►
From YouTube: MakerDAO Community Meeting December 4, 2018
Description
Awesome-MakerDAO: 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
Hey
everybody
welcome
to
the
December
4th
maker
down
community
call.
My
name
is
David
on
the
core
community
here
at
Megiddo
and
I
like
to
lead
these
meetings,
every
Tuesday
definitely
come
join
us
if
you're
watching
the
recording
we
love.
We
love
having
a
big
group
in
here,
so
get
questions,
and
we
can
get
this
course
going
on
later
in
the
call.
A
But
in
this
call
we're
gonna
go
over
some
stuff
that
has
been
happening
in
the
maker
gal
universe
over
the
last
week
and
basically
to
start
off
I
like
to
go
over
what
some
real-life
events
that
we're
attending
are
I
know
that
lenka
our
European
community
manager,
she
is
at
a
conference
called
slush.
It's
a
conference,
that's
very
it's
student-run
and
tuned
towards,
like
tech
startups
and
startups
in
general,
and
our
CEO
rune
is
over
there
they're
having
a
blast
from
what
I
heard.
A
So
he's
speaking
there
and
that's
in
a
couple
days,
but
he's
honestly
there
now
we
have
our
chow
chow
is
all
right,
I
believe
I'd,
say
just
I'll
say
just
Eastern
community
rep
I'm,
not
sure,
if
he's
specifically
in
China,
but
he
is
gonna,
be
doing
a
bunch
of
meetups
over
the
next
couple
of
days.
There's
a
maker
status,
khyber
meeting
meetup
in
Shanghai,
which
actually
happened
two
days
ago.
A
Sorry
then
there's
a
maker
status
hydro
meet
up
yesterday
today
he's
doing
a
minger
status,
neo,
ancients
and
and
then
he's
gonna
be
attending
Singapore
December
7th,
along
with
a
bunch
of
other,
make
people
do
who's
actually
on
the
call
I
guess
do
you
want
to
take
land?
Give
us
a
bit
of
the
events
and
stuff
candy
yeah.
B
Sure
yeah,
so
I've
been
attending
a
lot
of
different
events.
So
in
terms
of
speaking
one
so
I'll
be
speaking
at
something
that
University
this
Friday
I
actually
invited
some
of
my
friends
as
speakers
as
well,
so
we're
gonna
go
to
university,
have
fun
and
they
get
hammered
with
bunch
of
hard
questions.
Look
if
worklet
and
then
next
Monday
I'll
be
speaking
and
exchange
actually
and
then
so.
You
know
and
then
I
have
another
speaking
opportunity.
Next
Wednesday
and
Thursday
oh
I'm,
looking
forward
to.
A
B
A
Then
change
yeah
right
and
then
immediately
after
that,
there's
the
world
watching
that
you're
gonna
be
yeah.
Yes,
yeah
all
right
that
pretty
much
covers
it
for
just
some
of
the
events
that
are
coming
up
in
our
universe:
I'm
gonna,
move
on
to
some
of
the
technical
milestones,
notable
things,
partnerships
and
new
hires
that
we
have
we've
had
over
the
last
week.
A
So
we
had
three
new
hires
we
have
lassie,
who
is
our
new
head
of
integrations,
he's
based
in
Copenhagen,
he's
actually
gonna,
come
on
the
call
next
week
to
introduce
himself
and
open
himself
up
to
questions
and
give
a
little
bit
of
background
about
who
he
is
and
what
he's
about?
We
also
have
a
new
hire
in
New
York,
a
girl
named
Madison.
She
is
our
AI
and
quantitative
analysis.
A
Lead
she's,
gonna,
be
doing
a
lot
of
the
data
heavy
stuff
in
terms
of
figuring
out
well,
helping
to
figure
out
all
the
risk,
stuff
and
governance
stuff.
Also,
this
general
I
think
I
need
to
get
her
on
the
call
as
well
to
explain
her
role
a
little
bit
more
clearly,
but
I'm
really
excited
sound
on
board
Nicolai,
who
was
gonna,
be
our?
Who
is
our
Technical
Account
Manager?
We
also
do
come
on
he's
in
Copenhagen.
I
want
to
get
him
on,
but
I
haven't
been
able
to
get
the
last
couple
of
days.
A
That's
it
for
new
hires.
We
had
a
couple
of
cool
things
happen.
Stephen
Becker
was
recently
interviewed
in
New
York
on
chatter
TV,
on
the
floor
of
it
I
believe
it's
the
New
York
Stock
Exchange
and
there's
a
pretty
cool
video
here,
but
if
you
guys
want
to
check
it
out,
just
a
couple
minute
clip
and
it
was
really
cool
seeing
on
there
Stephen
this
one
right
here,
people
here
at
Baker
and
Exchange
integrated
die-die
became
available
on
compound
finance,
which
is
which
was
a
really
really
cool
thing.
A
A
A
Besides
that
we
saw
some
really
cool
stuff
like
a
working
zero
knowledge
circuit
on
the
theory
of
me
met
with
a
demo
featuring
dye,
cleverly
named
Zeke
a
dye.
This
is
really
I.
Just
called
me
kind
of
off-guard,
because
you
know
the
cking
Starks
and
Primus
attack
is
as
cool
as
it
is,
but
to
have
it
on
the
theory
of
chain
as
a
protocol
and
to
have
it.
A
Another
thing
that
came
out
was
the
CDP
station.
It's
also
another
alternative
UI
for
accessing
and
managing
your
CDs
on
settl
plants,
and
you
guys
don't
know
about
subtle.
They
are
working
on
the
platform
that
offers
all
of
these
web
3.0
financial
services
in
one
place
so
definitely
check
them
out.
A
We
also
have
another
third
party
of
CDP
quarterly
lie
by
insta
death,
which
were
actually
going
to
be
seeing
a
demo
in
just
a
couple
of
minutes.
Bye,
so
main
chain
key
is
awesome,
dude
out
of
India
and
Minister
out
of
India,
and
they
just
recently
yesterday,
put
it
out
and
I
gots
to
go.
Look
at
it.
The
UI
is
super
clean
and
it
looks
super
cool
and
they're
gonna
dental
across
them
a
little
bit.
A
And
lastly,
we
had
one
of
our
very
active
community
members
put
out
a
podcast,
the
POV
crypto
podcast
episode,
14
Bitcoin
versus
maker
Dalen.
If
you
remember
from
last
week's
meeting,
David
Hoffman
put
out
an
article
comparing
contrasting
Bitcoin
with
maker
Dow,
and
he
recently
put
up
his
podcast
actually
he's
in
the
fall.
So
baby
I
won't
speak
to
it.
Yeah.
A
C
D
C
I
mean
that's
kind
of
the
role
of
our
podcast
is
will
be
tried
to
give
educated,
reasonable
responses
to
both
sides,
as
you
guys
might
have.
If
you
listen
to
the
episode,
you
would
notice
that
my
co-host
is
kind
of
a
more
of
a
Bitcoin
guy
and
I'm
more
of
an
aetherium
guy,
but
we
we
would
have.
We
have
both
of
our
feet
in
the
other
person's
camp,
so
we
can
understand
and
reason
about
other
people's
perspectives
and
that
kind
of
keeps
the
controversy
and
down
to
a
minimum,
and
that
was.
D
D
C
A
C
C
Here's
how
you
can
participate
and
like
starting
from
like
the
easiest
way
to
participate,
which
is
simply
transacting
enjoyed
to
the
most
complicated
way
to
participate,
which
is
voting
with
maker
and
then
talking
about
all
the
roles
in
between
those
so
sometimes
just
seeing
where
you
fit
in
the
ecosystem,
because
maker
Dow
is
a
collection
of
services,
not
just
one
service,
and
so
direct
services
will
be
better
for
different
people.
Yeah.
C
D
Well,
because
we're
sort
of
we
keep
on
in
the
entire
space
I
think
we
keep
on
expecting
the
hurt
to
sort
of
arrive,
and
you
know
I
think
in
the
last
couple
weeks,
maybe
last
month
and
a
half
we're
starting
to
see
that,
where
there's
there's
a
lot
of
new
interest
and
we're
constantly
having
this
challenge
of
doing
dealing
with
onboarding
issues
and
education
when
you
use
them
we're
scrambling
behind
the
scenes
to
get
some
really
comprehensive
documentation
out
there.
But
it
sounds
like
an
article
like
that
would
be
perfect.
Yeah.
C
C
D
A
E
Hi
everyone
yeah
yeah
yeah,
so
we
are
from
India
and
from
India,
and
our
team
is
also
for
remotely
all
from
India
and
we
had
participated
in
eat
india
as
well
as
eat,
San
Francisco
and
build
wonderful
wraps
on
make
a
doubt
protocols.
So
today,
today,
I
will
demonstrate
the
recent
recently
we
yesterday
we
launched
to
mean
that
version
of
our
GDP
Porter,
which
was
born
out
of
eating
Jia
hackathon.
There
we
had
on
that
protocol
so
that
I'm
sharing
my
screen.
E
So
it's
a
it's
a
it's
a
CDP
portal
where
user
can
manage
their
CDP
and
we
had
reduced
the
complexity
to
a
great
extent
like
CDP,
don't
know
what
CDP's
even
user,
mom
I,
don't
know
what
CDP's
user
even
don't
need
to
know
what
is
MP
our
token.
All
things
are
X
handout
under
the
hood
on
smart
contract
and
user.
Just
need
to
know
that
they
are
depositing
ëthere
IAM
and
they
are
getting
die.
E
Even
though
even
the
fees
stability
fees,
you
can
see
a
separate
section
of
this
fees
which
dollar
in
dollar
that
how
much
fees
the
CDP
accrued
and
stability
fees
is
also
paid
in
ëthere
IAM
instead
of
empty
our
token.
So
let
me
give
you
a
demonstration
here.
We
are
I'm,
depositing
one
aetherium
and
taking
out
50
100
died
as
a
loan
I'm
going
right
now.
E
E
Yeah
yeah
everything
liquidation,
it's
right,
so
the
benefit
office
that
user
don't
need
to
make
multiple
transaction
as
well
as,
even
even
if
they
are
paying
back
or
withdrawing,
they
can
do
it
in
single
transaction,
for
example,
if
I'm
paying
back
off
24
in.
Even
even
if
my
CBP
goal
goes
into
risk,
even
I'm,
drawing
aquarium,
it
will
not
d
cool.
E
It
relies
because,
as
I
am
also
paying
back
die
as
well
in
the
single
transaction,
so
the
paying
back
transaction
will
happen
first
and
then
pay
back
transaction
will
happen
later,
oh
yeah
and
and
at
the
time
of
paying
keeping
your
CD
piece,
the
fees
is
not
paling
and
K
are
tokens.
The
fees
is
paid
in
ëthere
iam,
which
is
internally
swept
wire,
aunty
our
token
using
carbonate
rock.
So
let
me
go
at
20.
E
A
E
E
A
E
A
E
B
D
D
All
right,
well
I,
have
a
question
and
it's
sorry
I
apologize
ahead
of
time.
This
is
going
to
be
a
tough
question
to
answer,
but
well
I'm
curious
about
what
kind
of
additional
solidity
coating
went
in
to
make
this
happen
or
whether
you're
just
using
our
contracts
and
changing
the
interface
or
is
there
additional
contracts?
Yeah.
D
E
And
the
moment
we
have
a
smart
contract
developer
or
event
which
Ravindra
Kumar,
who
do
who,
whoever
created
of
a
smart
contract-
and
there
are
mainly
three
critic-
critical
functions
on
our
smart
contract
first-
is
drawing
drawing
tie,
unlocking
aetherium
and
transferring
CDP.
So
we
had
thoroughly
tested
many
times
and
cohen,
even
on
main
network.
So
there
is
no
clue
because
in
average
functions
the
message
senders
are
used
to
practice
their
activity,
so
only
the
person
who
owns
the
CDP
can
manipulate
his
own
positions.
So.
D
E
Know,
oh,
our
smart
contract
have
a
internal,
so
let
me
show
you
a
graph
here,
so
this
is.
This
is
our
smart
contract
instead
of
silica
resolver
user
acts
are
interacting
with
this
contract
and
this
contract
is
interacting
with
the
with
the
respective
user
owner
of
the
CDP.
So
our
smart
contract
maintains
a
internal
ledger
of
ownership
on
individual
CDP's.
So
if
this
user
is
the
owner
of
this
CDP,
our
smart
contract
mooks
call
this
CDP
and
it
internally.
It
will
keep
interacting
with
Kaiba
network
to
face
and
clear
fees.
D
E
E
E
E
E
E
A
We'll
stop
really
really
good
job
yeah
one
the
UI
again,
and
it's
really
cool,
definitely
would
love
to
see
you
guys
post
something
about
like
security
review
and
do
something
more
comprehensive,
because
I
think
that
documentation
in
public
with
these
snaps
is
like
really
important.
I
always
see
like
new
projects
posting
on
reddit,
like
my
one
of
my
first
two
thoughts
is,
you
know,
has
the
code
interviewed
was
a
good
reviewed
by
and
there's
a
doctrine
said
anywhere,
so
I
can
read
about
it,
yeah
good
job,
guys
good
job
else.
A
D
Hustle
points
out
well
so
nice
here
that
it's
his
team
they've
been
doing
some
impressive
work
for
a
while
now
its
various
hackathons
and
we've
had
lots
of
chats
and
they
were
going
to
be
I.
Think
the
third
organization
that
maker
Dow
has
chosen
to
issue
a
grant
to
for
another
project
that
they're
working
on.
So
everybody
should
expect
to
see
some
some
very
cool
things
coming
from
from
America
yeah
awesome.
A
E
B
A
Yes,
I
may
thank
you
so
much
for
sharing
I
appreciate
it.
Oh
that's.
A
consumption
feel
like
I'm
in
the
matrix,
alright
yeah.
So
if
anybody
has
any
more
questions,
we
can
conclude
this
meeting,
but
that
pretty
much
wraps
up
this
weekend
maker.
Now
we
had
a
couple
of
partnerships,
a
few
new
hires,
a
bunch
of
events
that
are
going
on
and
eager
to
see
what
next
week
has
it's
there
all
right
take
care.
Everybody.