Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
almightyruler
on 18/06/2019, 02:15:13 UTC
You think that after they lost 1800 BTC...

I heard that they passed that loss on to their customers - that all the people who were lending out BTC at some point about a week after the dump took the loss, whether they had loans active at the time of the big CLAM dump or not.

https://medium.com/circle-trader/overview-of-btc-margin-lending-pool-losses-a2f0905aaa56

"Today [June 7th], we recognized the generalized loss across lenders in the BTC margin lending pool. As a result, the principal of all active BTC loans as of 14:00 UTC today has been reduced by 16.202%. This action impacted 0.4% of Poloniex users."

My understanding is that any funds you loan are stored in a separate account at Poloniex, so I guess that means anyone who had BTC in their lending account took the loss, regardless of whether they had any active loans (or anything to do with CLAM).