20094
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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
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Hm, i don't think that is the correct answer of my question.
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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
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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?
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But some will buy at 50 cent, selling at 70 cent etc.
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I know but now after the restart the amount whats needed is way smaller
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It was more an idea cause we have so many people in this group and the amount what is needed for the peg is so small
Even when someone trys to sandwich it, it should be better afterwards i dont think someone buys 100k infront
Why is my vault liquidated when collateral (dfi) is 5x larger then loan (dusd)?
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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
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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
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.
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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
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And is the same if you buy now a 15-17 cents and it goes to 45-50 cents why wouldnt you take profits
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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
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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?
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People will frontrun plus that number has always been very misleading it assumes nobody will sell and of course people will sell if someone bought a 10 cents and suddenly is already 50 cents of course they will sell either to take profits or because they get scared that someone else is gonna sell before them crashing the price
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It has already been tried a couple months ago. Didn't work out as expected
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What do you mean? An organised event to buy never works because people know when they can sandwich you by buying in front of you and selling after you
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