►
From YouTube: MakerDAO Community Meeting Dec 18, 2018
Description
Awesome-MakerDAO: https://github.com/makerdao/awesome-makerdao/blob/master/README.md
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Website: https://makerdao.com
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Chat: https://chat.makerdao.com/home
Email: info@makerdao.com
A
Community
member
phoedo,
sorry,
my
brain
is
slightly
fried
today.
Yes,
today
is
the
summer
18th
meeting
we're
gonna
be
going
over
some
stuff
going
on
in
the
maker
universe.
Last
week,
every
week
we
go
through
things
like
real
life
events,
tech
milestones,
community
highlights
new
hires
and
we
usually
have
some
time
for
like
three
portions
and
stuff
of
that
nature,
but
I'm
gonna
start
the
meeting
off
with
just
a
few
of
the
really
awesome
highlights
so
die
turned
1
yesterday,
I
believe
in
the
industry
today,
but
die
is
officially
one
year
old.
A
A
This
theory
we
deployed
on
December
17,
so
yesterday,
yeah
yesterday
blasting
so
eco
720
USD,
when
we
launched
and
since
then
it
peaked
at
1420,
and
then
it
dropped
down
to
about
eighty
dollars,
which
is
a
ninety
four
percent
drop
and
died
and
stable
throughout
the
whole
thing.
So
it's
not
awesome
thing
to
celebrate
this
year.
A
That's
you
know,
that's
why
one
would
be
celebrating
members,
so
our
high
all-time
high
of
supply
was
seventy
six
point:
eight
million
died
and
to
date
we've
walked
1.6
million
eat,
which
is
about
one
and
a
half
percent
of
the
total
supply,
and
we
have
a
nice
389
MKR
in
the
burger.
So
but
that's
really
really
cool
decent
stats
for
a
single
year.
I
was
trying
to
get
the
stats
for
all
the
dietitian
to
date
and
all
the
die
wipe
to
date.
A
But
unfortunately
those
stats
are
not
available
to
get
moment,
but
perhaps
I
will
mention
one
another
call,
because
those
stats
are
awesome.
I
think
last
time
I
had
those
like
189
minted,
180
million
died
emitted
and
it's
awful
at
100
million
or
even
white.
So
there's
like
a
lot
of
throughput
in
the
system,
even
though
total
current
supplies
anywhere
between
50
and
70
million.
So
moving
on,
we
have
this
week
a
vote
in
both
maker
now
calm
their
voting.
A
You
I
it's
to
decrease
the
stability
peace,
so
the
risks
team
has
identified
that
diet
has
been
trading
slightly
over
the
peg
pretty
consistently,
and
they
also
have
heard
from
some
of
the
major
market
makers
on
dye
pairs
that
the
inventories
are
very
low
and
I.
So
we
are
proposing
a
decrease
in
stability
and
it's
going
to
be
I,
think
it'll
be
passed,
I
think
there's
about
45,000
maker
in
the
proposal
for
the
decrease
to
their
70,000
maker.
The
proposal
and
the
last
proposal
presents
the
current
state
of
the
system.
A
A
Where
once
the
equal
holes
will
beats
out
the
old
proposal,
it's
gonna
take
24
hours
of
consistent
like
it
has
to
consistently
be
over
partial
24
hours
before
it
actually
gets
passed
and
the
system
stinketh
updated.
But
that's
what's
going
on
now,
just
really
exciting,
and
it's
like
a
third
now,
but
it's
really
the
second
one
that
people
in
community
that
don't
have
CLI
like
skills
that
can
actually
vote
through
our
UI,
which
is
really
cool.
So
if
you
haven't
voted
yet
and
they're
like
paper
holders,
definitely
also
saw
it
well.
A
Actually,
maybe
it
shouldn't
shouldn't
spring
too.
Many
surprises
on
you
guys,
but
there's
some
really
cool
stuff.
That's
gonna
be
going
on
and
in
the
future
of
voting
at
me.
So
besides,
this
Steven
Becker
had
a
risk
and
CEO
put
out
the
part
3
of
his
governance
risk
framework.
It
is
quite
a
heavy
read,
but
if
you
are
into
governance
at
making
out
highly
suggest
that
it's
very
a
very
foundational
block
and
definitely
definitely
worth
the
reader,
we
are
also
having
our
happy
holidays
promotion.
A
A
A
Also,
today,
literally
20
minutes
before
this
meeting
launched,
the
Oasis
guys
launched
a
new
Oasis
direct
update,
so
they
there
are
several
improvements
and
features
on
it.
We
can
I'll
link
you
guys
to
that.
Also
in
the
chat.
I
think
that
it's
now
compatible
with
what
was
a
nano
or
Leger
live
I
only
read
em
not
have
time
to
read
it
yet,
but
Lisa's
guys
were
constantly
putting
stuff
I,
think
they
named
it.
The
Simpson,
okay,
not
sure
why
it,
but
maybe
yeah,
maybe
Nikolai
or
somebody
might
have
some
insight.
A
It's
the
meaning
of
that
I'm
very
curious
about
it
and
then,
lastly,
for
the
stuff
that's
happening
internally
and
all
the
announcements
and
stuff
actually
was
on
bluebird
live
for
a
panel
called
the
stable
coins
of
alters
volatility.
Cure-All,
that's
a
fun
read,
you
guys
will
watch
it,
but
pretty
cool
to
see
us
getting.
Exposure
on
places
like
uber
of
life
always
makes
me
very
excited
through
this
project,
and
it's
awesome
to
see
our
key
members
shining
like
that.
A
Alright,
so
that's
it
for
oh
L,
so
two
new
hires
that
we
did
this
week,
but
actually
have
a
couple
of
guests
on
the
call
core
new
hires
from
previous
weeks.
But
this
week's
new
are
is
theirs.
We
hired
a
guy
named
Christopher
F,
who's,
joining
back-end
services,
teens
sweetie,
and
we
had
and
we
hired
another
Andy
who
is
a
dev
who's
going
to
be
joining?
Also
the
back-end
services
team.
He
will
be
based
out
of
New
York,
so
there
will
be
two
Andy's
in
here.
Our
CTO
Andy
willingness
and.
A
A
So,
oh
and
also
I
guess
some
more
announcements,
maker
dolls,
nice
table
coin
in
MK,
our
live
on
land
chain,
so
land
chain
they
have
like
a
crosswalk
block
chain
with
bridge
solution
and
they're,
really
cool
they're,
trying
to
make
Bitcoin
interoperable
with
etherium
some
of
the
stuff
that
they're
coming
out
with
is
really
cool,
really
curious
about
the
security
side
and
like
some
of
the
vulnerabilities,
because
I
haven't
had
enough
time
so
really
dig
deep
into
in
chain.
That's
pretty
cool!
A
It's
called
crypto
the
future
of
trust,
really
really
solid.
Video
forget
the
guys
name,
I
have
on
Twitter,
but
he
is
man
how
these
cups
to
get
watch.
This
video,
let's
see
what
else
David
Hoffman
getting
another
article
called
nature,
doubt
centralized
Google,
Reserve,
Bank,
solid
short
article,
nice
read
maker
also
came
out
with
another
guest
article
called
stable
coins.
Quantization
types
there's
another
one
in
the
series
about
general,
stable
ones
and
then
trust
nodes
actually
came
out
with
the
rise
in
decentralized
finance,
an
article
dimension
to
us.
That
was
really
really
positive.
A
A
He
actually
posted
some
stats
on
reddit
on
the
usage
of
this
conceiving
portal
and
apparently
twenty-four
CDP's
have
been
open
through
his
UI
174
interactions,
and
it
counts
for
about
nine
thousand
three
hundred
and
ninety-four
guy
worth
of
debt
and
something
shy
of
260
Eclat
looks
really
cool
a
lot
of
a
bit
of
activity
there,
which
is
really
really
nice.
It's
always
great
to
see
their
party
your
eyes
popping
up,
and
it
makes
me
excited
because
we're
all
about
the
centralization.
You
know
less
centralized
points
to
be
a
leader.
A
A
So,
let's
see
that's
pretty
much
Oh,
also
big
USD
globally.
So
that's
that's
kind
of
like
a
side
point
so
for
just
as
a
bit
of
a
history
lesson
maker
Dow
actually
stems
from
the
bitshares
community
room
and
dick
Wyatt.
Many
of
the
founders
were
initially
part
of
the
butcher's
community
and
the
they
moved
on
to
etherium
when
a
theorem
came
out
its
juice
maker.
But
pictures
was
very
much
like
a
similar
idea
and
the
chairs
recently
what
was
held
so
there's
a
lot
of
talk
around
the
town
about
that.
So
definitely
look
into
that.
A
A
curious
look
alone
will
sell
them.
It
looks
like
in
the
chairs
a
little
bit
different
than
how
it
works,
make
it
out,
but
not
completely,
but
yeah
all
right
cool,
so
I'm
gonna
spend
the
next,
maybe
5-10
minutes
introducing
our
yes
actually
before
I.
Do
that
sorry
completely
forgot
I
wanted
to
do
a
quick
recap
of
some
of
the
events
that
have
been
going
on
in
the
maker
Dow
universe.
A
C
C
A
C
A
C
A
C
C
Mariano
Conti
explain
in
a
bit
what
it
says:
Marc
contract
for
the
developers
community,
that
wants
you
to
showing
right
the
real
theory
of
development
movement.
What's
a
really
cool
meetup
and
probably
will
we
start
doing
two
kinds
of
me
up
for
the
next
year?
Some
will
be
like
very
technical
ones,
starting
to
a
little
deeper
and
deeper
into
smart
contract,
development
and
cerium,
and-
and
you
know
how
all
these
things
work
and
and
the
other
hand
we
have
meetups
and
worship
related
to
make
er
Dao
for
city
P
creations.
What
is
that
I?
C
Why
why
that
keeps
its
baby
to
two
to
one
dollar
and
that
kind
of
things?
I
guess
that
we
are
seeing
right
now
like
this
to
the
to
these
two
kinds
of
polish
bright
ones,
very
technical
that
is
allowing
to
smart
country
development
and
they
are
eager
to
know
a
lot
more
about
this.
And
then
we
have
this
user
public.
That
wants
to
know
like
the
monetary
aspect
of
type
right.
A
C
One
of
the
things
that
really
amazed
me
is
that
this
last
meeting
was
a
pretty
technical
one
right
and
it
was
made.
It
was
past
Thursday.
It
was
like
raining
a
lot
here
and
when
Osiris
and
we
had
like
50
to
70
people
in
the
wrong
yeah.
That's
a
lot
of
people
for
I
would
say:
that's
a
lot
of
people
for
a
for
a
Streamy
technical
talk
right.
C
What's
a
discussion
panel
around
it's
my
country,
development,
and
there
were
a
lot
of
well
developers
right
and
also
not
so
technical
people
that
they
like
pretty
cool
questions
right
and
yeah.
We,
we
were
so
surprised
about
that.
So
one
of
the
things
that
we
were
talking
with
with
the
audience
there
is
that
start
to
developing
these
kind
of
two
roads
or
four
meetups
for
users
and
for
sparklin,
could
develop
yeah.
A
C
Wait
yeah
the
primary
way
is
obviously
meetup.com,
but
we
did
a
pretty
good
job
with
the
this
argentinian
cartel,
with
ripio
and
series
make
it
down
and
one
of
the
central
ins.
Well,
there
are
still
a
lot
of
companies
here
and
within
leveraging
our
contacts,
and
we
we
had
a
very,
very
good
people
very.
B
Picked
a
fiower
at
a
nice
singapore
bar
hold,
alchemy
and
then
from
there,
and
actually
it
was
at
the
Dappy
hour
that
the
winning
team
of
East
Singapore
out
of
the
sort
of
six
overall
finalists
conceived
of
their
idea,
that
team's
name
was
Dai
Li
and
so
the
Dai
Li
team
realized
it
would
be
much
more
intuitive.
If,
at
the
daffy
hour,
we
could
if
people
died
and
they
could
use
the
die
to
pay
their
gas
fees
as
opposed
to
meeting
ether
to
pay
their
gas
fees,
especially
for
new
users.
B
So
they
created
a
way
for
people
to
use
ether,
less
gas
payment.
So
essentially
the
team
abstracted
away
the
need
for
a
secondary
ether
balance
within
the
wallets,
giving
people
the
ability
to
just
use
mobile
wallets
and
send
their
die
as
a
way
to
pay
for
gas
as
well
and
then
delegate.
Another
address
that
did
have
ether
in
most
cases
would
probably
be
a
support
putting
on
the
Dappy.
Our
should
then
pay
those
transaction
fees
on
their
behalf.
B
B
I
started
creating
this
cool
ID.
That
would
be
super
useful
for
us
at
one
of
our
little
happy
hour.
Events
just
before
the
real
hackathon
kicked
off,
and
then
they
ended
up
winning
for
us
and
for
the
overall
event,
Vitalik
gave
a
little
bit
of
a
maker
overview
and
a
shout
out
during
his
fireside
chat,
which
was
awesome.
Sean
gave
two
super
informative
talks,
including
an
overview
of
what's
to
come,
was
like
what'll
die
and
how
that
works,
and
in
terms
of
other
prizes
that
we
saw
the
other
ones
were
almost
equally
as
amazing.
B
There
was
a
project
called
Wiesel
that
gave
new,
meaning
to
our
phrase:
I'm
not
stable,
but
my
die
is
and
which
enabled
people
to
convert
their
East
and
to
die
with
their
status
wallet
using
in
extension
and
then
send
that
die
to
a
contact
and
their
status
wallet
that
they
were
chatting
with
so
sort
of
an
AI
Center
raishin
of
awesome
status.
There
was
a
couple
projects
using
zk
snarks,
which
is
cool.
B
One
was
called
plasma
winter,
which
created
a
zika
governed
plasma
with
a
count
model
to
very
low
transaction
fees
and
high
number
of
transactions
per
second,
and
only
one
verification
block
needed
due
to
their
ZK
proofs.
And
then
we
were
also
very
impressive.
Another
team
using
a
ZK
idea
and
they
were
called
ZK
dye,
which
enabled
any
ear
senior.
B
Be
converted
to
a
secret
value
note
and
then,
when
users
would
come
to
their
ZK
died,
app
they'd
have
the
option
to
swap
those
tokens
using
khyber
and
to
die
and
send
it
into
a
smart
contract
which
converted
in
it
to
the
secret,
making
two
things
confidential
and
the
notes
value
secret
and
anonymous,
and
then
they
could
just
be
transferred
back
and
withdrawn
and
to
die,
which
is
cool.
But
overall
it
was
awesome.
We
had
a
lot
of
awesome
projects
and
good
talks
and
it
was
great
meeting
our
champions
Jocelyn
and
Shou
over
there.
A
A
I'm,
so
ecstatic
about
that
when
I
heard
about
the
seek
aid
idea,
that's
like
applicable
to
like
any
other,
your
seats,
120
total
guys,
I
thought
it
was
like
too
good
to
be
true,
but
what's
it
there's
no
way
that
this
is
this
tram,
but
I
can't
wait
till
they
do
some
further
like
development
on
it
and
like
make
it
more
Bolin
through
the
making
war
or
security
like
there's
more
security,
so
I
am
skeptical
about
using
like
brand
new.
This
is
a
code
and
experiment
like
yeah.
A
A
B
A
Always
looking
for
both,
for
you
know,
guests
on
this
call
and
also
for
Kenny
Rogers
wrote,
ZK
setups
are
pretty
tricky.
Yeah
they're,
particularly
tricky
yeah
I,
can't
imagine
being
like
an
on
developing
myself.
I,
don't
even
know
the
complexity
that
goes
into
him,
but
I
can
imagine,
probably
as
well
but
yeah
we're
always
looking
for
guest
him
on
the
show.
Recently
we
had
like
the
guys
from
he'll
live
and
we
had
some.
Why
kind
of
intro
scene
like
yeah
anytime,
you
have
anybody,
definitely
send
them
my
way,
yeah.
A
E
E
But
basically
my
role
is
to
help
the
business
partners
of
maker
to
integrate
and
use
the
maker
systems
by
providing
technical
support
and
answering
questions
and
into
general
being
this
technical
contact
person
within
the
organization's,
who
sort
of
picks
up
the
the
males
and
threats
that
come
inbound
so
maker
provides
these
amazing
tools
and
my
job
is
to
ensure
our
partners
know
how
to
use
them
and
know
how
to
integrate
with
them.
So.
E
So
I
have
a
background
in
computer
science.
I
have
a
Bachelor
and
software
development
and
then
I
did
a
master
in
a
business.
So
I
have
sort
of
this
with
a
bit
of
computer
science
and
Business,
Administration
and
I.
Think
that's
a
pretty
good
profile
to
have
in
this
kind
of
job,
because
I
also
sort
of
have
to
understand
sort
of
the
business
logic
and
the
business
model
server
partners
and
and
how
they
can
leverage
the
maker
systems
in
their
business.
E
And
then
we
come
to
sort
of
the
more
technical
part
of
the
job
isn't
to
ensure
like
how
can
we
integrate
it
more
on
the
technical
side
as
well
so
I
used
to
work
in
a
financial
company
here
in
Denmark,
where
I've
been
working
on
a
lot
of
luck,
change
stuff
as
well,
but
more
traditional
companies.
They
don't
they
don't
move
as
fast
as
as
as
I
would
like
them
to
so.
I
I
got
in
contact
with
maker
and
I
was
really
stoked
to
be
offered
an
opportunity
to
join.
So
here.
A
E
And
and
that's
all
sort
of
like
the
funnel
that
the
that
these
partners
come
in,
so
we
have
an
amazing
business
development
team
whereas,
like
we
have
a
lot
of
partners
and
we
kind
of
distinct
between
soft
and
hard
integrations.
So
if
it's
a
soft
integration,
often
they
do
not
require
a
lot
of
support.
So
these
often
like
cryptocurrencies
exchanges
who,
for
example,
already
are
listing
your
C,
220
tokens
and
stuff
like
that.
So
so
they
are
familiar
with
the
theorem
and
the
crypts
of
space.
A
D
A
Something
like
what
I
was
thinking
so
last
year,
the
so
you
guys
basically
came
on
at
almost
the
same
time
so
last
year.
What's
what's
your
role
in
integrations
team
you're,
a
lot
more
on
the
actual
integrations
like
on
the
tech
side,
whereas,
like
nick
wise,
is
slightly
more
on
like
the
business
bobbin
side
or
like?
How
would
you
guys
describe
all
your
roles.
D
So
my
my
primary
goal
is
to
coordinate
between
our
integration
team
where
and
nibble
is
with
one
of
our
members,
and
we
have
four
more
and
then
coordinate
between
business,
development
and
external
partners
that
sign
up
and
our
product
team
so
and
to
make
sure
that
partners
that
integrate
they
always
have
what
they
need.
So
it's
really
me
that
make
sure
that
this
effort
is
coordinated
and
that
all
teams
know
what
is
going
on
Thanks.
A
D
I've
been
in
the
cryptocurrency
space
a
few
years,
a
friend
told
me
about
Bitcoin
in
2011
and
I
discovered.
It
was
just
a
big
hassle
to
find,
sell,
bitcoins.
So
I
in
2012
I
started
Bitcoin
Nordic,
which
was
one
of
the
first
European
Bitcoin
brokers.
Then
I
thought,
let's,
let's
try
to
use
this.
This
crazy
digital
currency
thing
for
remittances,
so
I
moved
to
the
Philippines
for
one
year
and
in
2013
and
started
the
first
Bitcoin
exchange
there
and
then
some
other
people
acquired
it
and
makes
to
run
it.
D
D
So
last
year,
I
decided
to
take
a
step
back
and
take
a
break
from
being
an
entrepreneur.
24/7,
so
I
took
a
break
for
about
a
year
and
then
I
think.
In
the
beginning
of
this
year,
I
became
really
interested
in
in
stable,
corns
and
I
started,
researching
the
different
projects
and
I
ended
up
concluding.
D
A
Were
really
really
excited
to
have
you
know
he
sounds
like
quite
the
guy.
That's
awesome,
you're,
the
co-founder
coined
by
that's
pretty
sick.
That's
pretty
sick!
I'm,
really
glad
to
have
you
about
to
give
you
a
bit
break,
not
really
yeah.
We
actually,
via
my
buddy
Andrew,
is
in
the
cold
even
were
ruminating
about
how
the
space?
What
would
the
space
look
like
and
during
this
market
downturn,
if
maker
was
not
around
right?
F
A
Maker,
certainly
propping
up
the
whole
block
chain
space
fab.
It's
also
my
favorite
project
by
a
longshot
and
thank
you
guys
for
granting
the
call
I
love
having
a
new
hires,
come
on
and
introduce
themselves
to
the
community
and
get
a
chance.
If
anybody
has
any
questions
for
YC
and
Nicolai
feel
free
to
or
vitae
to,
the
chat,
I'm
sure
they'd
be
glad
to
talk
to
you
guys,
and
while
you
guys
do
that,
if
anybody
does
have
any
questions,
I
want
to
ask
Mariano
Mariano.
Do
we
have
a
burning
question
this
week,
I.
A
All
right,
I
think
I
might
have
a
burning
question.
So
I
noticed
the
few
threads
on
reddit
talking
about
the
voting
process
for
me
and
I
wanted
to
mean
maybe
get
a
sort
of
very
small
sample
like
if
you
guys
have
any
comments
or
any
feedback
on
the
opponent
process
like
we
found
difficult
about
it,
definitely
voice
it
now.
I'd
love
to
hear
feedback
on
it,
but
a
lot
of
people
are
having
trouble
with
the
whole
process
of
linking
cold
weld
hot
weld
proxy
and
like
they
were
finding
the
whole
process
very
cumbersome.
A
Oh,
a
small
update
to
Lanka
Oh
Alex
I'll,
give
you
the
Internet
in
a
second
foot.
So
the
happy
holidays
thing
that
I
mentioned
earlier
reaction.
We
have
winners
for
all
five
care
packages
that
we
were
putting
forth
so
I
believe
that
happy
holidays
are
over,
but
not
for
those
five
people
and
those
finally
be
happy
very
happy
with
their
care
packages
excited
the
seams
in
them
try
to
go
next
year,
but
Alex
us
so
the
end
time
for
the
book.
A
There
isn't
really
an
end
time
for
the
boat
because
of
how
voting
works
for
executive
proposals
so
for
an
executive
vote
I
mentioned
earlier,
but
it
functions
through
this
thing
called
continuous
approval
voting,
and
so
what
it
means
is
whatever
proposal
is
in
the
voting
construct
that
has
the
most
amount
of
maker
basically
represents
the
current
the
current
status
of
the
system,
so
the
current
state
of
the
system
and
so
for
a
new
proposal
to
basically
replace
the
old
system.
It
has
to
have
more
maker
in
it
than
that
holder
proposal.
A
So
once
that
happens,
I
think
there's
a
24-hour
sort
of
security
delayed
where
it
you
have
to
have
more
maker
in
it
than
the
previous
24
hours
consistently,
and
then
the
hosel
passes
through
and
updates
in
the
system.
But
if,
if
that
never
occurs
so
there's
never
a
point
at
which
there's
more
maker
in
the
new
proposal
of
old
one,
then
nothing
happens.
The
Mosel
stays
active
in
the
voting
construct
sort
of
forever
and
then
like
it
can
be
superseded
by
other
proposals.
A
So
let's
say
behalf
of
percent
decrease,
never
passes,
I
believe
like
maybe
in
a
week
or
two.
There
might
be
a
proposal
for
one
percent
instead
of
half
a
percent
right
and
maybe
that
causal
might
be
more
attractive
than
people
who
basically
vote
for
it
and
outweigh
the
two
and
a
half
percent
decrease
proposal.
Left
is
currently
the
winner
of
the
system,
so
I
hope
that
answers
the
question
but
yeah.
D
D
Yeah
I
definitely
think
since
trade
shift
is
transacting,
I
think
half
a
trillion
a
year
in
the
in
in
payment
volume,
I
think
the
current
dye
market
cap
would
not
be
sufficient
for
that.
So
I
think
the
full
potential
will
will
not
be
realized
until
until
multilateral
Dyess
is
launched,
and
then
can
you
repeat
your
second
question.
F
So
my
second
question
is
basically
I'm
aware
that
they'll
be
using
dye,
is
a
settlement
later
tsubame
layer,
so
they'll
be
holding
some
dye,
but
I'm
also
aware
that
they'll
be
having
CDP's
for
margin
trading,
so
people
will
be
able
to
invest
in
companies
based
on
their
receivables
and
then
and
then
leverage
that,
through
an
ABS,
buy
to
invest
more
companies
make
on
their
peepees.
So
I'm
wondering
like
what
you
see
the
ratio
between
the
C
bps
and
the
dive.
D
E
The
trade
and
I
don't
think
that
we
are
at
a
space
where
we,
where
we
know
that
yet
so
I
think
that's
you
know.
That's
that's
some
of
the
stuff
that
we're
also
trying
to
figure
out
so
I
mean
yeah,
as
you
said.
Also
to
the
first
question
like
there's:
definitely
not
enough
dye
in
circulation
and
that's
also
why
we
also
really
looking
forward
to
multilateral
to
try
to
be
launched
and
for
trade
shift
to
provide
invoices
as
collateral
and
but
but
but
the
specifics,
I,
don't
think
it
has
been,
has
been
worked
out.
Yet.
A
Yeah
I
think
trade
ships.
Not
only
are
they
going
to
be
providing
like
a
new,
a
really
new
collateral
type,
but
which
will
increase
like
that
I
supply,
but
I
think
that
the
primary
way
they're
gonna
be
using
CDs
is
actually
offer
financing
for
their
clients
who
have
their
own
accounts
payable,
accounts
receivable,
whatever
I
think
that
basically
they're
gonna
offer
basically
ways
to
finance
debt
for
their
clients.
They
go
to
be
using
CDs
leverage,
I
think.
F
That's
actually
not
the
case,
because,
because
their
needs,
because
you
can
only
take
out
a
CVP
for
a
small
fraction
of
an
assets
value.
So
if
a
company
has
receivables,
they
can
only
finance
for
a
very
small
percentage
of
that
receivable.
But
but
it's
different
for
the
case
of
ABS
is
because
there
will
be
a
log.
F
There
will
be
more
liquid
because
there
will
be
higher
market
caps
and
I
know
be
more
advantageous
for
a
small
percentage
of
investors
to
package
those
into
a
CDP
because
because
they
they
might
be
able
to
package
their
entire
position
into
one.
Whereas
for
a
company
who
wants
to
finance
based
on
their
receivables,
they
they
can
only
get
like
5%
of
this
of
the
of
their
value.
So
it's
less
worth
it
for
them.
A
Right,
yeah,
yeah,
possibly
I'm
kind
of
out
of
my
depth
here:
I'm
gonna,
leave
it
to
a
future
future
updates
and
when
the
have
more
information
on
how
that's
all
gonna
work,
I'm
definitely
excited
to
see
exactly
the
business
model
and
like
how
trade
ship
is
going
to
be
using
utilizing,
CDP's
and
all
that
kind
of
stuff.
But
yeah.
That's
fascinating.
Yeah.
F
A
A
Also
take
this
opportunity
to
mention
that
we
have
a
another
community
meeting
that
we
do
on
Thursdays
called
the
governance
and
risk
meeting,
and
it's
headed
by
our
head
of
risk
and
CEO
Stephen
Becker,
who
is
a
quite
an
awesome
guy,
really
wonderfully
educated
interventionist
management.
So
if
you
guys
are
curious
about
governance
and
risk,
definitely
join
us.
Thursday's
calls
at
the
same
time
called
amuse
t,
see:
I'm,
biased,
I'm
in
New
York,
so
I
go
ESD,
but
I
have
to
remind
myself
that
those
are
yeah,
9:00
a.m.
PST
and
then
5
p.m.
UTC.