If I wrap a 0.5 BTC at $40,000 and deposit $40,000 HBD, and a few weeks later the price is $42,000 and I have to deposit another 0.5 BTC, I believe the plan is that I would have to deposit enough to make the collateral up to 84,000 total.
But these numbers will be altered by the reliability of the wrapper. For example my Hive reputation (with all the revenue streams it gives me) ensures that my reputation on Hive is worth many times more than these figures.
Brian of London / Sir Brian of London
npub18h…wfmgv
2023-12-04 12:54:25
in reply to nevent1q…88v9
Author Public Key
npub18hz8xs2tafx7rhclzukrr94gypcemw6ch2hcwe9eak4q03k4a8wq2wfmgvPublished at
2023-12-04 12:54:25Event JSON
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"pubkey": "3dc473414bea4de1df1f172c3196a820719dbb58baaf8764b9edaa07c6d5e9dc",
"created_at": 1701694465,
"kind": 1,
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"content": "If I wrap a 0.5 BTC at $40,000 and deposit $40,000 HBD, and a few weeks later the price is $42,000 and I have to deposit another 0.5 BTC, I believe the plan is that I would have to deposit enough to make the collateral up to 84,000 total.\n\nBut these numbers will be altered by the reliability of the wrapper. For example my Hive reputation (with all the revenue streams it gives me) ensures that my reputation on Hive is worth many times more than these figures.",
"sig": "58441542d80e42eed42eb7fdd8865e9153ddccbb01c68ebdf3b6bd607966673964376628539129dbd6e62d85fa0384a9f52271d2e314f48d82ab97265c666e22"
}