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founded 2 years ago

Weekly General Discussion - July 02, 2023 <-> July 09, 2023 (kbin.social)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 2 years ago (1 children)

For sure, liquity is pretty great. As to why it's underutilized, it's similar to what mouse is saying. Particularly in the early days, LUSD commonly ranged from 0.97 to 1.03. It was always fine in the end, but it requires that one extra step of making sure you're repaying at a beneficial time (or buying troves at a beneficial time). And of course, any add'l step makes a protocol slightly less tasty. I think the range is much smaller these days with added liquidity.

[–] [email protected] 3 points 2 years ago

Fair enough. I have basically abdicated from Maker due to their weird changes with the new 'endgame' roadmap.

Is there a similarly big lending protocol in L2? I imagine gas costs would be quite prohibitive during the bull