Speaking of which, can you tell me how can you protect the rUSD stablecoin from falling out of peg in a Black Swan case that we’ve seen on march 13th when the whole markets collapsed and MakerDAO liquidation mechanism failed ?
Thats a great question. I think such market shocks can happen in black swan events. I would first recommend that users dont overleverage to start with, and get comfortable with how the designs work. And then we also have an added layer of insurance. The shared interest pool will be deployed to backstop any loss of value in the collateralization ecosystem. We aim for it to be a "friendly" liquidator in that if asset values restore within say, 24 hours, it does seize the assets
Thats a great question. I think such market shocks can happen in black swan events. I would first recommend that users dont overleverage to start with, and get comfortable with how the designs work. And then we also have an added layer of insurance. The shared interest pool will be deployed to backstop any loss of value in the collateralization ecosystem. We aim for it to be a "friendly" liquidator in that if asset values restore within say, 24 hours, it does seize the assets