Viewing profile — zachrosen23

Taken from www.brellium.com https://imgur.com/HoZj2qi

Correct. The liquidity pool is a smart contract that accepts collateral + trade and stores liquidation threshold. If collateral ratio falls, a bot can trigger liquidation by callin…

Liquidity pool holds token X. User decides to short token X. Pool collects collateral from user, then market sells token X. User can buy token X back and return to pool at any time…

As an avid options trader, I fell in love with crypto. The volatility was super attractive. As I got more familiar with crypto, I wanted to trade more altcoins. But, most aren’t tr…

USDC. Audited + backed by cash and US treasuries

Thanks! Fixed!

Both. FedNow is promising! Excited to give it a try when it goes live. If we can't build + distribute a product better than the federal reserve, we've got bigger problems :)

Definitely could if you're more technical (not our customer segment). Also want to note that receiver can either keep funds in Fortress or just route to their usual bank account.

Sounds really cool!

Fully backed stablecoins are redeemable from their issuer 1:1, regardless of what they're trading at on secondary markets

Thanks! Fortress can also slot into legacy infrastructure. Finality guarantee is also actually stronger with a stablecoin payment (cryptographically irreversible) vs a wire (99.9% …

Built on blockchain rails. Works like a 1-click bundle of debit sender account --> buy stablecoin --> send stablecoin --> (optionally) convert to fiat and disburse to receiver bank…

Running a trading company, I send and receive a lot of wires. When wiring a few times a year, the $30-$75/wire fee is annoying but doable. Since we send dozens a month, we rack up …