Sunday, July 31, 2022

Answer to Exercise 1 of Supplying QI pop quiz

Answer to Exercise 1 of Supplying QI pop quiz:

  1. 74% * $x = $21,000
  2. (1/74%) * 74% * $x = $21,000 * (1/74%)
  3. $x = $21,000 * (1/74%)
  4. $x = $21,000 * (1/74%) * (100% / 1)    'cancel %
  5. $x = $21,000 * 100 / 74
  6. $x = $28378.38ish

... before, when $AVAX collateral factor was 70%, the answer was $30k, so: ... cool!

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