My BNB Hackathon Diary 2026 10 15 Only by truly engaging can one understand that the reason many innovative protocols have yet to emerge is due to numerous extremely complex problems that remain unsolved. But we have been working hard and have found solutions. Today, I discovered an issue with @ZeroBankDapp. The circuit breaker mechanism does not solve the previous "liquidation problem." If Alice shorts tokenA, but the price rises more than 10% when the circuit breaker starts, tokenA cannot be bought anymore. At this point, the liquidator cannot obtain tokenA to repay the debts of the liquidated party. If they buy in, it means the price will continue to rise, leading to more people being liquidated, and @ZeroBankDapp turns into a "flying spiral." "Shorting the mem protocol" becomes "fuel for the bulls." The biggest problem is that in this "flying spiral," the treasury is extremely prone to liquidation. If the "liquidation problem" is not solved, it means that players staking meme have a very high risk of bad debts. Although I thought of adopting the habit of having the project party LPs bear the risk like Aave, this would make it impossible to achieve permissionless operation, as permissionless + low liquidity means high bad debts. Such a win rate is unacceptable for LPs. So, Zerobank's current idea has changed to becoming a launchpad with a 65% bonding curve,...