Why should I redeem DAI from a -100% position?
TL;DR: as a manager, you may have noticed an active position with a KRO to redeem balance displaying -100% on your dashboard. That doesn’t imply there is no value still locked in it.
That’s why we updated the user interface with a new section “DAI to redeem”. If you redeem the DAI from a -100% position, then you protect Betoken from further losses. By doing so, you protect your own commissions.
Not sure what we’re talking about…
Last month, we introduced a new design to punish huge manager’s losses: losses below 10% lose the normal amount of KRO, whereas investments with more than 10% losses lose a lot more KRO as the losses increase. Investments with losses above 25% lose all of the staked KRO, causing a -100% KRO to redeem.
We received feedback regarding the lack of incentives for managers to close their positions down 25% or more. We released a quick fix (circled in blue in the image above) to inform managers with positions displayed as “down 100%” that there are still DAI to redeem in the position.
