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A comment on Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets. Parent comment
A lends 10 Xcoins to B. B puts 11 Ycoins into escrow. A will either get back 11 Xcoins or 11 Ycoins.
If Xcoins rise in price relative to Ycoins, B is happy and A is sad.
If Xcoins fall in price relative to Ycoins, B is sad and A is happy.
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A lends 10 Xcoins to B. B puts 11 Ycoins into escrow. A will either get back 11 Xcoins or 11 Ycoins.
If Xcoins rise in price relative to Ycoins, B is happy and A is sad.
If Xcoins fall in price relative to Ycoins, B is sad and A is happy.