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We'd be locking up liquidity which is finite (so we'd have to defend against someone griefing us and locking it all up). And it means more is stored hot so that paired with some bug/exploit would mean big losses.

good point, seems fairly easy to abuse.

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account characteristics gating + request limiting + global rate limiting + time limiting helps with this. Think like a credit card company.

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don't credit card companies require way more KYC though?

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You have "KYC" because you offer it to SN accounts only.

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