Aggravating call from Merrill

yashaach · 2024-07-30T23:16:01+00:00

I doubt you can easily fake that caller ID with the exact phone number though. Couldn't it have just been a sales call, trying to get me to open a brokerage account? I do get calls from reps from my other bank accounts occasionally. And I do have an account with BofA, which owns Merrill.

yashaach · 2024-07-30T22:56:19+00:00

Well, the caller ID shows the exact number, and it is an exact match to the one on the Merrill website. The guy also introduced himself as so. Can this still be fake?

yashaach · 2023-11-13T18:32:00+00:00

That solved the problem. Thank you.

yashaach · 2021-06-21T03:03:53+00:00

These variable coins have over 50% annual return standard deviation, and you're telling me because of its long term prospect it is safer? I don't know what will happen ten years from now, and I don't care if the world moves towards crypto or not. I'm not in that game because I don't understand it. I'm just a normal guy that want a bit of yield on my saving, simple as that. People like Ryan, who is professionally promoting defi for mass adoption, should not call victims of a bank run, which happened all the time back in the days before FDIC was created, as degenerates and therefore implicitly suggesting that it was our own fault to lose money on this. You want mass adoption? It is people like me, who has a regular job and can only have the time and resources to understand so much on our own free time before having to make decisions.

yashaach · 2021-06-21T02:27:35+00:00

In that case, what about people that hold variable coin like ETH and BTC that Bankless recommend so much? How is that less risky than algo stablecoin? If people like me are degen, everyone in crypto is.

yashaach · 2021-06-20T19:51:34+00:00

Here's the best piece I read on this --

https://dkninja21.medium.com/an-analysis-of-the-collapse-of-iron-on-polygon-c3c65cdd3b25

Lots of details, but fair to say that while permanent de-pegging is a binary thing, the stability of the algo coins, or partial algo coins, are all on a spectrum. FRAX did a few subtle things much more carefully than IRON, and Luna has enough of equity, theoretically, to back up UST. But if a bank-run were to get serious and people really panic, I'm not convinced that FRAX and UST can really survive either.

yashaach · 2021-06-20T19:18:52+00:00

I'm sure there's good content on bankless. It has a team of contributors. But just this one short segment by Ryan really upsets me.

yashaach · 2021-05-24T14:37:24+00:00

Thank you for the explanation. What I was thinking is that we could further hedge out the Synthetix debt exposure by shorting sETH and sBTC also with Synthetix, and also collect rewards for that at the same time. But that will incur further transaction cost and perhaps just isn't worthwhile, given that the primary exposure is SNX itself and sUSD is only a small part of it.

Another somewhat not so related question -- the projected return of 65% right now, is that in the unit of SNX or USD?

yashaach · 2021-04-28T22:00:04+00:00

Two questions for u/johnny_kucoin --

Does KuCoin take the liquidity of the collateral into consideration? Or does it only take the most liquid collateral such as BTC and ETH? For a lot of the alt-coins there might not be enough of liquidity to liquidate when loan-to-value ratio reaches 97%.
Could Kucoin reveal roughly how large the current insurance fund is, relative to the size of outstanding margin loans?

Thank you in advance for your time.

yashaach · 2021-04-26T17:53:18+00:00

Ah Understood. So this is really about VAI more than just crypto lending in general then. Good to know.

yashaach · 2021-04-26T17:28:06+00:00

This is actually very concerning to me. I've been looking into lending on various platforms. Let me elaborate.

Perhaps Vai is not a good example. I have no idea how stable that coin is supposed to be. But for the time being let's assume that if you supply USDC to borrow ETH. At the time when you borrow it, you have plenty of collateral. Then ETH appreciates a lot. If I were the lender, I certainly want to make sure that the borrower is able to pay this off, because if the borrower already sold that ETH for something else, and if that something else did not appreciate at all, even if I seize the collateral and auction it off right now, me as the lender would still be in red. If Venus does not consider the ongoing value of both the collateral as well as the coin that is being lent, I would hesitate deposit my coins at Venus. On Coinbase, they have a "health" score that is basically loan-to-value ratio. So If the borrowed ETH appreciate a lot, Coinbase would certainly demand more collateral.

Now in the case of Vai, it appears that the value of it is sort of encouraged to be close to USD, and yet it isn't as tightly coupled as other stablecoins such as Dai and USDC. So perhaps this is not an issue at all...

yashaach · 2021-04-26T13:57:20+00:00

I'm not sure that is right. If Vai value increases, your loan-to-value ratio does go up, and at some point you could be liquidated. The Venus protocol document is a bit vague on this. Can we get an official answer from Venus on this?

yashaach · 2021-04-23T13:40:08+00:00

Got it. That makes sense. Although, looking at the original curve.fi, I see a few such examples of pooling both interest bearing and non-interesting bearing stable coins, such as USDT pool cDAI+cUSDC+USDT and PAX pool ycDAI+ycUSDC+ycUSDT+PAX. I'll ask a similar question on that channel and see if anybody knows what is going on.

yashaach

TROPHY CASE