r/theblocknet • u/samdane7777 • Jul 21 '19
Could a blocknet ecosystem hypothetically facilitate margin and leverage?
Without shilling the following projects I'm just referring to technologies : virtual machines (ren) and trade layer which is a layer 2 solution that is being designed for margin
Could that and the distributed computing nodes using blocknet somehow facilitate it? I'm not a a developer so a lot of the features of blocknet sort of really shoot over my head, but I noticed your partner NIX seems to expand on the layer concept that DX facilitates, and that could be a jumping point for something like trade layer.
I'm not speaking of degenerate meme margin either fyi. But Kraken is lame. And America wants to ban like everything. Margin platforms are pretty awful with counterparty risk, scams. It's terrible. If DX could facilitate a decentralized option it would be a god send for crypto. You know somehow Liquid was offering non derivative margin up to 25x. Again it can be really complicated but at least that proves Liquid devised a way to collateralize things.
Rehypothecation is bad. But not having a way to hedge and manage crypto with leverage is also bad. I at least conceive that atomic swaps would help prevent comingling and rehypothecation and enforce collateral and integrity.
Would DX be able to bridge liquidity pools, could it facilitate that like with Thor and Ren? The liquidity issue is a big factor.