13 sats \ 1 reply \ @CruncherDefi 10 Jul \ parent \ on: Building Lendasat on ARK - Introducing DLC VTXOs bitcoin
So this works for just sats too.
How so? If bitcoin appreciates in value, both debt and collateral increase in value cancelling each other.
Unless you borrow and repay some USD-denominated amount of bitcoin. That would make more sense. And it is probably something like it, since we have an oracle in the system.
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13 sats \ 0 replies \ @lendasat OP 14 Jul
Unless you borrow and repay some USD-denominated amount of bitcoin. That would make more sense. And it is probably something like it, since we have an oracle in the system.
Yes, this is how it works. The loan you take is USD-denominated meaning the exact sats amount will vary.
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