10 sats \ 1 reply \ @om 10 Jun 2022 freebie \ parent \ on: Fuji.money, a Lightning-enabled non-custodial synthetic asset protocol on the Liquid Network bitcoin
I see. Let me guess the reason you have to do centralized minting instead of whatever DAI is doing: there's no Chainlink on Liquid so somebody needs to be the price oracle?
Minting is a cooperative process. That could be made non-interactive, locking the re-issuance token in a covenant, but you would need an oracle attestation and make on-chain calculation to make the mint. We are going to explore that eventually but seems an over-kill, putting more pressure on oracle to be available at mint time also, besides liquidation.
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