1) Some random thoughts on borrow/lending
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返信先: さん
2) NOT INVESTMENT ADVICE. NOT BORROWING ADVICE. NOT LENDING ADVICE. NOT ADVICE. JUST NOT.
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3) There are a bunch of borrow/lending protocols; , , , etc.
There's a complicated backstory that this post isn't going to attempt to address.
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4) I'm not talking about who did what. I'm also not talking about their respective tokens.
Each token has some price/market cap/etc. I'm not looking at those, and so don't know how this would apply to that anyway.
This is about the protocols.
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5) My sense -- and this could be wrong! -- is that you can sort of order them on a spectrum:
Compound -- Aave -- Cream
from safest to boldest.
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6) In general when you introduce more coins, move faster, etc., you increase the default surface of these protocols.
You also increase the utility of them.
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7) That's not to say everything is a tradeoff!
Adding some things massively increases utility and doesn't increase risk that much.
Adding others does the opposite.
But on the pareto frontier there are tradeoffs.
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8) My TL;DR here is: variety is good.
Some situations call for super well understood, immutable, 'safe' coin lists with no frills.
Others call for dynamically adding where there's demand.
For instance -- should you be able to lend UNI and borrow against it?
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9) On the one hand, it's super volatile, and adds risk.
On the other hand, there's huge demand, and it would add a lot of value to be able to accept it.
There's a tradeoff there!
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10) More generally in DeFi, I'm excited to see more projects build variants on each other instead of pure copy-pastes.
Pure copy-pastes don't add much. Variants let people choose which version suites their needs.
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11) I'd love to see AMMs branch out (like did!) into differentiation; and I'd love to see more types of pools people could use instead of assuming that pool == x*y=k AMM.
And I've love variants on rebases: not pure splits but a treasury managing the new tokens.
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12) have some creativity, y'all!
And particularly be creative when it comes to the product, not just the memes.
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返信先: さん
whats your thoughts on flash loans security? Example weakness such as their used decentralized oracles that can be “attack” vector to drain flash loans? and overall u think system as it is now is safe ?
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