3 ms·
>When loan contracts are enforced transparently and in accordance with terms that are immutably encoded, there is virtually zero risk of fraud and mistakes. Li
by charleslmunger 3y ago
>When loan contracts are enforced transparently and in accordance with terms that are immutably encoded, there is virtually zero risk of fraud and mistakes.
Like solend?
https://app.realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5VKxPMnXJUZ1Hn/proposal/HuaL6cDtuNtfnJgvwMnYiZDHVCoLAuDtVFgJD8kYChJ4 https://app.realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5...
- ETH_start 3y agoSolend is not anywhere close to being a "DeFi primitive". Those would be: * Uniswap V1/V2 * MakerDAO * Aave * Compound * Curve They're immutable, heavily audited, and been subject to intense live-testing in an adversarial environment, where billions of dollars worth of digital assets have been locked by them for years, which has acted as an effective bounty for every hacker in the world.