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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by cortesoft on Tuesday May 22, 2018 @06:48PM (#17130075)
Right, which was why my point was that the collateral is probably going to be at least equal in value to whatever is borrowed.
Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by bpforster24 on Tuesday May 22, 2018 @07:11PM (#17130239)
Dharma Protocol doesn't require that the value of collateral be greater than the principal of the loan, but we do expect the market will demand full- or over-collateralization.