Re: bustabit v2 – No commission on investors & dilution fee lowered to 1%
I'm overleveraged up to my ears on JD as are most investors there seeing how the bankroll exceeds CLAM supply.
That doesn't necessarily follow. If you have a billion dollars worth of BTC, you could calculate what that's worth in CLAM and declare that as your "offsite" investment. It doesn't matter that there aren't enough CLAMs in the world to actually convert it to CLAMs, it's still part of your effective bankroll, which you want to risk 1% of. The "offsite investment" feature allows you to effectively use your BTC in the JD bankroll without having to even convert it to CLAM.
Fair enough. I guess I'm not overleveraged then. But what would happen if there's a margin call? Granted it may be unlikely that all investors would get margin-called at once and/or that they would actually attempt to convert BTC to CLAMs but still. I'm surprised nobody has called JD "dishonest and shameful"... or maybe they have and I just missed the drama.
And I guess I'm not leveraged on BAB either because I can get BTC by selling those JD CLAMs
