20094
This group is about DeFiChain - a project that is bringing DeFi to the Bitcoin ecosystem! For more info: https://defichain.com
With 150%, you can get a 100usd loan against 150usd collateral. Anything above that you are secure.
Me, I personaly don't have less than 200% collaterization, on a 150% vault. But I always try to go up to 225% for a 150% vault.
Gives you peacefull nights. Market would really need to go south with some blackswan event for you to get rekt overnight.
Not get liquidated sooner, perhaps a misuse of wording.
What I meant to say is that the higher the collaterization ratio the bigger the amount for the same loan.
Like 500%, needs 500 usd value of collateral for just 100 usd loan.
Will not get liquidated faster, I meant he will need to have much more money as colateral, price variations will look more brutal. Just that.
Also, it gives a false safety sensation. Users many times think that having much more collateral helps them avoiding liquidation.
This is only true if you choose a low level of collaterization vault, but manage to keep it with a really high level of available collateral. Choosing a high level collateral vault and letting it play close to that level is the same thing as choosing a low collateral vault and let it roam around that level. The only disavantage? You pay more interest.
Look at the example above, a user just got the vault liquidated because choose a high level of collaterization, but left it unguarded abd collateral reached the level.
I think it may have been misundertanding of the mechanics of the vaults, based on his coment.
Looking at if in the wallet, fortunatelly just had a couple dollars of crypto, likely for experiment. Imagine with really big amounts.
then it was liquidated because the collateral had fallen to 499%
Читать полностью…
Why is my vault liquidated when collateral (dfi) is 5x larger then loan (dusd)?
Читать полностью…
Sorry your english seems a bit confusing. Not yoir first language I guess.
So you are saying you sent DFI to the lightwallet, on the EVM side?
And you sent from where? Metamask?
in etherscan when I enter the address oxB1...... give by defichainwallet I have the defi present; they are in erc20 token that is what is blocking
Читать полностью…
300$ in DFI for the Vault.
Want to mint 100 DUSD.
So when i get liquidated with
A: 150% min. income support rate
B: 200%
C: 350%
?
Thanks
I sent my defi to my defichain wallet
Читать полностью…
Hi! Sorry but you must be making some confusion.
The defichain wallet cannot receive tokens from the ETH network directly, they need to be wrapped on order to be used by the blockchain, which is currently unavailable.
The fact that you sent something by the ETH network to a recipient and etherscan can display that tranference, does not mean that the recipient can receive the transaction.
Are you sure of what you are saying or missing some information? Because if you actually made such transference, your tokens are likely lost, depending on the source from where you sent them
If you have 200% ratio for a vault of 150%, DFI would need to decrease by 25% for you to get liquidated. It depends on your risk tolerance.
Читать полностью…
Hi, i have little noise sent from collapsing cake to the defichain wallet.
Now i want to do something..
I read Kügis advice on X:
300$ in DFI in a Vault
100 DUSD Minting
Then you get some DUSD each day because the neg. Interest rate.. Today about 670% i think
Ok, now my questions(never start a Vault) :
What about the minimum income support rate?
That's the first i must click when open a Vault.
How much is it in Kügis example?
P.S. I want to sleep well, so it should be not be too risky because liquidate...
The fee is going down so impact will decrease, we have the NI that bring unbacked dusd back from the grave and we have the unbacked dstock like Microstrategy that keep going up increasing the amount of unbacked dusd
Читать полностью…
And is the same if you buy now a 15-17 cents and it goes to 45-50 cents why wouldnt you take profits
Читать полностью…
Not exactly if you bought 100 dusd at 1.5 cents that is equal to 1.5 dollars after the not a haircut you have 10 dusd at 15 cents that still equal to 1.5 dollars if it goes to 30 cents you double your money y it goes to 45 cents you triple your money and so on
Читать полностью…
I don’t understand why someone would do this. If you buy $10 worth of DUSD, 90% gets locked away, leaving you with only $1 worth available. Even if the price doubles or triples, when you sell, you’re still at a loss of $5 to $7. So, what’s the point of selling in this case?
Читать полностью…
Yes. It makes sense. I second that of feeling more secure with a higher collateral percentage.
Let's say you have 150% collateralization. How much collateral can you add to the loan? So you can have a 150% collateralization but a higher security margin?
Why will he get liquidated sooner with a 200% collateralisation?
Читать полностью…
You get liquidated with any collaterization level, as long as it's achieved. Actually 150% is the safest you can be.
If you choose 200% you will need way more collateral for the same loan and will get liquidated far sooner. The advantage? You pay less interest with a higher collaterization level, but since we currently are under negative interest territory, that is not relevant.
What seems to be your confusion? It's as simple as Bernd said. Let me try to refrase it.
Imagine you want a 100usd loan.
If you have a 150% vault, this means you will need to have there a bare minimum of 150usd (so, 150% of 100, in fiat value, not amount of tokens).
If your collateral falls under this 150usd value, you are liquidated.
Same happens with 200% collaterization. If you want a 100 usd loan, you will get liquidated if your collateral tokens value in usd fall under 200 usd. The ideal for a user, since we are under negative interest so no interest is paid, will be a 150 collaterization level vault, and then ensuring that you always keep like a 200, 220% level.
Was I able to help with the basic idea?
Ok, 150% is too dangerous 👍🏻
But what about the numbers i wrote?
Is it too difficult to calculate the result?
Would realy help me to support the Defichain restart!
for a 150% vault with 150$ collateral and 100$ loan you will get liquidated if collateral falls below 150$ or if loan increases above 100$
I would stay far away from these 150% level - crypto is dangerous. prices can rise and fall very fast.
with the ether network as the wallet asked me where I had these challenges
Читать полностью…
Hm, i don't think that is the correct answer of my question.
Читать полностью…
why do my challenges transferred via the ether network not appear in my defichain wallet even though they are transferred correctly by referring to etherscan
Читать полностью…
If there is no burn fee and tokens are not locked, a small group of traders can exploit the system, even if many others are actively supporting the price action.
Is this considered ?
Selling will still incur a burn right? So shouldn't that help reduce the dusd supply in the long run?
Читать полностью…
But some will buy at 50 cent, selling at 70 cent etc.
Читать полностью…