A poll for the addition of new currencies to the protocol was recently conducted on our twitter account and the first-place winner is POLYGON (MATIC). We are proposing to support MATIC in Venus Protocol Markets.
As per our risk assessment, we are proposing the following metrics:
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.
Im fed up with the complaining people, always complaining at any step of the new team⌠guys you annoying me how negativ can you be?
The new team communicated more in the last days with community than swipe team did before for month. And they suggested few things that are not that bad⌠so chill and give them time to see what will comeâŚ.
Keep on building teamâŚ
I think Venus Collateral factor=60% is the same as AAVE Liquidation threshold (65%).
As i understand Venus donât has Maximum LTV in smart contracts or it the same as Collateral factor.
By the way Maximum LTV can be emulated via UI, isnât it ?
These are different things, if AAVE only allow 50% LTV, then Venus better use 50% Venus Collateral factor.
Venus didnât have LTV, then the Collateral factor=LTV.
By the way Maximum LTV can be emulated via UI, isnât it ?
But in AAVE it possible to make higher colliteral factor then displayed Maximum LTV. At least with smart-contracts. I made it. For DAI possible to make 78% position with Maximum LTV=75% and Liquidation factor=80%
