►
Description
Andy Milenius, our CTO, talks about the recent release of the Multi-Collateral Dai contracts to the testnet, and what that means for MakerDAO.
Jocelyn Chang, our brand new Community Lead for the Asia-Pacific Region fills us in on Runes recent trip to Singapore. So much happening in APAC...
A
C
A
A
C
So
geniuses
in
in-concert,
working
together
to
come
up
with
crypto
related
puns,
I'm
so
proud
of
that
all
right.
So
let's
talk
about
some
technical
milestones
that
have
happened
recently
in
the
Maker
Dow,
a
universe,
a
lot
of
big
ones,
so
many
big
ones.
It's
almost
hard
to
pick,
which
one
we
should
focus
on
the
foundation.
Our
first
decentralized
governance
boat
is
has
been
completed.
The
result
was
almost
suspiciously
overwhelmingly
positive.
C
Ninety-Nine
point:
eight
six
percent
of
voters
supported
the
five
core
principles
for
the
maker
dow
foundation,
which
is
a
great
show,
support
a
lot
of
a
lot
of
interaction
with
the
tool.
It
was
the
first
a
chance
for
maker
to
present
a
sort
of
a
fully
fleshed-out
gap
for
the
community.
It
was
very
exciting,
so
that's
hardware
support
real
UX
UI
experience
explanations,
but
what
you're
supposed
to
do
with
the
tool,
which
is
handy
and
it
was
well-received-
we
have
more
iterations
in
the
pipeline.
C
I
know
this
orange
team
is
furiously
at
work,
making
the
voting
tool
version
2
for
us
there's
exciting
things
to
come
in
the
future.
We've
partnered,
with
request
network
once
again
to
facilitate
the
donation,
are
the
acceptance
of
donations
in
dye
for
various
charitable
organizations,
which
is
pretty.
C
Obviously
the
reduction
of
volatility,
and
where
does
that
make
sense,
donations
I
think
is
a
huge
one
if
you
donate
$200
in
ease
and
a
month
later,
it's
worth
$100
in
ease,
it's
not
a
great
feeling,
so
stable
coins
or
a
great
opportunity
for
us
there
and
request
a
stepped
up
to
help
us
up
again.
That's
a
great
partnership.
C
Along
the
same
lines.
We've
just
announced
that
we're
going
to
do
5k
in
donation
matching
for
the
hurricane
relief
fund.
If
there's
information
on
the
subreddit,
so
if
you
guys
want
to
put
your
stand
in
there
and
drop
by
over
10
died
in
the
pot
maker
doubt
will
match
that
up
to
5k.
So
it's
a
good
opportunity
for
us
to
show
everybody.
What
crypto
is
capable
of
I
still
actually
do
some
good
with
our
stable
coins
instead
of
sitting
around
watching
our
stacks
slowly
deplete
over
time
because
of
aetherium
the
marketing
site
is
launched.
C
Already
have
a
look
at
that.
Let
us
know
your
feedback
is,
if
you
find
any
dead
links
or
anything,
you
want
improve.
We'd
love
to
hear
about
it
and
the
final
thing
that
I
wanted
to
talk
about,
but
I'm
not
going
to
save
much
I
mean,
and
this
this
is
so
big
that
I
can
wrap
my
head
around
it
ina
let
Andi
wrap
his
head
around
it
and
ours
as
well.
C
If
anybody
has
any
questions
as
always
feel
free
to
jump
in
or
just
start
typing
them
in
the
chat
window
and
then
Jess
or
I
will
spot
them
and
read
them
out,
for
you
I
think
I'm
trying
to
figure
out
what
format
we
should
go,
I!
Think
Jocelyn!
Why
don't
you
have
it?
You
kick
us
off
first
and
we'll
talk
a
bit
about
what's
happening
in
the
asia-pacific
region,
and
then
Andy
will
dig
in
here
yeah.
A
Sure
hi
everyone,
I'm
mocchi,
Jocelyn
I'm,
the
new
APEC
community,
lead
us,
you
know
and
sitting
in
Singapore
office.
So
so
my
role
is
to
actually
evangelize
make
it
out
and
also
die
in
Southeast
Asia.
So
there
have
been
a
lot
of
you
know:
activities
happening
in
the
surrounding
region
in
Vietnam,
Thailand,
Philippines
and
Indonesia,
and
obviously
Singapore
being
the
blockchain
happened.
Southeast
Asia
so
really
psyched
to
be
part
of
the
team
to
make
a
difference
in
the
blockchain
Bo.
A
Thanks
for
having
me
and
so
I
also
planned
that
community
building
activities
of
reaching
out
to,
like
you
know
new
users
and
scouting
for
potential
business
partners
of
you
know
within
Southeast
Asia,
so
targeting
trade,
finance
companies
and
supply
chain
companies
as
rouen
actually
preach.
You
know
when
he
came
to
Singapore,
so
he
actually
came
to
sample
with
turban
about
a
week
ago.
A
A
One
of
them
is
actually
the
FinTech
workshop
where
they
try
to
bridge
copenhagen
FinTech
companies
with
Singapore
FinTech
company,
so
they
were
about
150
to
200
participants.
You
know
from
the
financial
institutions
from
from
the
IT
companies
and
so
and
we
actually
member
of
a
lot
of
Industry
industry
leaders
that
can
provide
us
context
from
the
supply
chain
and
treat
finance
industry.
So
it
was.
It
was
really
great
and
so
ruin
also
presented
I
to
a
group
of
n
us
and
you
as
a
National
University
of
Singapore.
A
So
he
presented
to
a
group
of
academic
researchers
and
professors
when
he
was
here
and
we
are
currently
exploring,
like
you
know,
different
collaboration
that
we
can
book
with
all
these
with
with
the
insta
and
us
actually
and
so
yeah
and
yeah
I'm.
Actually
super
very
I
was
super
excited.
You
know
to
have
the
opportunity
to
attend
the
reception
as
well
at
the
Danish
ambassador
residents
and
ruin
was
ruined
for
Windows.
A
C
A
So
see
the
thing
and
the
target
audience
was
like
you
know,
mainly
professors
from
the
School
of
Computing,
and
you
know
and
researchers
that
works
in
the
School
of
Computing,
so
they
don't
really
quite
grab
the
concept
of
like
me
die.
So
you
know
I,
guess
that,
will
you
know
my
job
is
really
simplified,
the
entire
concept
to
tell
them
that
you
know
and
follow
up
with
them
after
the
meeting
itself.
C
A
They're
interested
in
actually
listening,
died
and
I
mean
that
you
know,
as
and
and
also
launching,
like
you
know,
Dyess
a
base
trading
base
pair,
so
yeah
I
mean,
like
you
know,
they've
heard
about
make
a
doubt
very
much.
You
know
like
this.
I
spoke
to
like
some
of
the
researchers
and
they're
like
hey.
A
You
know,
like
you
know,
you
know
how
they
make
it
out
been
doing
that
you
know,
haven't
really
heard
from
them,
because
one
of
them
actually
invested
and
make
a
coin
like
about
two
feet:
yeah
yeah,
yes
back
and
I-
think
they're
really
very
excited
to
have
like
you
know
us
I
mean,
like
you
know,
like
you
know
the
age
of
presence.
You
know
other
than
me
and
child
yeah
from
China
yeah.
That's.
A
C
A
C
B
Name
is
Andy
Millennia's,
like
I
said:
I
was
on
the
first
community
call
ever
back
in
2015,
I
just
got
really
into
etherium
back
then,
and
back
then
there
weren't,
very
many
projects,
and
the
only
one
that
was
really
interesting
to
me
was
maker
and
so
I
started
to
just
contribute,
because
back
then
was
much
more
of
like
an
open
source
project
in
the
sense
that
it
was
just
like.
There
was
no
organization,
you
could
just
come
and
contribute
and
stuff
it
was
less
formal
and
so
I
saw
it.
C
A
C
B
C
B
A
lot
of
moment-
and
it's
really
crazy,
like
let
express
since
joseline
just
coming
on
and
hitting
the
ground
running
and
just
started
doing
a
lot
of
stuff.
You
know
this
is
like
very
typical
right
and
it's
coming
to
the
point
where
I
can
barely
keep
up
like
they're
joining
and
contributing
and
like
more
and
more
people
and
people
talk
to
their
friends
about
how
cool
it
is
and
they
come
enjoy
and
I
just
got
done
interviewing
somebody
right
a
second
ago.
It's
a
lot
of
activity.
Yeah.
C
That's
one
of
the
things
that
we
were
talking
about
in
East
Berlin.
We
had
this
impromptu
sit-down
with
other
community
managers,
and
people
were
talking
about
the
problems
that
they
had
with
management
community,
and
my
problem
was
that
we
have
too
much
happening.
We
release
too
often
there's
too
many
cool
things
and
it's
kind
of
creating
this
sense
of
exhaustion.
It's
hard
for
people
to
keep
up,
and
none
of
the
other
community
managers
knew
what
I
was
talking
about.
B
C
B
We
launched
no
collateral
die
back
in
in
December
last
year,
and
that
was
really
good.
It
was
very
instructive
in
terms
of
like
what
works
and
what
doesn't
and
especially
like
about
a
system
designed
and
and
sort
of
like
I,
don't
know
invariants
and
things
like
this
and
guarantees
stuff,
because
at
the
end
of
the
day,
maker
is
very
much
a
governor
system
governed
by
the
maker
holders.
B
So
early
on
in
the
history
of
maker,
there
was
like
this
reflexive
sort
of
drive
to
lock
ourselves
out
of
the
system,
which
is
incredibly
important
when
you
think
about
like
make
incredible
promises
to
people
right,
but
that
doesn't
change
the
fact
that
VM
Carroll
does
huge
things
like
the
price
fees.
They
choose
things
like
the
different
types
of
collateral.
They
can
basically
control.
They
have
a
lot
of
levers
to
control
the
system
right
and
so
the
system
was
created.
B
A
decision
was
always
conceived
of
and
this
sort
of,
like
Bitcoin
sort
of
like
hard
immutability
sort
of
way.
No,
but
what
I
led
she
was
actually
just
kind
of
like
a
clunky
brittle
design,
and
it
was
part
of
what
was
a
headache
about
single
collateral
die
up
to
this
point,
no,
and
so
because,
at
the
end
of
the
day,
the
mkr
alerts
are
sort
of
like
responsible
for
the
system.
B
You
know
as
a
dow,
we
sort
of
like
went
back
to
the
drawing
board
and
made
another
version
of
the
system
that
basically
acknowledged
that
and
then
used
it
to
its
advantage
right
and
so
what
we
wound
up
with
was
so
starting.
In
February
of
this
year
we
went
back
to
the
drawing
board
and
basically
re-approached
it
with
a
sense
of
like
modularity,
and
so
the
idea
was
what
we
wanted
to
do.
B
Was
we
wanted
to
make
the
system
with
formal
verification
as
like
a
primary
goal,
basically
right
in
terms
of
creating
a
set
of
rules
and
then
sticking
to
them
right,
but
this
idea
of
like
the
inability
or
like
locking
themselves
out
of
the
system,
that's
actually
like
a
separate
sort
of
concept
right.
Well,
we
were
more
interested
in
is.
These
are
all
of
the
rules.
This
is
exactly
how
they
work
versus
like
know.
The
maker
holders
can't
try
any
funny
business,
because
at
the
end
of
the
day,
they
can
do
whatever
funny
business
they
wants.
C
That's
that's
an
interesting
point.
I
think
that
it's
something
that's
come
up
in
the
governance
meetings
a
few
times
and
in
various
chat
or
communication
channels,
where
some
people
have
this
impulse
to
hope
that
an
algorithm
will
save
us.
If
we
find
the
perfect
algorithm,
nobody
can
break
it
and
then
we'll
just
sit
back
and
watch
diet.
C
Pop
rate
and
my
my
response
to
that
is
that,
if
even
if
that
was
conceivably
possible,
would
take
us
a
thousand
years
to
figure
it
out
and
human
nature
would
outsmart
us
in
the
end
anyways
and
that
that's
kind
of
why
we
have
governance.
It's
because
fools.
We
have
an
algorithm
that
helps
us
as
much
as
possible,
and
then
we
have
humans
working
in
concert,
finding
consensus
and
then
solving
those
problems.
B
Basically,
we
went
back
to
the
drawing
board
with
this
sort
of
design
principle
of
mine,
and
what
we
wound
up
with
was
something
that
was
much
more
amenable
to
formal
verification
and
more
modular
and
sort
of
more
flexible
and
generally
and
so
stopped
from
February
until
about
probably
June.
It
was
about
like
prototyping
and
working
through
this
and
sort
of
like
really
like
I
said
we
really
went
back
to
the
drawing
board
and
then
starting
in
June,
we
sort
of
like
to
hone
in
on
a
reference
implementation
that
we
feel
good
about
then
from
June.
B
Until
recent,
like
just
the
other
day,
we've
been
working
on
all
of
this
verification
and
sort
of
correctness,
checking
and
really
when
it
comes
to
formal
verification.
I'm
not
like
the
world
expert
or
anything
like
that.
But
from
from
what
I've
learned
through
this
process
is
that
a
lot
of
the
work
is
in
specification,
and
so
it's
very
similar
right.
B
It's
about
specifying
the
behaviors
and
specifying
the
rules
and
saying
this
is
exactly
how
it
should
work
in
every
single
sort
of
scenario
and
then,
given
that
does
the
actual
solidity
that
we
made
the
bike
hub.
That
we've
made.
Does
it
match
the
specification
and
that
part
is
actually
fairly
straightforward.
The
actual,
like
verification,
part
fairly,
straightforward,
all
of
the
work
and
all
of
the
trickiness,
and
you
can
see
the
same
thing
when
you
feel
like
other
critical
systems,
design
like,
for
instance,
spaceships
and
stuff,
like
this.
B
All
of
the
work
is
in
the
specification
of
the
behavior,
which
could
not
be
done
until
after
the
implementation
was
done,
because
it
was
it's.
It's
very
much
like
a
conversation
between
the
people
specifying
and
the
people
actually
implementing
right,
and
so
for
the
last
two
or
three
months.
It's
been
that
conversation
back
and
forth
figuring
out.
How
can
we
land
on
a
speck
that
we
feel
good
about
and
then
at
the
end
there
was
just
a
very
quick
flurry
of
a
verification
part
and
now.
C
C
B
More
about
simplicity,
right
because
it's
been
a
lot
of
cutting
away
the
fat
I
mean
we're
trying
to
kind
of
have
that
we
have.
We
like
rock,
that
aesthetic
great,
that
simplicity,
sort
of
Zen
rock
garden,
aesthetic
with
all
of
these
smart
contracts,
and
so
really
it's
been
about
removing
stuff
and
sort
of
there.
Was
this
like
whole
inside
joke
of
removing
things
from
core
right?
And
it's
like?
That's
not
a
coin?
No!
No!
That's
that's
out
of
court!
No!
No!
That's!
B
Second
layer
of
system
a
so
so
many
things
that
we
think
of
as
like,
like
basically
like
canonical
white
paper
features,
are
no
longer
in
the
core
CDP
entity.
The
idea
is
that
we
can
modular
eyes
everything
move
them
out
right,
and
it's
been
all
of
this
like
if
you
look
at
the
Koren
CDP
engine
is
really
really
short
sweet
and,
to
the
point
very,
very
simple,
though:
that's
a
lot
of
work.
It's
actually
not
a
ton
of
complexity.
That's
America
build
up
around
this
very
simple
system.
I!
Think.
C
C
B
B
It
boils
down
to
is
the
the
CDP
engine,
the
actual
core
CDP
engine
does
not
make
any
calls
to
any
other
contracts.
Everything
calls
into
it,
which
is
a
very
useful
pattern
when
you're
trying
to
make
sure
that
there's
no
funny
business
because
in
the
EVM,
if
you,
if
you've
got
some
code
and
then
it
makes
a
call
and
then
it
returns
now
you
don't
know
anything.
Anything
could
be
true,
so
it's
very
difficult
to
make
some
rules
and
stick
to
them
if
the
code
is
calling
out
words.
C
It's
amazing,
so
one
of
the
things
I
can
style
myself
anybody
who's
in
the
checks.
We
have
a
lot
of
people
in
today.
Please
feel
free
to
type
in
a
question
and
interrupt
us
at
any
time
we're
here
to
answer
questions,
but
until
that
happens,
I'm
just
going
to
keep
on
monopolizing
the
conversation.
So
one
of
the
things
that
that's
always
fascinates
me
about
designing
a
complex
series
of
contracts
is
how
to
balance
that
our
code,
you
guys
are
writing
against
the
introduction
of
new
incentives
that
might
not
have
been
intended.
C
C
Maker
Dow
is
kind
of
a
complex
system
in
that
well,
I,
shouldn't,
say
complex,
because
I
get
angry
when
other
people
say
it's
complex,
it's
a
sophisticated
system
and
it's
a
grouping
of
balanced
and
competing
and
complementary
incentives,
and
that
that
sort
of
creates
this.
This
whole
system,
this
sort
of
symbiotic
and
resource
stasis
and
when
you
guys
are
developing
something
like
multi
collateral,
die
you're,
introducing
new
inputs
right
and
how
do
you
measure
the
impact
that
these
decisions
might
have
on
competing
incentives
in
in
other
areas
that
you
might
not
have
intended?
B
Not
really
a
game
for
anything
like
that.
It's
mostly
like
thing
about
game
theory,
which
is
something
that's
really
underappreciated.
It's
very
intuitive
to
people,
because
how
we've
been
sort
of
operating
for
millions
of
years
and
everything.
So
a
lot
of
it
is
like
you
just
kind
of
can
like
look
at
it
and
see
this
a
bad
idea
or
a
good
idea.
B
But
as
far
as
like
to
sort
of
speak
to
your
point,
people
are
always
constantly
suggesting,
like
novel
ways
to
do
Oracle's
and
make
sure
that
they
don't
misbehave
or
novel
ways
to
do
to
like
have
a
said
that
the
end
care
hold
like
steak.
There
m'kay
act
like
specific
CDP
types
that
they're
quite
confident
about
or
like
novel
ways
to
like
you
know,
have
like
decision-making
like
with
you,
turkey,
and
all
these
different
things
right,
like
there's
tons
of
different.
B
What
I
would
call
like
non
core
sort
of
solutions
to
things
right,
they're,
very
important,
but
they're,
very
different
from
what
we've
been
focusing
on
over
the
last
like
lag
of
development,
because
the
last
leg
of
development
it
was
sort
of
like
I,
like
a
white
box.
In
terms
of
assuming
all
of
the
messiness
of
humans,
known
I
mean,
but
that
all
it
it's
all
very
important
and
my
approach,
my
sort
of
opinion
about
how
we
should
approach
that
stuff
as
a
community.
B
Because
really
it's
not
about
me,
you
know
or
like
the
developer
achievements,
but
like
how
the
maker
holders
in
introduce
these
like
new
tools,
and
so
in
my
opinion,
what's
most
important
is
being
able
to
create
like
small
systems
that
are
experiment,
ativ
and
then
seeing
how
it
works
in
us
in
a
small
context.
Well
still
alive
production
context,
but
small
life
Direction
context
and
then
letting
it
grow
slowly
over
time,
because
for
two
reasons
number
one.
B
It
allows
you
to
to
try
something
with
money
on
the
line
while
reducing
risk
and
then
the
other
reason
is
that
sometimes
something
works
quite
well.
When
it's
small,
then
as
it
grows
bigger,
it
doesn't
work
at
scale
right.
And
so,
if
you
just
don't
know
that
until
you
just
launch
at
scale
and
then
it
doesn't
work,
you
might
not
get
a
chance
to
have
any
sort
of
feedback
and
figure
out.
What
was
wrong
because
it
wasn't
ever
working,
but
if
it's
working
when
it's
wrong,
then
it
grows
and
stops
working.
B
No,
it's
like
you.
Do
it's
like
it's
very
nerve-racking.
You
know,
and
so
it's
the
same
thing
for
any
change
to
maker
right.
It's
like
it's,
not
something
that
you
just
want
to
like
do
for
the
hell
of
doing
it
right.
Look.
You
gotta,
be
really
really
careful,
because
we've
got
something
that's
very
important
here.
B
A
lot
of
people
are,
like
you
know,
gonna
be
relying
on
this
thing,
especially
die
users
know
so
in
general,
like
I'm,
really
really
really
coming
to
appreciate,
like
slowness
upgrade
pass
like
putting
a
lot
of
effort
onto
this
sort
of
stuff
and
and
just
making
sure
that
we
can
be
experimented
motive,
stimulator
Stephens,
like
composite
risk
model
or
there's
like
different
risk
teams.
They
all
sort
of
bubble
up
into
one
like
risk
model.
I
think
you
should
be
similar
for
any
sort
of
fancy:
fancy
schmancy
game,
theoretic
systems
that
we
tried
yeah.
B
Fact
the
governance
system
that
we
use
right
now
is
the
only
one
that
has
years
of
proven
track
record,
because
it's
how
bitshares
used
to
work,
which,
as
many
selling
you
may
know,
makers
a
spinoff
from
the
bitshares
community.
So
when
we
looked
at
governance,
what
we
did
is
we
said:
okay,
well,
bitshares
works,
so
we
should
just
do
that,
and
so
that's
kind
of
like
just
goes
to
show
that
like
why
mess
with
something
that
works,
you
know
yeah.
C
Precisely
this
is
something
that
happens
in
the
IT
world
sort
of
it's
endemic.
We
attempt
to
either
reinvent
the
wheel
or
we
intent
try
to
change
the
wheel,
because
it's
novel
and
those
two
dangerous
things
to
do
Jordan
has
a
question
I'm
going
to
read
out.
He
asks.
Does
this
mean
implementing
what
maker
voters
want
will
take
more
time,
because
each
new
implementation
of
the
system
will
need
additional
attention.
B
A
B
General,
the
maker
holders
have
a
ton
more
flexibility
to
want
things
now
right,
because
we
can
even
like,
in
this
room
in
this
implementation
that
we
have,
we
can
even
switch
to
a
completely
different
CDP
edgemon
live
in
flight
and
just
like
have
a
completely
different
like
accounting
system.
If
we
wanted
to
you
know
so,
there's
like
yes,
it's
a
lot
of
work
and
it's
something
that
we
have
to
really
really
carefully,
but
they
can
basically
like
it's
really
like
they
have
all
really
like
mkr.
B
Can
it's
much
more
of
like
a
choose-your-own-adventure
at
this
point?
You
know
in
terms
of
like
what
kind
of
organization
they
want
to
create,
but
yeah
it'll
be
a
lot
of
work,
but
actually
we've
grown.
We've
grown
a
lot
as
developers
over
this
last
development
leg,
and
so
things
like
formal
verification
and
sort
of
the
design
principles
that
we've
adopted.
We
don't
have
to
figure
that
on
a
mark.
So
in
terms
of
designing
stuff,
you
know
in
some
ways
it
will
take
a
long
time
and
in
other
ways,
it'll
be
very
straightforward.
B
Main
thing,
so
it's
all
modules
based
right,
the
CDP
engine,
which
is
the
core
and
then
there's
lots
and
lots
of
modules,
and
so
some
of
them
will
be
very
like
like
straightforward
and
what
you
would
expect
in
canonical
maker
like,
for
instance,
if
you
want
to
modify
your
CDP
there's.
Obviously
a
module
for
that.
The
main
one
that
does
not
yet
exist,
which
is
very
important,
is
the
cage
module
which
is
for
emergency
shutdown,
and
so
this
module
is
I
believe
implemented.
B
C
A
B
B
Built
off
M
code,
but
it's
basically
just
like
a
it's
just
a
contract
that
the
foundation
can
dump
multi
collateral
die
into,
and
then
it
redeems
one
to
one
on
a
website.
It's
okay,
well
old,
single
collateral
that
you
can
just
redeem
and
then
we'll
take
the
single
collateral
die
and
then
just
use
it
to
like
wind
down
the
system
and
migrate
CDP's
over
and
so
it'll
be
like
a
somewhat
slow
process.
B
C
B
But
since
single
collateral
die
is
backed
by
E
and
really
it's
just
like,
because
it's
only
one
collateral
type,
single
collateral,
die
and
eath
are
really
really
closely
related.
You
know
we
can
actually
use
single
collateral
die
as
collateral
in
multi
collateral
die,
since
it's
really
just
like
eath
at
the
end
of
the
day,
and
so,
if
we
need
to,
we
can
sort
of
like
multi
collateral,
that
I
can
sort
of
like
subsume
single
collateral
die
and
like
like
suck
it
up
inside
of
it
by
by
using
it
as
a
collateral
type.
C
B
Yeah
I
can
read
out.
I
could
read
it
out,
oh
so
my
question
was
using
CLI
on
:,
for
you
know
for
the
course
EDP
engine
is
awesome
and
it's
you
know
it
for
me.
It
might
take
a
little
while
to
actually
get
everything
running,
but
I
was
curious
about
the
the
upcoming
redesign
of
the
dye
dashboard
and
if
that's
gonna
come
out
so
that
you
know
more
Novus
users
can
play
around
with
multi
collateral
died
on
Cove
on
yeah
I.
Think
that
the
dye
already.
B
Okay,
so
this
is
a
good
question
and
I
sort
of
owe
you
the
proper
answer,
because
it's
one
of
two
things
and
I'm
not
exactly
sure
which
one
it's
either
a
the
new
dashboard
will
be
released
from
collateralize
production
release.
If
it's
all
bundled
together,
it's
like
an
awesome,
update
or
be
it
will
be
released
beforehand,
since
it's
like
pretty
much
done
right
now
and
there's
no
sense
in
not
getting
in
front
of
people
or
it
might
be
C
or
there's
like
a
beta
or
like
a
small
test
version.
B
That's
released
that
community
members
can
use,
but
it's
not
necessarily
ready
for
primetime.
So
one
of
those
three
things
is
true
and
at
various
points
all
of
those
things
have
been
true
but
I
have
to
check
where
we're
at
right
now,
in
terms
of
like
the
schedule
and
I'll
get
back
to,
we
didn't
have
like
a
badass
new
dashboard
that
is
pretty
much
almost
ready
and
and
they've
been
working
on
it
for
a
while.
B
C
C
B
It
depends
what
you
call
it
security
right
because,
like,
for
instance,
global
settlement
like
the
peddlers
and
like
a
form
of
security,
I,
think
of
most
bank
guards
actually
and
then
there's
also
like
things
like
the
Oracle
security
module,
which
prevents
against
the
Oracles
doing
a
price
feed
attack.
There's
also
a
governance
delay
module
which
prevents
against
the
M
care
holders
from
doing
a
governance
attack,
and
so
really
it
just
gets
down
to
how
you
define
security
right.
You
can
even
say
the
intelligence
of
the
M
care.
B
Folders
is
ultimate
security
layer
and
since
that
they
wouldn't
do
anything
stupid
or
be
tricked
into
buying
magic
beans.
But
as
far
as
the
actual
code
and
like
making
sure
that
the
rules
that
are
adhered
to
in
the
actual
EVM
code,
there's
I
mean
they
call
it
formal
verification
for
a
reason
right.
It's
very
formal,
there's
not
much
more
that
we
need
to
do.
After
that
point,
we
can
sort
of
have
the
specification
peer-reviewed
and
that's
part
of
the
reason
that
we
at
least
it
look.
B
C
B
The
thing
is:
is
that
we're
gonna
have
a
lot
of
similar
collateral
dies,
the
daya
foundation,
because
I
look
the
thing
of
collateral
die
holders
are
gonna,
be
basically
just
giving
it
to
us
to
get
multicolor,
although
the
Wigan.
So
if
anybody
needs
single
collateral
die,
we
want
to
make
it
just
very
straightforward.
It's
not
like
it's
not
like
a
thing
where
you
like
speculate
anymore.
Anything
like
that,
it's
just
kind
of
more
like
a
like
a
well
order
to
exit
from
the
auditorium.
You
know
make
sure.
B
C
C
C
B
I
can
working
yeah
the
question:
can
you
update
us
on
the
status
or
future
of
the
TRF
mm,
so
the
geography
M
was
sort
of
similar
to
what
rich
was
talking
about,
where
we
thought
that
we
had
this
like
algorithm.
That
could
you
know
like
just
work
in
all
cases,
but
is
very
much
a
bad
idea.
The
fact
that
we
abandoned
it
a
testament
to
getting
attached
to
bad
ideas.
So
that's
what
er
FM,
which
was
like
basically
just
like
a
dumb
controller.
B
It's
probably
never
gonna
come
back
because
there's
just
a
bad
idea
now,
as
far
as
like
adjusting
the
target
price
of
dye,
definitely
not
ruling
that
out
and
that's
really
a
like
again
it's
something
that
the
MK
rollers
will
have
to
decide
the
do,
and
they
may
very
well
decide
to
do
that
now.
The
dye
savings
rate
is
that
what's
called
these
days,
the
reward
rate
or
the
same
whatever
you.
C
B
Die
savings
rate
was
created
as
a
way
to
not
have
to
adjust
the
target
price
of
dye,
because
adjusting
the
target
price
of
diet
is
very
confusing.
We've
found
when
talking
to
people
consistent
right
because
it's
like
your
debt
is
changing,
but
your
nominal
debt
units
aren't
changing,
and
so
it's
very
confusing.
B
You
know
in
same
way
that
macroeconomics
is
confusing
to
people
and
so
given
that
the
hope
is
that,
with
the
dye
savings
rate
and
also
the
base
rate
on
the
TP
side,
which
is
basically
like
the
ability
to
control
every
single
CDP's
stability
fee
at
once,
even
though
we
have
these
two
things,
the
hope
is
that
we
won't
need
to
adjust
the
target
price
of
dye.
But
again,
like
I,
said,
if
we,
if
we
have
to,
we
can
and
if
we
have
to
do
it
according
to
some
sort
of
algorithm,
we
can
do
that
too.
B
C
A
C
B
B
So
it's
you
that
assumes
that
you
have
like
money
on
the
side
with
which
you
can
manage
this
position.
Basically,
you
didn't
make
a
position
that
was
too
big.
I
think
your
position
is
too
big.
Then
we
have
to
basically
figure
out
a
way
that
there's
this
thing
called
like
a
snapshot
loan
or
inside
of
one
transaction.
Somebody
can
like
give
you.
The
coins
that
you
like
is
be.
Somebody
can
give
you
all
the
dot
the
single
collateral
die.
They
wipe
your
debt
with.
B
B
This,
but
it's
like
an
on
implemented
system
right
now,
and
it's
basically
just
like
a
service
and
fire
the
reason
that
we're
leaving
single
collateral
die
up
for
a
long
time.
So
if
people
are
kind
of
stuck
in
their
position,
we
can
come
up
with
something
like
this.
But
it's
not
done
yet,
because
it's
there's
really
an
issue
of
prioritization.
More
than
anything
else,
all.
C
Right
so
yeah.
Let's
get
to
clarify,
though,
that
we've
made
a
commitment,
I
think
publicly
more
than
a
few
times
that
the
single
collateral
of
icy
DPS
will
be
active
for
at
least
six
months
after
the
launch
of
multi
collateral.
So
there
isn't
going
to
be
a
hard
requirement
for
people
to
shut
down
and
migrate
immediately
and
so
Andy.
C
A
C
B
B
Can
you
do
it
/
ilk,
which
is
the
speech?
I'm,
sorry
I,
loves
jargon,
but
I
think
out
loud
right
now
and
so,
given
I,
don't
know
if
you
can
do
it
per
CD
p-type,
which
would
be
a
lot
more
sort
of
relevant
for
creating
a
path
type
mechanism,
so
it's
kind
of
like
I'd
have
to
think
about
it,
but
in
general
my
instinct
is
that
I
don't
really
want
to
do
it.
So
this
is
something.
C
The
governance
call
with
the
risk,
team
and
I
think
that
the
general
consensus
is
that
we
really
really
don't
want
to
create
tears
or
tranches
of
maker
holders.
It's
it's.
The
responsibility
of
maker
hole
that
you
sort
of
assume
the
stewardship
of
the
entire
or
ecosystem,
and
if
we
have
tranches
of
maker
holders,
then
we
could
potentially
set
up
antagonistic
relationships
between
one
CD,
p-type
and
another,
which
might
be
a
bit
resentful.
B
C
James
you
want
to
Oh.
Actually
James
has
asked
a
question
there
about
a
side
project
that
might
handle
CDP
migrations.
We've
already
seen
a
few
projects
that
are
getting
very
close.
We
have
the
CVP
automatic
liquidator.
We
have
CDE
insurance
mechanisms
that
people
are
working
on
that
handle
the
ownership
and
recovery
of
at-risk
CDP,
so
I
think
that
there's
a
lot
of
activity
in
the
space
already
towards
managing
CDP.
So
it's
entirely
possible
some
reason
to
get
there
before
we
do,
which
is
interesting.
B
C
I
think
that
I'm
just
constantly
kind
of
surprised,
because
there's
this
opportunity
for
a
fairly
lucrative
after
market
when
it
comes
to
managing
and
ensuring
and
securing
and
offering
up
for
sale,
CDP
I'm
hoping
that
somebody
gets
their
Grayson
Justin
green
asks.
Are
there
plans
to
add
more
coins
to
Oasis
Dex,
as
the
will
off
topic?
You
I,
don't
know
if
we
have
anybody
from
Oasis
decks,
we
can
answer
that
question
for
you
Justin.
Unfortunately,
there's.
C
Glad
we
got
that
on
tape,
that's
the
sigh
you
hear
when
you
ask
an
IT
person
for
at
least
timeline
good,
all
right
see
what
do
we
have?
I
think
that
James
there's
a
second
part
to
that
question
that
I
haven't
figured
out
yet
just
and
James
he
clear
up
what
you
mean
by
us,
not
off
topic.
Oh
sure,
can
you
hear
me
yeah?
It
was
just
that
he
asked
about
coins
being
added
to
a
suspect,
specifically
the
ones
that
we
are
doing
as
secondary
collateral
types
or
is
extra
collateral
types.
C
B
C
All
right,
it
seems
like
the
questions
might
be
winding
down.
If
it
oh
there's
one
more,
you
can
always
count
on
Jordan
handle
all
right,
I
liked
ranches
that
have
some,
but
not
all
responsibility.
Just
so,
we
can
give
maker
holders
more
opportunity
to
give
individual
input
and
access
to
risk
and
reward,
but
yeah
I
do
already
know
that
rich.
So
it's
a
it's
a
really
large
discussion
and
Jordan
I
hope
that
you
come
to
the
meeting
on
Thursday
cuz.
It's
something
we
still
need
to
talk
about.
C
B
B
He's
really
into
this
and
his
idea
I,
don't
think
it's
a
bad
idea.
It
just
makes
me
nervous,
and
so
I'd
want
to
do
it
really
really
slowly
and
small
and
just
kind
of
experiment
with
it,
especially
as
like
a
second
layer
thing.
You
know,
because
you
can
sort
of
think
of
it
as
like,
nah
or
basically
something
I,
don't
know
if
it
specifically
needs
special
privileges
into
maker
to
work
or
if
you
could
just
make
it
as
a
completely
independent
system.
B
C
I
think
that
that's
a
good
point
why
he
raised
that
that,
in
those
discussions
on
reddit,
we
sort
of
I
think
there
was
a
consensus
that
second
layer
might
be
a
really
good
place
to
put
this
stuff.
But
we
should
definitely
bring
this
back
up
in
the
governance
meeting,
because
the
risk
team
needs
to
publicly
address
it.
B
C
There's
there's
a
lot
of
things
that
we
need
to.
We
talk
about
that
are
gonna,
be
in
next
year
or
the
year
after,
like
synthetic
dye
or
or
yet
dyes
and
all
kinds
of
things.
So,
alright,
we
have
we're
coming
up
to
the
end
of
the
hour.
I
think
that
it
might
be
time
to
wind
things
down
a
bit.
I
want
to
thank
everybody
for
the
furious
amount
of
questions
that
was
genius.
Thank
you,
Andy,
for
taking
time
out
of
your
schedule
for
releasing
code
to
start
talking
about
code
for
a
while
appreciate
it
thanks.