RE: Onchain Lending System: hive governance discussions
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I understand the don't touch the L1 point. But in the case user locks $100 worth of Hive and borrow 80 HBD it will be liquidated when Hive just make a 10 or 12% of value (from 100 to 90 or 88 [80+10% or 12% of interest]).
The Blockchain don't take the loss because it's like if the user do the convertion on-chain but paying a 10% more.
Thanks for share your thoughts on this.
!BBH
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But it's not as user do the conversion, do the simulation at the large scale when price crashes and triggers the platform-wide liquidation event.