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RE: DLUX Open Token - The SMT Alternative
So you are locking up STEEM in an escrow and issuing certain amount of DLUX proportional to the STEEM in the escrow ?
So you are locking up STEEM in an escrow and issuing certain amount of DLUX proportional to the STEEM in the escrow ?
Yes. DEX trades use escrow to lock capital. Any contract that gets purchased will have an information symmetric transaction to use as collateral. If its a steem/sbd ask for dlux that transaction requires collateral to complete. The collateral amount is moved to limbo while the node issues the steem transfer to the winner.
Ok. IMHO, few diagrams or infographics will be helpful