
Collar Finance 👔
131 posts

Collar Finance 👔
@CollarFinance
Collar is a money market protocol for hedging pegged cryptoassets. Protect your portfolio by borrowing against it with 100% LTV and no risk of liquidation.






@peckshield Technically, it's not price manipulation. yUSDVault actually doubled in value. The problem is that it happened atomically so Cream couldn't liquidate accounts and prevent them from going under water. Cream should not have allowed assets that can change their value so quickly.



To clarify. It's not bad that other blockchains are forking known protocols. This is actually good and expected in the open source environment. The next step is to launch something innovative. I haven't seen much of that yet which doesn't mean it won't happen in the future 💛

Collar uses options to facilitate loans. When collateral is deposited into the Collar vault, two option contracts on it are minted.





