zachrosen23

3 ms·

1.
GPT has come a looong way(imgur.com)
3 points by zachrosen23 3y ago|1 comments
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by zachrosen23 3y ago
Taken from www.brellium.com https://imgur.com/HoZj2qi
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by zachrosen23 4y ago
Correct. The liquidity pool is a smart contract that accepts collateral + trade and stores liquidation threshold. If collateral ratio falls, a bot can trigger liquidation by calling smart contract, smart contract verifies that threshold has
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by zachrosen23 4y ago
Liquidity pool holds token X. User decides to short token X. Pool collects collateral from user, then market sells token X. User can buy token X back and return to pool at any time. If not returned and liquidation threshold reached, off-cha
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Show HN: Long and Short Any Crypto
2 points by zachrosen23 4y ago|5 comments
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by zachrosen23 4y ago
USDC. Audited + backed by cash and US treasuries
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by zachrosen23 4y ago
Thanks! Fixed!
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by zachrosen23 4y ago
Both. FedNow is promising! Excited to give it a try when it goes live. If we can't build + distribute a product better than the federal reserve, we've got bigger problems :)
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by zachrosen23 4y ago
Definitely could if you're more technical (not our customer segment). Also want to note that receiver can either keep funds in Fortress or just route to their usual bank account.
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by zachrosen23 4y ago
Sounds really cool!
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by zachrosen23 4y ago
Fully backed stablecoins are redeemable from their issuer 1:1, regardless of what they're trading at on secondary markets
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by zachrosen23 4y ago
Thanks! Fortress can also slot into legacy infrastructure. Finality guarantee is also actually stronger with a stablecoin payment (cryptographically irreversible) vs a wire (99.9% irreversible, absent a bank mistake or court order).
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by zachrosen23 4y ago
Built on blockchain rails. Works like a 1-click bundle of debit sender account --> buy stablecoin --> send stablecoin --> (optionally) convert to fiat and disburse to receiver bank.
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$1 Instant Wire Transfers 24/7(tryfortress.com)
31 points by zachrosen23 4y ago|48 comments
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by zachrosen23 4y ago
Running a trading company, I send and receive a lot of wires. When wiring a few times a year, the $30-$75/wire fee is annoying but doable. Since we send dozens a month, we rack up $1k+/mo just in fees. Tried switching banks and se