>allow staked FTM to mint fUSD
>introduce fUSD liquidations
>bad liquidation event/exploit happens
>staked value gets liquidated
>validators get taken offline or worse the FTM gets slashed
How do people think this is bullish?
Allow staked FTM to mint fUSD
Kayden Barnes
Jaxson Watson
how much overcollateralization?
Michael Sanders
>validators get taken offline
?????????????
William Clark
300% over collateralised I believe
it stays staked. the liquidated sFTM gets auctioned off.
Caleb Lewis
thanks just bought 100k
Brayden Ross
It would cause a bank run effect on the validator
Nicholas Ortiz
>validators get taken offline or worse the FTM gets slashed
not how this works. if someone gets liquidated, the liquidator gets sFTM. the underlying FTM is still staked
Luis Sullivan
exactly
how stupid do you have to be to not realise it stays staked.
FTM ecosystem shit should fucking moon
Christopher Clark
Smart.
FTM can easily go two in a month. FUSD is very bullish and doesn't have flaws like luna did.
Thomas Harris
>How do people think this is bullish?
you misunderstood the whole concept fren
Austin Garcia
Thanks just pissed on a car
Levi Parker
cant wait to short it !
Owen Long
How can it stay staked it's used as a collateral for fUSD? The value can't still exist if the fUSD is liquidated. Opera is fucked if a whale gets liquidated
Josiah Roberts
The collateral gets auctioned off but stays staked. The collateral bought is essentially locked FTM
Lucas Morgan
>inb4 we see another governance proposal to refund stakers after the validators get screwed over by this
Andrew Adams
You’re almost as retarded as the fantom foundation, they’re actually under collateralised as of this morning. Shame since they’ve been over collateralised for a year and a half and have done nothing towards liquidations for fusd
Joshua Wright
Why is fUSD $0.8277?
Owen Brooks
What was it before?
Xavier Adams
>the foundation isn't sitting on 100s of millions of FTM
next
There is nothing keeping it pegged currently. Liquidation when its turned on will keep the peg. Easiest 20% you'll ever make in your life buying fUSD now
Thomas Adams
what the fuck.... it's over fanties
Thomas Robinson
There is nothing keeping it pegged currently. Liquidation when its turned on will keep the peg.
When should that happen?
Alexander Roberts
Foundation announced 2 weeks away.
Austin Morris
Conor has the Fantom Foundations balls in his pocket when it comes to fusd. mollycoddled.
James Russell
It doesnt matter. Its not under collateralised this user is just fudding with fake screenshots. Check for yourself