Do you have protection within the design itself for if a toxic asset were to be used as collateral? Yes, in a system like that. So key thing, i mean, one of the biggest protections is a debt limits for any particular asset type. And so it's got to have a debt limit. One of the jobs of the economic committee is, if things start to turn south, you know, bring that debt limit to zero. No new vaults can be created, or no new i s t be minted against a collateral that looks like it's a risk y.
In this week’s episode, Anna catches up with Zaki Manian from Sommelier and Dean Tribble from Agoric. They check-in with the latest project news, recap about the UST collapse, and look into IST - Inter Stable Token - a project by the Agoric team that aims to become the Cosmos native multi collateral stablecoin.
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We're excited to announce ZK Whiteboard Sessions – a weekly educational video series focused on the building blocks of ZK. Produced by ZK Hack and powered by Polygon.
zkSummit 8 is happening in Berlin on Sept 15th during Berlin Blockchain Week!
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Today’s episode is sponsored by Aleo.
Aleo is a new Layer-1 blockchain – if you’re building private applications then check out Aleo’s programming language called Leo which enables non-cryptographers to harness the power of ZKPs. Visit leo-lang.org to start building.
You can also participate in Aleo’s incentivized testnet 3 by downloading and running a snarkOS node. No sign-up is necessary to participate. For questions, join their Discord at aleo.org/discord
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