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  1. #7801
    Incel Parkerscott's Avatar
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    ETH utilization at 83% and BAT utilization at 44%

    Maker CDP's are going crazy!
    *Instantly skipped on Omegle crew*
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    *FA crew*
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  2. #7802
    Registered User savageoldman's Avatar
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    FET for the traders

    main net sometime this month, strong monthly chart
    old g
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  3. #7803
    Serenity Now! FrankCostanza's Avatar
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    Originally Posted by savageoldman View Post
    FET for the traders

    main net sometime this month, strong monthly chart
    main net for? FET?
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  4. #7804
    Serenity Now! FrankCostanza's Avatar
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    Originally Posted by Parkerscott View Post
    ETH utilization at 83% and BAT utilization at 44%

    Maker CDP's are going crazy!
    what does that mean?
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  5. #7805
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    Originally Posted by FrankCostanza View Post
    what does that mean?
    A CDP is a collateralized debt position. I take $10,000 worth of BAT, lock it in a smart contract and get an extra $3,500 worth of DAI that I buy BAT or another asset with. I now have $13,500 worth of BAT and pay a 4% fee each year for interest. I can pay down the debt anytime or raise my collateralization ratio. So in this situation my collateralization ratio would be roughly around 280% and BAT would have to fall to $.11 for me to get liquidated. In the event of liquidation which is when the collateralization falls below 150% you pay back the debt and are hit with something like a 13% liquidation fee. In this scenario though i can pay back the debt at anytime to lower the ratio or take that extra $3,500 worth of BAT and throw it at the collateralization which brings the ratio towards something a little over 300% and a liquidation price of around probably $0.09

    It sounds complicated, but once you figure it out and actually create a CDP its a pretty easy process.

    The utilization rates of CDP's are also hitting their caps which means maker has to raise the caps on how much dai can be minted from CDP's

    Nearly $1.5m for BAT and $46m from ETH

    https://daistats.com/
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  6. #7806
    Registered User jreacher's Avatar
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  7. #7807
    Registered User cryptobrotube's Avatar
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    Originally Posted by ghostfacedup View Post
    Anyone claiming Hex? the Richard Heart project
    I know the pirate bay is. They put it on their homepage
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  8. #7808
    I ain't no bitch lowstrife's Avatar
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    Originally Posted by ghostfacedup View Post
    Anyone claiming Hex? the Richard Heart project
    Another ponzi. I would stay as far away as I could.

    Richard Heart is a scumbag and I wouldn't trust him to give me a water. I can provide some information on why this is the case if you need.

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