“Like every borrowing position, Alice pays interest on her debt.”.
That's not entirely correct.
On
@protocol_fx, you don’t pay interest on the debt, but rather a small opening fee (0.5%) and a closing fee (0.2%). That’s it.
Even with the very low interest rates that are also available on Llamalend, there’s no match for medium and long-term positions: f(x) is simply the most economical and safest solution (see
@PharosWatch).
And f(x) also protects against liquidations by automatically rebalancing the position. What do you say—shall we conduct a real-world comparison test between the two protocols by opening a few positions at risk?