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Content
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wake pfp
wake
@wake.eth
will i ever be able to collateralize fan tokens and borrow moxie against them? that'd be pretty cool 👉🏻👈🏻
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Tmophoto
@tmophoto
why wouldn't everyone just take moxie loans, cash out the moxie and default on the loans? there is very little chance the price will hold over three months, its down 90% in a month.
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wake
@wake.eth
they could, ofc. that's one option but it's not the only one, doesn't necessarily injure the protocol, and yields less than altenrate choices (time weighted). but yeah, if your brain goes to "i can make a few bucks with this" then a few bucks is all you'll make. as imagined, those short-time-horizon users exit and the protocol reclaims more moxie than otherwise.
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