blockchain isn't much better than og paper shares