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Sui

2 published posts.

Swap is not repay: two ways a CDP took my coins

Ten months apart, two collateralised debt positions took my coins without a hack. On Sui, a redemption halved my position and raised my collateral ratio; on IOTA, I was liquidated within minutes while trying to leave. The arithmetic of both, and the order of operations I now follow.

Crypto

Made whole in a unit I never held

FTX is about to pay my claim, nearly three years after the collapse: in dollars, at the price of ETH on the day it went bankrupt. A Sui protocol exploited this month is doing the same. Why a recovery of 100% or more in dollars is a short position on the coin you held, with the arithmetic.

Crypto