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Episode 239: IST and Designing Stablecoins in Cosmos
Zero Knowledge
The Risk Management System
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The idea of the system was that, like, in the risk management system, luna was supposed to be the junior tranch where it was supposed to absorb risk. T a was designed to be the senior tranch. But if the entire system turns to garbage, could luna have acted differently? There's many ways of recklessness in this whole thing," he says. "There was really no quality filter there"
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