@derekhoiem

So i did an experiment to try @morpho on @coinbase @base.base.eth because I thought "Wouldn't it be cool if you can move in and out of leverage easily with the speed of @base.base.eth ?" But, no it's not that easy and I gotta say I won't be back. I did a small loan and after I was done with it, I thought I could just liquidate my collateral ETH to cover the loan and close the loan position. No. You can't do that. You have to put up more money in USDC to cover your loan amount, for money you already have on deposit with them in the form of your collateral. So, although i could do that, I thought I would see what would happen if my loan "auto-covered" if ETH went down far enough. It did, and Morpho covered the position with the collateral. Great. However they charged about a 20% fee for that. That's crazy. They had my full collateral with full control. They should have just covered the position with a modest fee like 5% and it's all good. That would be a nice convenience for me and them. Why the extreme penalty? What difference does it make whether I cover the loan with USDC or you liquidate the position using ETH (my collateral)? So, sorry @morpho and @coinbase your service is not convenient, nor affordable, so I'll just stick with long positions from now on. Thank you for attention to this matter.

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