Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on June 15, 2021, 02:31:07 PM
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Decentralized finance service B.Protocol has announced plans for a new version that will improve the liquidation of undercollateralized loan positions on lending platforms.
In a release issued on Tuesday, the backstop liquidity protocol for DeFi lending platforms revealed that the upcoming v2 is based on a white paper for a novel Backstop automated market maker (B.AMM) written by a couple of anonymous community members. According to a blog post published by B.Protocol founder Yaron Velner the v1 design that utilized professional liquidators to share profits with users instead of miners was not sufficient to tackle the capital inefficiency problem. Unlike centralized exchanges like Binance that offer leveraged trading up to 100 times user deposits, the leverage ratio on decentralized exchanges (DEX) rarely exceeds five times. This significantly lower leverage limit is despite the massive liquidity pool available to DEX platforms.Source (https://cryptonews.net/810725/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Yes moderator sir you have posted very well we learn a lot from your post. This is because the Defy platform currently occupies a large place in cryptocurrency. And more coins are succeeding than any other coin and are much more likely to improve in the future.
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The Defi Platform team behind the Impossible Finance protocol confirmed the news on Telegram and assured that it would compensate all funds deposited into liquidity pools prior to the attack.