Re:DeFi risks and the decentralisation illusion
by yokem55 on Wednesday December 22, 2021 @01:52AM
(#29646273)
There were some denial of service issues that on Ethereum during the March 2020 crash that caused Maker DAO to have some Zero bid liquidations and the protocol had to mint and sell off some of Maker's token to keep all the issued DAI properly backed. This did not happen again in the crash in May, which was nearly as steep, but the protocols all kept functioning as expected.
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