►
From YouTube: MakerDAO Community Meeting Jan 22nd, 2019
Description
Awesome-MakerDAO Resource Repository: https://github.com/makerdao/awesome-makerdao/blob/master/README.md
CDP Portal: https://cdp.makerdao.com/
Website: https://makerdao.com
Twitter: https://twitter.com/makerdao
Reddit: https://www.reddit.com/r/MakerDAO/
Chat: https://chat.makerdao.com/home
A
They
talk
more
about
your
thing
later.
On
hi
everybody
welcome
to
the
January
22nd
community
call
here
at
maker
Dow.
At
this
call.
We
cover
everything.
That's
going
on
in
the
maker
universe,
everything
from
real
life
events
to
partnerships.
Community
mentions
some
highlights
pretty
much
the
whole
gamut
and
we
do
this
every
week
on
Tuesday
so
feel
free.
It's
one
of
our
two
weekly
calls
that
we
host
that
are
open
to
the
public.
There's
this
one
and
then
we
have
a
governance
and
risk
meeting
on
Thursdays.
A
A
Actually,
yes,
so
Mariano,
our
other
community
manager
and
lenka.
Both
will
not
be
here,
usually
they're
here
so
I'll
be
covering
for
them.
So
I
guess
I'll.
First
go
over
some
of
the
events
that
are
gonna
be
going
on.
So,
in
a
couple
of
weeks
we
have
Ethan
Denver
in
Denver
Colorado
in
the
States.
That's
gonna
be
really
exciting,
because
there's
a
lot
of
etherion
people
that
are
based
in
the
US
and
a
lot
of
people
are
coming
there
and
we
have
a
lot
of
really
cool
stuff
in
the
works.
A
For
example,
we're
gonna
be
doing
a
local
coin,
they're
called
buff
die
and
it's
gonna
be
using
Austin
Griffiths
burner
wallet
and
we're
gonna
be
doing
a
bunch
of
events
surrounding
that
and
everybody
at
the
event
is
actually
gonna
get
a
bit
of
that.
It's
gonna
be
a
lot
of
fun,
so
I'm.
Definitely
looking
forward
to
that.
Lenka
has
a
local
startup
event
tonight.
That's
why
she's
not
coming
it's
a
community
building
thing
in
Copenhagen
and
then
on
January
26.
A
She
has
the
CPH
in
tech,
reception,
I,
think
that's
also
in
Copenhagen
and
then
at
the
end
of
January.
She
is
joining
the
blockchain
week.
Berlin
and
that's
Mariana
see
our
community
manager
who's
usually
on.
These
calls
is
actually
gonna,
be
speaking
there
in
Berlin,
so
he's
gonna
be
flying
out
from
South
America
from
Buenos,
Aires
I.
Think
I
think
that's
race-based
7th
to
the
8th
of
February
rune.
Our
CEO
and
Martin
lund
fall
one
of
our
formal
verification
developer.
A
All
right
cool,
then
in
mid-february
we
have
we're
planning
yet
mid-february
for
Denver
we're
gonna
be
having
a
dot
the
hour,
so
it's
gonna
be
like
three
or
four
hundred
people.
Everybody's
gonna
be
able
to
pay
for
their
drinks
and
die.
It's
good.
We've
had
a
couple
of
these
in
the
past
and
there
are
a
lot
of
fun.
So
definitely
if
you
are
in
Denver
for
that
come
out,
we
have
do
our
Korean
community
manager,
he's
speaking
at
the
China
blockchain
expert
event
on
January
24th
in
a
couple
of
days
and
then
Jocelyn
and
Michael.
A
Pretty
sure
Jocelyn
is
our
Asian
room,
like
can't
remember
exactly
where
she
is
but
yeah
she's
in
Singapore
from
actually
she's
leaving
today,
but
from
the
19th
to
the
22nd
of
January.
She
was
at
the
bye,
Nance,
hackathon
and
conference
in
Singapore.
She
actually
got
a
couple
of
pictures
with
cz
was
pretty
pretty
cute,
it's
fun,
so
they
did
that
Michael
Elliott.
Judging
at
the
finance
staff
who
final
hackathon
alongside
other
high-profile
judges,
including
CZ,
jeff,
garza,
xpick,
one
core
developer
and
yeah
and
Jocelyn
like
we're
there.
So.
A
Alright
yeah,
that's
pretty
much
it
for
events,
nothing
too
crazy,
but
I'm
really
just
so
excited
for
you,
Thunder,
alright!
So
we're
gonna
go
over
some
technical
milestones.
Online
events,
notables
partnerships,
new
hires,
a
lot
of
stuff,
so
new
hires.
Last
year
we
were
really
ramping
up
the
new
hires
here
at
make
heard
out,
but
the
last
couple
weeks
it's
been
pretty
quiet,
so
no
new
hires
I'm
token
is
doing
a
giveaway
for
opening
CDP's
from
January
16th
to
today
at
12
p.m.
UTC,
+
8.
A
So
I'd
actually
don't
know
if
the
past
I
think
I
think
there's
another
four
hours
on
the
clock.
Ya
know
probably
until
twelve
hours,
I'm,
not
sure
UTC,
+,
8,
12
p.m.
figure
it
out,
but
they're
given
they're,
doing
a
giveaway
to
anybody,
opening
CDP's
through
them
so
and
actually
posted
a
tweet
today
saying
that
almost
all
the
CDP's
that
were
open
since
January
16th
were
actually
created
through
their
portal.
So
that's
pretty
cool
khyber
swap
is
rewarding
CDP's.
Well,
users
who
open
CDP's
in
december
I
think
it's
like
five
dollars
a
CD,
P
I.
A
Don't
know
why!
But
good
for
them
definitely
definitely
helps
spread
the
word
and
get
people
to
start
using
these
things.
Cdp's,
obviously,
are
not
for
everybody.
I
just
want
to
say
that
if
you
are
just
a
regular
person
and
you
want
to
use
a
CD
P,
definitely
be
fully
aware
of
the
risks
involved.
You
know
take
steps
to
really
ensure
that
you're
not
gonna,
put
yourself
at
in
some
sort
of
situation
where
you're
not
expecting
sign.
A
A
Andrews
laughing
alright,
but
alright,
so
that's
about
it
for
partnerships,
there's
nothing
really
too
crazy
to
have
that
happened
this
week.
Some
highlights
from
the
community.
We
have
a
CD
P
equalizer
tool
that
was
made
by
a
Reddit
user
by
the
name
of
Franz
Van
Horn.
So
the
tool
is
meant
to
watch
your
CD
P
and
it's
meant
to
basically
automatically
rebalance
it
to
the
specified
collateralization
ratio
that
you
set.
But
just
you
know
be
aware:
the
this
tool
requires
the
input
of
your
actual
private
keys.
A
So
it's
still
very
much
in
testing
and
it's
very
much
an
alpha
tool
and
it's
you
know
never
just
use
third-party
tools.
Definitely
do
your
research,
maybe
test
them
out
with
small
amounts.
But
you
know
I
see
these
things
coming
out
and
I
think
you
know
this
is
really
what's
just
gonna
be
possible
on
a
far
more
legitimate
level,
a
few
years
into
the
future.
A
Once
these
things
are
really
developed,
audited
and
and
like
polished
up
for
retail
use,
but
there's
gonna
be
so
many
cool
things
like
equalizers,
basically
like
automatically
rebalancing
your
personal
CDP,
just
with
some
software,
no
people
involved.
There's
also
a
die
shell,
which
was
a
I
think
it's
like
command
prompt,
it's
an
interactive
shell
and
command-line
interface
for
Dido
js',
and
that
was
also
submitted
on
our
reddit
by
a
user
by
the
name
of
tar.
X
bzf
so
definitely
check
that
out.
A
A
He
posted
this
really
really
captivating
comment
about
his
story
of
using
a
seedy
pizzeria
finances
home
mortgage,
and
we
actually
invited
him
to
write
out
a
longer
post
on
this
use
case
and
it's
called
lender
a
first
resort
and
I'll
actually
post
a
link
here
in
the
chat
by
the
way
guys
I'm
gonna
go
through
just
the
chat
a
little
bit
later,
so
we're
gonna
open
it
up
just
for
freeform
discussion
questions.
Anything
you
guys
want.
A
So
if
you
have
anything
that
you
want
me
to
address,
definitely
feel
free
to
put
it
up
in
the
chat.
So
all
right,
besides
the
lender,
first
resort
medium
post.
We
also
have
medium
post
by
our
friends
at
insta,
bat
and
maker
scan
so
some
way,
Jane
he's
a
him,
and
his
team
have
won
a
handful
of
hackathons
that
we
had
put
on
and
they've
been
really
killing
it.
So
their
platform,
instant.
That
actually
is
just
like
a
third-party
UI
for
CDP's.
They
have
maker
scan,
which
is
like
the
equivalent
of
maker
tools.
A
It's
also
just
a
data
aggregator,
and
you
know
those
visual
visualizations
of
data
and
also
they're
just
putting
out
so
many
cool
tools
like
they
made.
It
super
easy
for
you
to
pay
or
add
collateral,
to
see,
DPS
that
aren't
yours,
they're,
actually
going
to
be
coming
out
with
like
a
multi-sig
version
of
the
CDP,
soon
they're
gonna,
be
they
just
have
a
ton
of
stuff
in
the
works.
A
Definitely
definitely
follow
them
and
I'm
excited
to
see
more
groups
like
them
pop
out,
because
ultimately
they
make
a
really
interesting
point
maker
doubt
is
ultimately
a
protocol,
so
it
doesn't
live
on
its
own.
Anybody
can
use
it
as
a
back-end
for
their
front-end
user
interface.
So
I
expect
to
see
a
lot
of
third-party
CDP
portals
in
the
coming
years.
So
that's
really
exciting.
They're
medium
post
definitely
brought
it
into
perspective.
For
me,
let's
see
what
else
we
have
maker
mentioned
on
Nuggets
news
or
the
top
coins
of
2019.
That's
cool
nugget.
A
He
is
a
pretty
a
pretty
great
fan.
I've
seen
him
in
our
Rockets
had
a
bunch.
Definitely
smart,
dude
check
out
is
YouTube.
Oh
all,
right.
Besides
that
there
were
also
another
couple
mentions
Vasili
soon
enough
for
tech,
Nomad
and
wrote
an
article
about
basically
die
accumulating
1.7
million
in
eath
in
reserves,
and
this
is
pretty
cool,
oh
cool,
so
I'll
post
it
up
in
the
chat.
A
And
then
we
also
got
a
shout
out
for
being
quote
the
most
successful,
defy
protocol
and
most
successful
application
on
a
theorem
in
2018
and
quote
by
Josh
stark
Evan,
Van,
Ness
and
Daniel
is
Zach
resan
in
in
there
like
collaborative
article
of
the
year
in
aetherium
that
came
out.
Linda
come
out
on
the
16th
of
January,
so
just
about
a
week
ago.
I
will
also
post
that
in
the
chat
for
you
guys
to
check
out
so
yeah,
they
made
the
point
that
over
the
last
year,
died
survived.
A
A
94
percent
fall
in
the
value
of
its
underlying
collateral,
which
is
like
really
insane.
If
you
think
about
it.
The
system
was
battle
tested
in
the
first
few
months
of
its
launch
and
appeared
to
have
functioned
as
intended
has
quickly
become
a
core
piece
of
infrastructure
for
many
etherium
applications.
So
the
theorem
is
interesting
because
it
actually
has
a
few
different
like
subsets
of
like
use
cases,
and
you
know
defy
or
decentralized.
A
Crypto
economic
view
of
this
very
well
might
be
a
parallel
sort
of
infrastructure
for
economies
to
survive
on
it's
so
exciting,
but
yeah
ninety-four
percent
fall,
and
you
know
it's
kind
of
serendipitous
that
died
launched
when
it
did
because
it
launched
right
at
the
peak
of
the
bubble
and
it
literally
just
stated
a
dollar
no
funny
business,
even
at
low,
relatively
low
liquidity,
relatively
low
supply,
relatively
low,
everything
still
survived,
and
it's
only
gonna
get
stronger
when
multi
collateral
die
comes
out.
So
I'm
super
excited
for
that.
A
B
A
B
B
B
B
So
we're
a
merchant
payment
gateway,
so
merchants
who
want
to
accept
crypto
as
a
form
of
payment
for
goods
and
services,
we're
looking
to
build
out
a
whole
host
of
decentralized
finance
products
and
dye
and
make
a
dye
are
going
to
be
kind
of
at
the
core
of
that
sweet
awesome.
Last
time,
I
talked
to
you
guys,
you
were
I
mean
it
was
a
while
ago.
It
was
like
a
TED
con
aside
from
just
the
rocket
chat
there
was,
you
guys
were
trying
to
figure
out
basically
how
to
track
payments.
B
Well,
it
was
two
things
one:
how
to
initiate
parents
or
people
that
didn't
have
ether
and
their
wallet
and
then
how
to
allow
merchants
so
like,
let's
say
that
they
accept
payment
and
you
through
how
to
actually
allow
them
to
differentiate
between
sales
instead
of
having
it
all
just
go
to
one
wallet
where
it
sits.
Did
you
guys
figure
that
out
yeah?
A
A
It's
it's
I'm
gonna,
go
double
check
in
our
resource
repository
because
I
definitely
remember
I
added
them
in
there.
Well,
it
was
like
four
or
five
months
ago,
so
my
memory
is
like
terrible
but
yeah
going
back
to
Ashley's
question
of
who
else
is
here
and
why
are
you
there
here
I
see
Carter
wrote
in
the
chat
in
the
beginning
of
the
call
that
he's
based
out
of
Chicago
he's
an
independent
developer
and
he's
been
experimenting
with
automating
his
CDP
for
last
several
weeks.
C
C
But
so
now
that
I
kind
of
finished
that
and
I'm
bored
again
I'm
trying
to
kind
of
calculate
the
the
risks
associated
with
with
the
CDP
I've,
had
one
open
for
a
couple
months
now,
but
trying
to
kind
of
calculate
the
actual
risk
and
defining
what
kind
of
dollar
amount
risk
is
associated.
Is
it's
really
tough,
especially
once
you
start
kind
of
leveraging
a
couple
times
and
redepositing
so
I've
been
using
a
lot
of
Python
to
to
kind
of
start
to
see
what
would
make
sense.
C
I
want
to
make
a
CDP
that
can
be
that
I
can
actually
value
the
risk
associated.
So
that
way,
I
can
have
a
CDP
leverage
that
the
best
kind
of
liquidation
ratio
so
that
we
can
get
the
most
return
with
the
least
amount
of
possible
risk.
But
it's
a
lot
a
lot
of
math
and
so
I've
got
a
long
way
to
go
on
that.
So
I'm
just
happy
to
listen
to
you
guys
and
to
hopefully
help
out
in
this
ecosystem.
Any
way
I
can
so.
C
Nothing
too
much
something
I
realized
yesterday,
cuz
I'm
just
trying
to
do
some
basic
CDP
work
now
before
I
go
into
the
weeds
of
leveraging
and
a
certain
ratio.
So
what
I
was
kind
of
testing
was
just
keeping
a
ratio
between
175
percent
and
225
and
just
kind
of
calculating
the
how
much
I'd
have
to
redeposit
any
to
raise
that
ratio.
C
It
was
interesting
because,
just
with
the
initial
deposit
of
like
five
thousand
dollars
looking
at
the
simulations,
if
it
goes
under,
that
the
liquidation
ratio
and
I
have
to
rebalance
or
to
redeposit
something
I
found
interesting
is
that
you
can
basically
just
look
at
the
current
dollar
value
of
of
your
CDP
and
then
what
deposit
enough
to
get
back
to
that
five
thousand
dollar
initial
value.
So
I'm
just
doing
a
lot
of
experimenting
now,
there's
a
lot!
C
A
C
A
A
So
Eric
green
he's
a
consultant
data
scientist
for
McKinsey
and
he's
looking
to
transition
into
a
full
time.
Crypto
role,
yeah,
that's
really
cool
I,
definitely
need
more
data.
Scientists
in
the
space
I
make
her
dad.
We
actually
just
hired
this
girl,
Madison
she's,
a
quant
AI
data
scientist
person,
she's,
actually
gonna
be
participating
in
the
risk
team
very
heavily.
So
that's
exciting
a.
A
A
A
A
A
I
didn't
hear
anybody
in
our
internal
chats
talking
much
about
it
either
all
right.
Another
question:
what
is
the
risk
of
defy
spreading
faster
than
what,
if
you're
Ian
can
practically
support?
All
I
mean
I
can
kind
of
take
a
shot
at
that,
so
the
biggest
things
with
finance
is
well.
The
biggest
thing
with
finance
is
really
risk
management.
A
So
if
you
see
a
sort
of
usage
outpacing
what
what
the
entire
ecosystem
can
really
handle
in
terms
of
liquidity,
in
terms
of
like
all
of
these
sort
of
associated
variables,
you
might
see
things
like
an
emergency
shutdown
happen.
For
example,
you
know
if
way
too
much
theorem
gets
locked
in,
and
you
know
the
maker
stakeholders,
for
example,
decide
that
it's
far
too
risky.
You
might
see
that
many
of
these
the
centralized
finance
ABB's
kind
of
shut
down,
but
I'm,
not
really
a
hundred
percent
sure
I'm.
B
B
I
mean
to
just
kind
of
follow
on
to
that.
I
think
that
you
know
there
are
some
very
clear
things
that
make
sense,
given
the
kind
of
scale
of
etherium
right
now
you
know
CDP,
you
don't
necessarily
need
that
to
happen
like
that
right
for
things
like
micro
payments,
or
you
know
anything
that
involves
obviously
there's
no
like
privacy
right
on
aetherium.
Yet
so
we'll
see
lake
layer,
two
solutions,
we've
already
seen,
some
we've
had
some
ZK
died
recently,
which
is
pretty
exciting.
B
So
that's
interesting,
and
then
you
know,
we've
got
like
POA
ex
died
chain,
which
is
you
know,
kind
of
an
interesting
solution
that
allows
you
to
actually
use
die
as
the
native
currency
and
as
the
gas
instead
of
going
to
the
main
chain.
So
you
know,
obviously
plasma
implementations
are
being
worked
on
all
those
things.
B
There
are
some
scaling
issues,
but
in
general,
I
might
gut
feeling
right
now
is
that
there
it's
not
growing
fast
enough
yet
to
the
point
where
it's
a
legitimate
concern,
just
in
terms
of
like
being
restricted
by
the
technology
and
I,
don't
think
it's
gonna
likely
to
get
to
that
point.
You
know
anytime
soon
in
the
future.
If
a
Syrian
can't
scale,
then
you
know
that'll
be
another
conversation,
but
so
far
you
know
it's
growing
quickly,
but
it's
not
growing
so
quickly
that
you
know
aetherium
isn't
gonna
be
able
to
handle
it
for
right
now.
B
D
D
Just
I
just
wanted
to
say
hi,
you
know
thank
you
for
for
actually
addressing
my
question.
Well,
the
reason
I'm
asking
is
because
I
mean
we
already
know.
This
happened
back
in
December
2017
with
the
keys
right
and
then
you
know
it's
not
unimaginable
that
it
could
happen
again.
Considering
let's
say
you
know,
you
know,
die
or
there's
some
app
being
built
on
top
of
maker
and
like
it
becomes
like
hugely
popular.
D
You
know,
they'd
say
maybe
pay
bear
or
something
you
know
a
company
like
that,
like
a
payments
or
you
know,
remittance
app
or
something
and
then
all
of
a
sudden,
you
realize
that
I
mean
everything,
looks
great,
but
the
infrastructure
cannot
handle
the
amount
of
transactions
or
something
you
know
and
then
obviously
what
everything
is
everyone's
gonna
trying
to
do
really
quickly,
starting
looking
at
a
layer,
two
solutions
or
something
and
try
to
figure
out
okay.
How
can
we
scale
this
like
super
quick?
A
A
B
B
You
know
theorems
ability
to
scale
for
the
moment,
and
you
know
I
think
things
like
state
channels
are
gonna,
be
interesting
and
helpful
and
yeah
I
mean
basically
it's
gonna
all
be
all
about
layer
two
until
the
main
chain
is
to
the
point
where
it
can
handle
all
that
traffic,
and
you
know,
even
even
if
the
main
chain
does
scale,
I
think
that
most
of
these
things
will
end
up
being
in.
You
know,
layer,
two
solutions
anyway,
just
for
efficiency
and
and
gasps
sake,.
C
That
is
a
lot
of
research
on
the
whole
constantinople.
The
different
implementations
that
they're,
adding,
especially
with
create
to
allow
you
guys
to
create
these
basically
accounting
advanced,
to
add
all
of
those
initial
transactions
and
gas
fees
for
beginning
users.
Something
guys
have
also
been
looking
at.
A
B
As
far
as
that's
like
kind
of
not
something
that
we're
that
focus
on
on
it's
just
sort
of
like
the
maker
core
team,
but
I
know
that,
like
insta-death
and
some
of
the
applications
that
are
building
on
top
of
maker
are
looking
to
use
some
of
these
VIPs
in
their.
You
know
in
their
development
as
a
tool
in
the
toolbox
to
you
know,
mix
on
these
things
a
little
bit
easier
for
people.
C
A
Actually,
in
the
in
the
Articles
that
I
mentioned
earlier
in
the
call
from
insted
app,
they
actually
mentioned
that,
because
all
of
their
sort
of
dye
is
pooled,
they
could
draw
on
the
eventual
functionality
of
the
dye
savings
rate
to
offset
like
transaction
fees
for
users
through
those
like
metadata
transaction
like
I
forgot,
I'm,
forget
exactly
the
technical
details
of
it,
but
they
could
actually
use
that
small
interest
on
their
pool
of
Diet
to
offset
user
transactions.
Even
if
it's
not
fully,
it
would
be
a
huge
user
experience
game.
A
But
yeah
I
think
in
terms
of
then
that
we're
getting
congested
I
doubt
it's
gonna,
be
really
from
a
defy
app
I
think
most
likely
you're,
probably
gonna,
see
it
either
from
a
game
that
didn't
use
a
little
hair
to
solution
or
from
some
runaway
viral
app
that,
like
really
might
like
screw
things
up
for
a
couple
weeks,
and
then
the
network
eventually
will
die
down
and
that
app
might
switch
over
to
some
other
solution.
But
obviously
this
is
all
conjecture
but
yeah
I
doubt
it's
gonna
come
from
me
because
I.
B
C
A
So
there
was
one
other
question
from
Eric
that
I
didn't
care
that
I
didn't
get
to
what's
happening
with
the
trade
shift
partnership.
What
product
specific
entry
integrations
are
in
development
with
them,
so
I
am
NOT
a
part
of
business
or
the
integrations
team.
So
I'm
not
100%
sure
how
to
answer
that,
although
I
do
know
that
they
have
been
working
on
actually
I.
A
Think
the
last
I
heard
they
were
doing
like
a
very
small
sample
size
of
like
testing
and
they're
they're
still
trying
to
get
all
of
the
back-end
infrastructure
for
like
what
they're
doing
through
but
again
I
would
need
to.
Probably
I
wish
actually
actually
could
have
stayed
here
to
answer
that
yeah!
That's
right!
They
did
actually
mention
that
on
a
recent
call,
you're
right,
Q,
so
Matthew
you're,
asking
about
the
stable
phone.
A
A
We're
still
very
supportive
of
giving
grants
to
you
know
complementary
partners
in
the
space,
so
developers
content
creators,
even
community
members
with
micro
grants,
so
we
are
definitely
still
in
support
and
like
aiming
towards
that
sexual
goal
of
having
something
like
the
stable
fund
and
it
is
coming
so
definitely
look
out
for
that
yeah
for
sure
Marcin.
This
is
new
giveth
with
died,
the
giveth
that
becomes
more
powerful
tool.
Oh
yeah
I
think
that
they
actually
just
posted
that
yeah.
A
They
literally
just
posted
that
during
the
call
yes
only
read
this,
the
giveth
community
is
thrilled
to
announce
that
our
DAP
currently
in
beta
now
supports
payments
in
the
form
of
the
dice
table
coin.
Thanks
to
a
generous
ten
thousand
euro
grant
from
the
maker
Dow
Community
Development
Fund
yeah
there
you
go
some
ask
you.
We
are
doing
some
some
grants
under
not
under
the
stable
fund,
but
under
this
new
initiative
we're
doing
the
Community
Development
Fund
so
definitely
look
at.
A
A
Daniel
on,
do
you
have
recommendations
for
contributing
open
source
to
the
project,
any
beginner
issues
tickets.
That
would
help
a
newcomer
learn
a
lot
so
Daniel.
You
can
actually
join
our
rocket
chat
and
go
into
the
dev
channel.
I
know
our
github
is
all
like
public
I
know
that
only
some
yeah
I
think
you'd
need
to
talk
to
the
developers.
Even
if
you
talk
to
hero,
you
can
message
Nick.
It
can
probably
help
you
with
that.
If
you
want
to
poke
your
nose
and
some
of
the
stuff
stuff
you're
working
on
something.
C
That
that
I've
done
to
help
with
contributing
to
open
source
repos
is
just
looking
at
the
overall
kind
of
read,
maze
and
seeing
if
there's
any
way,
I
can
improve
it.
Just
I
think
there's
one
I,
just
even
added
hyperlinks
it
like
it,
wasn't
even
much
of
an
addition,
but
being
able
to
just
kind
of
help.
People
out
with
something
simple
like
that,
it
kind
of
gets
you
more
involved,
and
it
may
not
mean
much
to
them,
but
it's
it's
definitely
a
step
in
the
right
direction.
Yeah.
A
And
just
add
to
that,
even
if
you're
not
a
developer,
and
you
want
to
contribute
to
open
source
projects
like
here
at
maker.
Now
we
have
a
couple
of
things
like
the
it
is
yeah
I
posted
in
the
chat.
It's
our
awesome
maker,
Dao
repo,
so
it
literally
just
has
a
ton
of
resources
and
I'm
always
looking
for
people
to
either
add
things
that
we
at
community
development
might
have
missed.
A
A
Just
do
it
myself,
but
yeah
suggestions
on
that
are
helpful,
but
in
general
maker
there's
a
million
ways
to
help
you
know
even
criticism
helps
concerns
how
participating
in
community
discussions
help,
but
if
you're,
specifically
a
developer,
definitely
get
in
touch
with
our
developers
and
they're
not
hard
to
get
in
touch
with
just
join
us
on
our
rocket
chat
and
check
out
the
dev
channel
so
yeah
all
right.
Let
me
go
through
the
travel,
miss
you.
What
else
I
am.
I
have
most.
A
A
Okay,
so
Akira
writes
there
have
been
a
lot
of
tokenization
companies.
Popping
up
lately
would
like
to
know
very
look
roughly
is:
can
you
provide
an
estimate
of
what
portion
of
the
maker
has
partnership
deals
in
the
pipeline
for
or
how
many
there's
a
relationship
with
alright,
so
I'd
need
to
talk
to
probably
the
biz
dev
team.
I
know
that
in
general
we
have
a
couple
of
hundred
partnerships
already,
not
all
of
them
public,
obviously,
but
on
the
side
of
tokenization
companies.
A
A
But
I
know
that
any
tokenization
company
that
has
its
weight
in
salt
and
that
is
actually
doing
something
interesting.
We're
definitely
going
to
be
talking
to
them,
because
the
first
line
of
interest
for
us
is
getting
new
collateral,
especially
collateral.
That
is
not
correlated
to
the
crypto
markets
on
board,
because
that's
going
to
make
a
stronger
underlying
collateral
collateral
portfolio.
So
definitely
definitely
they
are
not
flying
under
our
radar.
A
A
A
Yeah,
that's
right:
Lawrence
I
saw
your
your
post.
I
think
actually
responded
to
it,
but
yeah
home
equity
is
collateral
for
CDP,
so
that
actually
gets
really
tricky
because
you
know
houses
are
non
fundable,
their
you
know
their
own
assets.
You
have
to
consider
a
lot
of
things
like
how
do
you
have
recourse
for
that?
Like
that's
one
of
the
biggest
that's
one
of
the
biggest
things
to
consider
when
you
want
to
add
collateral
into
our
system,
so
recourse
Reath
basically
is
handled
through
right
now,
the
liquidity
providing
contract.
A
So
if
a
loan
defaults,
the
ether
is
the
collateral
seized,
put
up
for
sale,
3%,
discount
and
and
basically
takes
the
debt
plus
a
13
percent
penalty
and
returns
any
excess
collateral
that's
left
over,
but
for
something
like
a
house
or,
like
you
know,
a
lineup.
You
know
a
loan
or
line
of
credit
or
somebody's
somebody
else's
debt
like
theirs.
It
gets
a
little
bit
more
hairy,
but
it's
yeah.
A
For
these,
for
these
REITs
and
and
what
they
do,
is
they
block
everything
together?
So
you
have
more
of
a
illiquid
asset
because
the
house,
you
can't
really
do
anything
with
a
house,
but
if
you,
if
you're
a
guy
that
owns
a
bunch
of
buildings,
I
mean
yeah,
I,
don't
know
I'm
kind
of
also
out
of
my
depth
here,
but
yeah.
It's
oaken,
izing
housing
that
isn't
very
interesting.
But
again
you
know
you
get
like
you,
you
think
about
how
make
your
Dow
might
evolve
and
how
like
a
lot
of
these
defy
products
might
evolve.
A
You
might
have
things
that
are
totally
open
to
the
public
like
aetherium
and
dye
and
other
like
cryptocurrencies
that
might
not
be
deemed
securities
and
that
are
like
somewhat
deemed
safe
by
the
regulators
to
happen
in
public,
then
you're
gonna
have
things
like
REITs
and,
like
you
know,
maybe
housing
that
maybe
your
car
who
knows
yes,
but
all
these
things
are
gonna
happen
over
time.
I,
honestly,
don't
expect
to
see
that
happen
in
the
next
few
years.
D
D
A
C
A
A
You're
gonna
have
to
do
an
assessment
on
you're.
Gonna
want
to
do
a
qualitative
assessment
on
the
tee,
maybe
on
the
token
economics
of
their
project
you
know,
etc,
etc,
and
then
you're
gonna
have
to
do
like
a
quantitative
analysis
on
the
actual
trading
on
the
liquidity
profile
of
the
coin.
On
the
total
supply
on
you
know,
you
have
to
kind
of
configure
all
the
risks
and
you
have
to
see
what
you
can
do
with
it.
But
yeah
I
mean
I'm
kind.
A
D
I
completely
agree
with
you,
I
just
don't
I,
don't
think
that
they
hold
much
much
value.
You
know
and
I
mean
there's
such
I
mean
eater
is
already
a
huge
risk.
You
know
forget
about
other
years.
It
went
oaken's,
that's
why
I
was
even
thinking
about
home
equity,
which
is
something
that
is
solid.
I
mean
people
can
count
on
right.
That's.
D
A
Basically,
debt
and
they're
gonna
use
it
as
collateral,
because
they're
gonna
be
able
to
use
their
data
because
everybody's
on
their
platform,
so
it's
kind
of
rate
their
customers
own,
like
internal
credit,
ratings,
they're
gonna,
have
their
own
credit
ratings.
Everybody's
gonna,
they're
gonna,
have
different
well
I,
don't
really
know
how
to
explain
it
but
yeah.
It's
it's
not
gonna,
be
like
an
individual
non-clinical
token.
It's
probably
gonna
be
transacted
more
in
terms
of
blocks
of
debt,
but
yeah
your
C
20s
encrypt.
Those
I,
don't
know
if
there's
like
a
really
good
yeah.
A
If
there's
a
really
good
your
c
20
version
of
Bitcoin,
that's
like
reliable
and
like
doesn't
have
a
lot
of
like
an
extreme
amount
of
risk.
I'd
be
definitely
for
it.
I,
don't
know
much
about
wrapped
Bitcoin
I
read
about
it.
A
bit.
I
know
that
we
are
active
participants
at
least
a
couple.
People
are
members
that
see
more
active
participants
in
their
Dow,
but
I
know.
A
lot
of
people
have
expressed
the
concerns
about
the
centralization
and
a
lot
of
the
risks
involved
with
WB
TC.
A
But
again
you
know
these
things
are
gonna
get
better
over
time.
Maybe
WB
TC
is
the
solution
of
right
now,
but
then
you
might
have
in
six
months
that
they
do
something
that
drastically
decreases
their
risk
and
it
becomes
a
really
great
collateral.
But
again,
Bitcoin
is
very
much
tied
in
with
aetherium
in
terms
of
its
price
direction.
So,
although
it
would
be
good
for
scaling
for
stability
and
for
security,
like
non-correlated,
assets
are
obviously
better
so
tokenized
invoices
are
great.
A
And
other
things
like
that,
yeah
off
chain,
a
so
it's
like
they're,
just
digits
that
are
represented
on
chain
are
great.
You
might
even
see
synthetic
assets
eventually.
So
if
there's
gonna
be
a
MCD,
is
a
multi
collateral
that
it's
the
next
version
of
the
dye
credit
system.
That's
gonna
be
coming
out
this
year,
yeah.
A
Yeah
so
Jordan
Crandall
writes
basically
I,
don't
see
all
other
collateral
types
making
up
any
more
than
10%
of
all
CDP's
it
multilateral
dialogue
today,
so
multi
carbide
doesn't
really
matter
until
cooler.
Things
start
to
get
tokenized,
yeah,
absolutely
100%,
agree,
100%
agree,
but
multilateral
dye
will
matter
in
a
couple
of
ways
because
number
one
the
the
way
that
collateral
sold
is
gonna
change.
A
So
there's
gonna
be
an
auction
mechanism
so
right
now
there
is
no
auction
mechanism,
it's
just
a
direct
sale
through
the
liquidity
providing
contracts
and
it
takes
an
Oracle
price
discount
through
the
boom-bust
spread
and
that's
the
way
that
liquidations
are
handled
now.
But
with
the
auction
mechanism.
You're
gonna
have
a
lot
more
organic
price
discovery
and
it's
just
gonna
be
a
lot
fairer
and
a
lot
more,
a
lot
more
interesting,
true
yeah
and
also
no
path.
A
A
If
you
consider,
like
stability
fees
versus
penalties,
paid
path,
holders
definitely
won
out
and
how
much
money
they
made
versus
maker
holders,
but
again
technically
maker
older,
is
a
baron
or
risk
and
single
collateral
die
because
it's
pet,
that's
it
rude,
not
maker
yeah,
oh
yeah,
multi-car
old
I
was
gonna,
do
a
lot
of
really
great
stuff,
but
again
yeah.
Once
more
collateral
types
come
online
that
are
interesting.
That's
when
they'll
declare!
Oh,
that
will
get
interesting,
but
in
the
meantime
you're
gonna
see
I.
A
Think
ether
is
gonna,
be
a
really
sort
of
predominant
collateral
for
a
long
time,
Daniel
asks
for
multi
collateral
die.
Could
you
point
us
to
some
resources
to
learn
about
price
Oracle's
for
non
eath
collateral,
so
I
think
that
the
current
Oracle
system
is
fairly
well
documented
by
our
guy
Mariano
and
I
think
that
it's
sort
of
a
proof
of
concept
and
sort
of
like
first
version
for
nani
'the
collateral,
because
if
you
think
about
like
90th
collateral
and
what
you
need
for
a
good
oracle
for
that,
you
need
like
multiple
price
feeds.
A
You
need
probably
like
several
people
providing
those
price
feeds
and
then
yeah
and
actually
Oracle's
are
also
gonna
change.
I
forgot
they're
not
going
to
be
doing.
You
know
fifteen
transactions
per
per
update,
so
the
price
feed
they're
gonna
do
everything
through
scuttlebutt,
so
they
could
batch
everything,
and
just
do
so.
They're
gonna
be
a
lot
lighter,
but
actually
it
might
be
interesting
to
have
Mariano
on
a
call,
maybe
next
week
or
in
the
future,
to
talk
about
Oracle's.
A
A
Is
there
a
list
somewhere
where
people
can
propose
collateral
for
multi
collateral
dive?
There
isn't
a
aggregated
list
anywhere.
Actually
you
could
probably
post
on
Reddit
and
see
what
the
current
the
currents
are.
Consensus
in
our
community
is
about
that
because
I
know
it's
definitely
changed
a
lot
in
the
last
year
people
thought
the
Jukes
was
gonna,
be
a
lot
bigger
people
thought
all
machine
was
gonna,
be
good,
but
oMG
is
not
very
good
but
yeah
post
on
Reddit
I
know
a
lot
of
people
are
over
there
and
I'll
definitely
post
my
response.
A
There
it'll
be
easier
to
think
about
it,
then
just
to
kind
of
talk
on
the
call,
because,
if
I
think
about
it,
I'll
come
up
with
more
ideas,
I'll
be
able
to
draft
a
better
response
for
you
guys,
alright,
so
we're
coming
on
four
minutes
to
the
hour.
Let
me
know
if
you
guys
have
any
other
questions
anything
you
guys
want
to
talk
about.
A
Alright,
so
thank
you
guys
for
coming
on
the
call
this
week,
yeah
request
to
have
at
least
one
business
person
on
the
call
yeah
that
definitely
definitely
left
that
I'll
ping,
Ashley
or
or
Greg
or
even
Jess
Jess
is
actually
part
of
the
business
team.
Well,
yeah.
Definitely
so
this
week
we're
kind
of
light
on
people
yeah.
A
Is
there
a
develop
call,
or
is
it
just
rocket
Chad?
So
we
do
a
bunch
of
internal
calls.
There
is
no
like
open
source
dev
call
the
only
two
open
calls
we
have
or
this
call
which
is
just
sort
of
an
update
and
conversation
with
the
community,
and
then
we
have
the
governance
and
risk
calls
which
is
very
much
focused
on
risk
assessment,
collateral
types,
how
to
improve
governance,
etc,
etc.
So
we
actually
this
last
one.
We
talked
about
the
stability
fee
and
there's
a
really
good
discussion
thread
going
on
on
reddit.