reply Watch the full Beyond Yield episode with Lee McClelland from @NexusMutual: https://youtu.be/R1eGBSzlE6g?si=jSE8GFmPv6JBmVd8
5·CNeutral
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twitter52 min agomeme
A fixed rate oracle is updated by whoever controls the multisig, often the asset issuer.
With Stream and Resolv, that issuer left the price unchanged after losses hit, letting anyone borrow against collateral still priced at its pre-loss value.
Beyond Yield with @NexusMutual.