Kenton Prescott

This will be interesting… it makes me think that a CDP can be used to open a margin long position on any reference rate.

What is the difference between baking and Ethereum’s staking?

A possible addition: http://blog.niraj.io/ethereum-sat

Hi Preston,

A few clarifications:

1. When the collateralization ratio (CR) of the CDP hits the liquidation ratio (150%), the dai platform automatically liquidates the position to cover its bad debt + liquidation penalty (13%). To recalculate, if we assume an initial CR of 200%, the collateral would be…

Thank you for the succinct overview!

Excellent use of a Statics reference! Thank you Will

I just died during the 5 mins it took to read this.

Hilarious. Thank you.