Mashallah! This sounds like an amazing service!
One last question, for today š. How is the collateral btc held? What assurances do borrowers have for their btc?
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This is the key in converting from theory to practice.
There are 3 main technologies Iām considering:
- Discrete Log Contract (DLC) technology employed by Lava for price data via oracle
- 2/2 Multisig Trading Wallet built by RadFi for liquidity / automated market making (AMM)
- Multi-Party Computation (MPC) wallet offered by MPCVault and others for payment streaming