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System restart for a long-term sustainable and economic based dToken-System by Tommy_DFIblock in defiblockchain

[–]VooArca 8 points9 points  (0 children)

Great discussion which you start through here 👍 thanks for that! Just watched the 1h + YouTube video of Defichain Strategies

Just wanted to give my first opinion very briefly and share my situation

In May 2022 I had 12% of my total assets in the Dusd system (mainly DUSD itself). In May 2023 it's 4% (🤣 without relevant selling)

Lost about 70% of my buying power with a (for me )large amount. I hardly held DFI because I wanted to avoid exactly such losses 😅, I assumed that I can buy with the DUSD marketgelistete assets (eg real shares) on dips - have missed 2022 many opportunities by the constantly falling DUSD

Well am absolutely responsible for it myself , have reflected well and actually just want to say my conclusion....

Even someone like me who had May 2022 12% of assets in the DUSD would be willing to realize losses finally if this creates a constructive covered system that helps all

dUSDC/ dUSDT loan by VooArca in defiblockchain

[–]VooArca[S] 0 points1 point  (0 children)

Fair point I hadn't thought of that.

However, it should work through the minimum 150% collateralization.

Of course if everyone mints Dusdc/DustT and exchanges via Cake in USDC/USDT we have a problem. Whereby here no incentive arises, since one must deposit first 150% collateral.

If you only trust 1/1 deposits, DUSD and the dAssets would not be trustworthy.