XRP lending model leaves depositors with 90% of a bad loan’s loss despite reserves twice its size
CryptoSlate1h agoUpdated 1h ago
Smart Read
With the same reserve and cover rates, one modeled default leaves 90,000 tokens of vault loss; ten smaller loans leave 4,500. The post XRP lending model leaves depositors with 90% of a bad loan’s loss despite reserves twice its size appeared first on CryptoSlate.
Coins in this story
Discussion
Related stories
Decrypt
Bitcoin Starts the Week Flat, But Chainlink Is Flying—Here's Why
LINK hit an eight-month high after Bottomline, a top-three SWIFT services provider moving $16 trillion a year, tapped Chainlink to connect 600-plus banks to blockchain settlement.
Decrypt
Ethereum Proposal Would Let Users Pay Gas Without Holding ETH
EIP-8141 has been a draft since January, and its authors pitch it first as a defense against quantum computers.
Decrypt
Irish Gangs Are Renting Private Vaults to Hide Crypto Keys
Keys are going into rented boxes alongside cash, watches and passports, Ireland’s Criminal Assets Bureau says.
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.