Magical Composable Leverage Machine - w/ Ilgiz & Amplice from Gearbox - Flywheelpod #27
Flywheel DeFi
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Credit Accounts - The Latest Smart Contract?
Credit account is the latest smart contract. Initially when you open credit account, you deposit some of your initial funds to each collateral. And then you can put on this credit account some funds that borrowed from the polls. So as a result, you can keep on your credit account, it's 2, 3, 5, 6, 10, money as a new initial here. Later protocol have some rules, policies that actually restrict how this money could be used because if there is no any restriction, you can just get this money and fly away like some guys from the fire right? Signora, see you later.
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