49 sats \ 0 replies \ @kevin_lightning 28 Apr 2023 \ on: Swap service: a nostr orderbook for submarine swaps and earning yield on bitcoin nostr
My maker is up!
In the event of forced liquidation, the insurance fund will cover progressive offloading of the position. If that doesn't happen (or if the insurance fund is insufficient to do so) auto deleveraging kicks in with fill-or-kill orders to minimize liquidation ripple effects.
I think I would try and get ANY_PREVOUT merged first, then build channels on top of eltoo. It's a lot easier to wrap your head around conceptually versus asymmetric commitment transactions
We're working to add more metrics. Right now we primarily track the origin of trades (i.e. Pro front-end vs Lite front-end vs Umbrel app).
So the way their stablesats system works is via a dealer that hedges against the total liability of the platform. It's a pluggable system and currently uses Okex. Kollider would be the second exchange to be added, increasing the overall hedging system's durability.
We're working with Galoy to get Kollider integrated with their dealer, which would allow for the mobile BitcoinBeach wallet to hedge on our exchange.
GENESIS