toko
Well-known member
yes i agree, but i would say blockchains are still much more transparent.
The Metaverse
vimothy
yurp
exactly - due to tech complexity
toko
Well-known member
i mean u.s government gives tax advantages and other stuff so that people can buy homes with cheap credit. the loan is collaterized by the house, (hence the govt subsidizes leveraged long positions on real estate assets)
vimothy
yurp
measured on what scale? it doesn't seem less transparent
toko
Well-known member
I mean, there isn't an objective measure, but check this out:
dune.xyz
dune.xyz
the second is MakerDAO, which is one of the biggest loan providers.
here is one with defi in general:
dune.xyz
Dashboards
Blockchain ecosystem analytics by and for the community. Explore and share data from Ethereum, Polygon, BNB Chain, Solana, Arbitrum, Avalanche, Optimism, Fantom and Gnosis Chain for free.
dune.xyz
Maker DAO - MCD
Blockchain ecosystem analytics by and for the community. Explore and share data from Ethereum, Polygon, BNB Chain, Solana, Arbitrum, Avalanche, Optimism, Fantom and Gnosis Chain for free.
dune.xyz
the second is MakerDAO, which is one of the biggest loan providers.
here is one with defi in general:
Aave, MakerDAO, & Compound Finance - Deposits, Loans, LTV 📈
Blockchain ecosystem analytics by and for the community. Explore and share data from Ethereum, Polygon, BNB Chain, Solana, Arbitrum, Avalanche, Optimism, Fantom and Gnosis Chain for free.
dune.xyz
Clinamenic
Binary & Tweed
I could just be misunderstanding you, but it seems they already do.
Clinamenic
Binary & Tweed
Yeah in this sense of the word, a ton of the public qua open source blockchain stuff is opaque, as far as most people are concerned. But because it's all publicly there, anyone with the literacy can audit it, and then all it takes is for such people to call attention to it.
Clinamenic
Binary & Tweed
It really is a new paradigm for understanding how trust and value can be facilitated programmatically. Obviously this is fertile grounds to be co-opted by fraudsters, exploiting the very kind of opacity you have in mind.
toko
Well-known member
there has been some attempts to secure real assets via blockchain. but it is much harder to do. Here is a defi loan secured by real estate and other assets:
Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral
One of the largest banks in France is working with one of the largest protocols in DeFi on a historic step toward institutional adoption.
Again, we lose many desirable properties when transitioning from trad to defi and get more risk. See :
Clinamenic
Binary & Tweed
You can take out loans, but I've only had experience with overcollateralized loans. I deposit an asset, say BTC, and the lending platform itself has different loan to value ratios depending on the asset. For BTC, you can get around 40% of its value paid to you instantly in stablecoins, and while that loan is outstanding, you cannot access your collateral (nor earn interest on it, at least in the case of Nexo).
Clinamenic
Binary & Tweed
And should you choose, you can instantly pay back the loan and regain access to the collateral, all in a few minutes.
Clinamenic
Binary & Tweed
And to my understanding, this credit paradigm is more secure than the traditional one, at the drawback of being arguably less capital efficient.
vimothy
yurp
can't make head nor tail of that. can you just explain it instead. who's borrowing what and how?there has been some attempts to secure real assets via blockchain. but it is much harder to do. Here is a defi loan secured by real estate and other assets:
Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral
One of the largest banks in France is working with one of the largest protocols in DeFi on a historic step toward institutional adoption.www.coindesk.com
Again, we lose many desirable properties when transitioning from trad to defi and get more risk. See :
View attachment 10772
toko
Well-known member
its quite a difficult problem. The problem is the "stack" is so different between the two different regimes that you have to do hacky opaque stuff in order to go from to the other.
Clinamenic
Binary & Tweed
A problem which ceases when, wait for it, we live on the stack.
vimothy
yurp
don't do the transition then, just explain it in terms of the crypto stack
toko
Well-known member
Sorry yeah. MakerDAO provides loans on collateral. Usually users use native crypto assets, e.g eth/btc and borrow against that. recently a french company in possession of some tokenized bonds used the tokenized bonds as collateral to borrow from the protocol. The tokenized bonds are collaterized by real estate and are rated triple A