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OneTrueKirk / onetruekirk.github.io

Ethereum, cryptoeconomics, governance
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salon/pharos #5

Open utterances-bot opened 10 months ago

utterances-bot commented 10 months ago

Pharos Lending Market Review | OneTrueKirk

Ethereum, cryptoeconomics, governance

https://onetruekirk.github.io/salon/pharos.html

jfarid27 commented 10 months ago

One question I have here is how does this scale. I feel long tail lending with custom terms appears extremely gas inefficient on mainnet, since each individual borrower must create new position data, and could explain why no one has attempted this. I'm interested in hearing strategies on how this protocol might address this.

mod323 commented 10 months ago

Great question @jfarid27! pharos uses EIP-712 to create a gas efficient order book. All markets/orders are created at no gas cost by signing the order and only when a loan is issued its executed on chain.