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Dor Konforty Profile picture
Dor Konforty
@DorKonforty
I care about facilitating collaborative architectures in networks between and within humans.
Sep 15, 2020 • 13 tweets • 3 min read
@NexusMutual's recent change to the mechanism determining MCR%, and therefore NXM token price, will lead to a runoff decrease in MCR% and decrease in token price due to the $SAFE effect. Read on >> Until today, MCR% increased by 1% per day as long as the Capital Pool had enough funds. This provided a steady increase in available cover, whereupon every 1ETH extra in MCR floor translated into 10ETH of more cover ready to be utilized. >>