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102 sats \ 0 replies \ @TheBTCManual 13h \ on: Ducat claims collateralized loan liquidations enforced onchain, no 3rd party bitcoin
Lol so what do you do with UNITS, there's no liquidity? Even the biggest on-chain protocol that took this concept to the max makerDAO still had to hold USDC and build out massive liquidity pools to make it work adding more custodial risk on it
I honestly don't see the point of these borrowing protocols, just spend your sats or go to regulated lender and take that custodial risk on with a company you can sue for a partial repayment if it goes sideways