#SuperHodl Says: No Change! for Mar 6

PSA: The current Zero average CR on

@SovrynBTC

is at 229%. While we are super-safe from liquidation, your #bitcoin line of credit may be redeemed against.

If you'd prefer, payback/top-up & target a CR above the average. I still feel "OK".

Note: your line of credit is ALWAYS at risk of being redeemed against. There are currently 709 BTC in the protocol. If somebody collects all the ZUSD, and redeems against all of it, they'll obtain all the collateral, regardless of any sense of "safety" the CR would offer.

Take heed: the risk / likelihood of this happening are obviously tiny. It's just a possibility.

Also, when redeemed against, the ZUSD paid by the redeemer are reduced from your Line of Credit and reducing your debt.

Zero is sovereign technology. It works the way it works. Please respect it and understand the function of these features before using it. Redemption protects the token peg and is NOT a bug.

Cheers!

Want to get started /w Zero?

https://twitter.com/sovereignorigin/status/1550590427962769421?s=20&t=gYjAGDenHFhoLeNH1oGv7w

Tagging the plebs🧡

@Keinor @cabincryptoguy @Sacro84431472 @lessthan3aire @jnunez @UpsideDown_Head @SyninCrypto @bullett023