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EP 21: Aztec’s Jon Wu Joins Zach’s Crypto Debate, Plus the Celsius Disaster & Crypto as Bird Talons
The Logan Bartlett Show
The Robot Lending Protocol Is Going to Dump 500 Million Dols of Bicoin
A lot of that can be seen on chain. The way the borrowed protophol works is, again, they don't care if you don't have enough collateral. They liquidate your collateral. And so imagine the bar of the lending protocol having 500 million dollars of biccin,. or rappi coin, the etherial version, 500 millon dols of bicoin and realizing "I'm going to mark it dumb" It's almost an arguable that it had some slight, rich janga piece knocked it over. Yet, you combine the worst of all worlds, you can find a permissionless lending market, which in a totally transparent permission.
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