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Can Decentralized Social Scale? | Stani Kulecov (Lens, Aave)

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Lens as a Decentralized Identity Solution for Under Collateralized Lending

Under collateralized lending lets you beef out the risk parameters and not have to worry about that hard liquidation. There is still some there are still scenarios where you do hit hard liquidation, but they're pretty hard to meet that criteria as of right now. Dan: Who do you think will rate the debt ceiling first? Curve USD or the US government? Stony: I don't know. It's a masterclass in mechanism design.

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