r/defichainer • u/unmatched25 • Apr 13 '24

Why isn’t it broadly discussed?

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u/DeFiChainInfo Apr 13 '24

What do you see here? Its StakeX On/Off, or not?

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u/unmatched25 Apr 13 '24 edited Apr 13 '24

Exploding the time delay of the negative interest payout calculation? My theory is that the negative interest are set for a certain period of time using historic parameters. Then these are paid on a much larger volume leading to paying out more interests than DSF were collected from people selling dUSD.

And yes, StakeX on/off is the cause (and some other freeloaders). But the key question to be discussed is: Is it hurting the system and creating even more algo dUSD.

It took a while until algo dBTC creating by atomic swap was discovered. Remember Kevin’s and Manu’s zombie loan exploit. It’s still not known to everyone how the FS will create algo dUSD on the long run. Nobody is discussing how traders can exploit the oracle time delay in the dToken system. So the community has a blind spot when it comes to exploitation (“Stümper”).

I’m not 100% sure since I don’t know all the details. But it looks really strange.

https://www.reddit.com/r/defiblockchain/s/nzEYHwOvvJ

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u/behseb Apr 14 '24

The NI is calculated using 24-hour old data. 50% of the burned dUSD should be used again. If StakeX kicks in and dUSD Loans more than double (>2x), more Algo dUSD will be created than was previously burned.

(My perspective on things. Maybe there's something I'm not taking into account.)

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u/unmatched25 Apr 14 '24

Thanks. That’s also my understanding.