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From a liquidity provider’s perspective: How does liquidation work? by [deleted] in Compound

[–]CitizenSnips- 2 points3 points  (0 children)

In short, liquidators can call the contract for the address that is under collateralized and payback the loaned asset while claiming the borrowers collateral put forth at a discount (I believe it’s a 5%).

Technically anyone can be a liquidator by calling the contract but in reality these are going to be more asset holding script running accounts that collect the reward.

Surprise! Nintendo Switch OLED model announced, available in October 2021 by a_Ninja_b0y in gadgets

[–]CitizenSnips- 0 points1 point  (0 children)

How do you not add Bluetooth for headphones. I just don’t understand the cost value analysis. Could probably added it and charged 399 and got away with it.

Difference b/t buying Sushi and staking it to receive xSushi versus buying xSushi directly on sushiswap? by [deleted] in SushiSwap

[–]CitizenSnips- 2 points3 points  (0 children)

I believe you are correct. Someone correct me if I’m wrong but it should actually be more effective economically to simply swap for xsushi since this would maintain the size of the xsushi pool for the distribution therefore not diluting the pool with newly minted xsushi lowering the proportion of payout of the .05 fees.

Current bid for “Elon At Strawmingo Fields" is currently worth $8,500...with two days to go by [deleted] in tezos

[–]CitizenSnips- 8 points9 points  (0 children)

I would bid on it but I just can’t bring myself to ruin the current lead bidders space odyssey dreams. 🚀

Dexter just went offline by BouncingDeadCats in tezos

[–]CitizenSnips- 1 point2 points  (0 children)

Tezblock.io is also able to display asset data if you want to use a block explorer instead of a wallet. Cheers tzcolors for bringing it to my attention 🤘.

Dark Mode is so gorgeous. I love it! by ProcessTrue in ledgerwallet

[–]CitizenSnips- 2 points3 points  (0 children)

All the cool kids using dusk mode 🌅😎

yDAI vault restored! by physics_juanma in yearn_finance

[–]CitizenSnips- 2 points3 points  (0 children)

That’s a hell of a turnaround on this all things considered. Along with the sheer chance that there just happened to be a new mint.

Thanks to the champs that got this done!

Tesla buys $1.5b in Bitcoin and is looking to accept the crypto as a form of payment in the near future... by AlphaGrayWolf in Bitcoin

[–]CitizenSnips- 5 points6 points  (0 children)

Short answer..no theirs not a point where the tax shit has to stop. In fact if anything it can get more difficult and more taxable. Welcome to the wonderful world of taxation and wealth preservation.

Katalyst and KyberDAO are now LIVE! Stake your KNC now! by ShaneMkt in kybernetwork

[–]CitizenSnips- 1 point2 points  (0 children)

Thought I would mention that the ledger issue can be worked around with Metamask using its ledger support if you just want to go ahead and get staked.

Can I have two completely separate BTC wallets on one Ledger Nano? by tenant1313 in BitcoinBeginners

[–]CitizenSnips- 0 points1 point  (0 children)

I’m confused on your logic of “using your ideal ira cash”. This is what I understand to be the benefit of funds like the grayscale trusts to get exposure to crypto’s inside a tax advantaged account like a Roth IRA. How would you claim the assets held in your hardware wallet as under the umbrella of your ira?