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RE: Onchain Lending System: hive governance discussions
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
0.00000000 BEE
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.