I'm building a fork. And want to make some changes.

MisaAckman

I am going to deploy the fork version of Alcx on BSC. And want to make some changes.

Stable currency synthetic assets is the only synthetic asset
Although deposits are BUSD, BNB, and ETH, all synthetic assets are stable coins. The mortgage rate of BNB and ETH is 300% or above.

I’m thinking about a good way to guarantee the capital adequacy ratio of synthetic assets. If liquidation is not used.

In addition, I am eager for some cooperation.

Obtain official authorization from ALCX.(Just tweet to mention this project)
One of the multi-signature private keys is given to ALCX official.(Total of 2 multi-signature addresses, all must be signed to update the contract)
Fork project tokens will be airdropped to ALCX holders every week.

Contact me on https://t.me/MisaAckman or https://twitter.com/AckmanMisa

n4n0

How are you going to keep people from getting liquidated if they deposit a volatile asset as collateral and receive a stable asset as loan? If the price of the principal dumps, you can't not liquidate or the system becomes insolvent at some point.
Am I missing something?

MisaAckman

n4n0 You're right. But the BNB/ETH that deposit here will generate income when used for investment. One day system can cover the loss. The 300% mortgage rate is not easy to fall below.

n4n0

MisaAckman One day system can cover the loss.

Then it's not really a fork of Alchemix at all because that's not what Alchemix is about or what it does.