joshpitzalis / mitosis

A grunt fund calculator on the blockchain
https://mitosis-f671e.firebaseapp.com/
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use an oracle of some sort #5

Open joshpitzalis opened 6 years ago

joshpitzalis commented 6 years ago

check github commits?

joshpitzalis commented 6 years ago

use a kraken ticker to show usd value of contract

joshpitzalis commented 6 years ago
joshpitzalis commented 6 years ago

An auto trading feature might be a good idea. The idea is to mitigate the risk of a volatile project pot. So we connect kraken and sell the entire pot if the value of eth drop by 50 usd or more. When the price stabilises within a 50 usd margin for 3 days or more but everything back. There would need to be a minimum pot size otherwise it would become impractical with the fees. But it's a possible safety feature that offers some protection again losing all a project's money because of eth price fluctuation.

joshpitzalis commented 6 years ago

As interesting as this could be we don't need an oracle to do any of this, the whole thing can be worked out with a regular api.