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RE: Why I Prefer the Bitshares DEX over Poloniex, Bittrex, etc.

in #bitshares7 years ago (edited)

Sure, any software platform can go down due to a bug, but the DEX will not disappear on you and see the owners take off with your funds.

From what I have read, if the price of an asset suddenly skyrockets relative to its BTS collateral, thus dropping the collateral ratio, the blockchain will automatically trigger margin calls. It takes the collateral, sells it to the market to buy back the asset and closes your contract by paying you the proceeds. I would love for anyone else to chip in on this one.

Regarding lending, it would be nice, but I feel it is insignificant relative to the benefits offered by the DEX over other exchanges.

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I suppose keeping a small amount on the centralised exchange for lending would be possible but then if everyone did that the volume would decrease.

Good point - hopefully it is added in the future.

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