As Curve Averts DeFi Demise Spiral, Fiasco Exposes Severe Dangers

by Jeremy

“I do not essentially suppose it is a signal of unethical habits, however it does open up dangers – precisely as you’ve got seen happen – and the dangers are usually not too exhausting to foretell,” remarked Powell. “When you’ve got a $100 million mortgage, and you’ve got that on leverage, and it is in opposition to your token, there’s an opportunity your token might drop in worth and also you’ll have to liquidate it to cowl your self.”

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