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【Curve Stablecoin $crvUSD - First thoughts on the train】

1. Totally new model. No endogenous collateral. $CRV is not even mentioned once in the whitepaper. So like neither $LUNA nor $FRAX.
2. Fundamentally like $DAI, a CDP stable, but with a new liquidation mechanism.

1/x
2/ #LLAMMA: old CDP stablecoins have a liquidation price. Once it hits that, gg liquidated. #LLAMMA continuously liquidates and recollateralises as the price of @ETH the collateral moves.
3/ The #LLAMMA also deals with the bad debt situation we've seen on Solend. With traditional lending borrowing markets, you can b
Read 24 tweets
🇨🇦#Canada #FridaysForFuture International update #ClimateStrike #'s for #ClimateActionWeek:
🇨🇦1,000,000 people🇨🇦 Thus 1 out of every 6 strikers globally was Canadian🇨🇦 as well as we were 3rd globally for total # of strikes. Thanks to all local organizers & national supporters.
1000 #Calgary AB
15 #Cambridge ON
40 #Campbellton NB
20 #Camrose AB
15 #Canmore AB
15 #Cannington ON
150 #CapAuxMeules QC
300 #Caraquet NB
300 #Chambly QC
200 #ChathamKent ON
65 #Chibougamau QC
400 #Chillwack BC
40 #Clare NS
45 #Clinton ON
500 #Collingwood ON
80 #Compton QC
Read 15 tweets

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