Understanding redemptions & staying protected.
06 Oct 2023, 16:20
Understanding redemptions & staying protected🛡️
Redemptions allow LUSD holders to exchange LUSD for the underlying ETH sitting within troves; always honoring 1 LUSD = $1 of ETH
How can trove owners stay protected?
By maintaining a high collateral ratio!🛡️
👇
Same news in other sources
306 Oct 2023, 16:20
In addition to @DeFiSaver , most frontends have a 'Risky Troves' tab which sorts out troves with the lowest CR in the system
To avoid redemptions:
1) Maintain a high collateral ratio
2) Check what the riskiest troves are before opening a trove
👇
In addition to @DeFiSaver , most frontends have a 'Risky Troves' tab which sorts out troves with the lowest CR in the system.
In addition to @DeFiSaver , most frontends have a 'Risky Troves' tab which sorts out troves with the lowest CR in the system
To avoid redemptions:
1) Maintain a high collateral ratio
2) Check what the riskiest troves are before opening a trove
👇
06 Oct 2023, 16:20
To learn more about redemptions, check out our blog post
To check what the average CR required to avoid redemptions has been over the past weeks, check out this Dune dashboard:
To learn more about redemptions, check out our blog post.
To learn more about redemptions, check out our blog post
https://t.co/YTx4Ugz3ev
To check what the average CR required to avoid redemptions has been over the past weeks, check out this Dune dashboard:
06 Oct 2023, 16:20
🔔 Remember: the riskiest troves (lowest collateralized troves) are first in line when a redemption takes place.
@DeFiSaver have a handy tool where you can plug in your address & see where your trove sits, along with the debt that is in front of you!
👉
Remember: the riskiest troves (lowest collateralized troves) are first in line when a redemption takes place.
🔔 Remember: the riskiest troves (lowest collateralized troves) are first in line when a redemption takes place.
@DeFiSaver have a handy tool where you can plug in your address & see where your trove sits, along with the debt that is in front of you!
👉 https://t.co/mQ6mNhIdJg