Moxie Official

will i ever be able to collateralize fan tokens and borrow moxie against them? that'd be pretty cool 👉🏻👈🏻

QmaEid69anVnNMGMD91sjYJDCLvcRwMTE2XehkgbAGvTJs

How balls deep would you be if this happens? 😅

airstack

🐫 ⋆ 🐌  🎀  𝑒𝓍𝒾𝓈𝓉𝑒𝓃𝓉𝒾𝒶𝓁 𝓉𝒽𝓇𝑒𝒶𝓉  🎀  🐌 ⋆ 🐫

I cast what I want. You love what I cast. We’re both happy 🙂‍↔️❤️

Looks like you picked your poison already😅

But imagine if these collaterals could have leveraged too? 🙂‍↔️

they get liquidated, the protocol makes some money, and token supply decreases. fan token holders get to react or not.

Hm that makes sense. But what then happens where people decide to over tweak the system leaving it too exploited?

Speaking from the pov of the sentiments of potential buyers and/or sellers…

lending systems are essentially leveraged.
consider:

wake borrows 10000 moxie against his fan tokens.
wake buys 100 wake fan tokens with 10000 moxie.
wake now borrows against those 100 tokens.
repeat that loop until dead.