“When we needed a million dollars with no collateral… Russell Goldsmith… backed us”
♫
Said on David Senra
“If I give it $1.50 in ETH, I get back a $1 USDS stable coin… if the value falls too low, my collateral is liquidated automatically on chain.”
Hank Quoth · The Quant / Financial Engineering Podcast · The Clarity Act
Play from 10:06
10:06
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Describe collateralized stablecoins where users over-collateralize with crypto (e.g., $1.50 ETH for a $1 stablecoin) and automatic on-chain liquidation if collateral falls below a band
$1.50 in ETH for $1 USDS
Said nearby on the same subject
“He offers the shares up as collateral, which appears to be how he usually does business… he pulled back the share dump and is doing another margin loan”
LE
Larry Ellison
Better Offline ·
“There's $40 billion in backstop of the Warner Brothers deal ... a third of his shares ... made available as collateral for him to use for personal reasons.”
♫
Said on Channels with Peter Kafka
“If you have that set up, the moment that that happens, you fall back immediately and your users don't experience anything to a different model”
♫
Said on Applied Wizardry
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