►
From YouTube: Meet Your Delegate | Ep.20 ft. RISKDAO(aka @nonstopTheo)
B
Thank
you
so
much
Peyton
nice
to
meet
all
of
you.
You
can
call
me
CEO
I
go
by
the
handle
non-stop
CEO
really
excited
today.
To
present
the
risk
now
delegate
platform
to
the
maker
community-
and
you
know
just
gonna-
take
the
next
few
minutes
to
run
you
quickly
through
risk.
Now
and
then
you
know
open
for
some
questions,
so
the
risk
now
was
initiated
earlier
this
year
as
a
service
Style
by
B
protocol
and
the
research
arm
of
1kx.
B
B
You
know
so
basically
Dao
members,
some
of
which
have
already
expressed
an
interest
to
join
as
contributors
and
just
to
you
know,
give
you
a
little
bit
more
of
an
overview.
What
we've
done
so
far
in
our
relatively
recent
history,
we've
outlined
a
bunch
of
previous
Works
directly
on
the
delegate
platform,
but
some
of
them
I
just
want
to
touch
on
you
know
as
they're
worth
highlighting.
B
And
you
know
you
can
toggle,
you
can
see
the
bad
debt
ratio
and
then
you
would
see
Moonville
and
birth,
finance
and
iron
bank,
for
instance,
as
the
ones
having
double
digit
that
debt,
and
you
know
we
we
went
on
to
investigate.
Why
is
it
so
high,
for
instance,
in
the
case
of
iron
bank,
it's
relating
to
a
dow
to
Dow
loan
that
was
given
to
Alpha
tomorrow
and
then,
ultimately,
not
liquidated,
so
there's
a
lot
of
qualitative
conclusions
you
can
make
by
looking
into
the
data
right.
B
B
B
Even
though
that's
that's
on
hold,
that's
not
being
further
followed,
the
lateral
Beauty
teamwork
to
say
and
I
we
protocol
did
a
security
audit,
so
you
can
see,
we've
done
a
fair
amount
of
really
detailed
work
around
Mega
Dao,
and
you
know
other
kind
of
elements
that
that
reference
to
Mecca,
though
in
terms
of
the
general
contributions
we've
done
to
to
other
different
projects.
So
we've
done
some
work
for
Vesta
Finance,
which
is
a
fairly
detailed
write-up
on
you
know,
risk
analysis
and
the
liquidation
mechanisms.
B
B
Yeah
and
so
we've
done
some
some
further
work.
Some
of
it
sometimes
is
very,
very
deeply
quantitative
and
involves
with
liquidation
simulation.
Others
is
more
qualitative
and
we've
participated
in
back
bounties,
where
we
proactively
alerted
mean
well
about
a
potential
cross
chain
bug
and
then
also
the
the
Bounty
for
the
chicken
bones
by
liquidy,
which
have
been
announced
recently
and
are
going
operational
now.
B
So
it's
a
relatively
broad-based
set
of
previous
Works
we've
performed
so
specifically
about
me.
I'm,
a
freelance
contributor
to
give
our
protocols
and
yeah
just
recently
started
to
talk
more
with
some
of
the
riskell
members
and
then
basically,
the
connection
came
together
that
we
decided
that
we
want
to
collaborate
specifically
on
governance
efforts,
I'm
spending,
most
of
my
time,
normally
around
research
and
Analysis,
so
that
can
be
quantitative
stuff
like
on
Dune
or
flip
side,
or
it
can
be
purely
qualitative.
C
B
I
also
have
experience
with
financing
real
world
assets,
that's
primarily
because
in
my
banking
days
I
covered
real
estate
and
heart
assets.
You
know
from
a
banking
Point
of
View
and
as
well
as
specific
governance,
related
topics
where,
in
a
previous
Life
as
a
corporate
finance
Banker,
you
know
governance
for
many
of
these.
Traditional
companies
has
a
role.
Sometimes
it's
it's
you
know
prioritized.
Sometimes
it
doesn't
have
a
big,
a
big
priority,
but
It
ultimately
always
comes
up
in
valuations,
and
you
know
ability
of
companies
to
perform
so
yeah.
B
B
B
B
So
the
first
step
in
you
know
risk
Style's.
Life
was
to
do
all
this
work,
and
you
know
amazing.
Research
build
up
a
team
of
core
contributors,
and
now
the
next
logical
step
in
our
evolution
is
to
be
a
much
more
visible
participant
in
protocol
governance
and
yeah.
Basically,
you
know
make
our
voice
heard.
A
Awesome
man
we'll
really
appreciate
you
taking
the
time
to
walk
us
through
that
video,
and
it's
really
great
that
we
have
so
many
members
of
the
team
here
on
the
call
with
us,
so
that
will
kind
of
transition
us
into
the
open
question
portion.
I
have
plenty
of
questions.
I
can
ask,
but
it's
really
boring.
If
it's
only
what
I
want
to
talk
about
so
I
do
encourage
you
to
either
use
the
raised
hand
feature
to.
A
Let
us
know
if
here's
something
you
want
to
say
or
just
hop
on
the
mic,
if
it's
a
conversationally
appropriate
so
in
terms
of
kicking
us
off
I
was
wondering
if
you
saw
any
kind
of
immediate
opportunities
from
a
risk
perspective
with
maker
down
like.
Are
there
any
areas
you'd
like
to
see
US
expand
on
and
whether
it
be
like
monitoring
or
evaluating
in
terms
of
new
collateral
types
yeah
as
broad
as
you
want
to
make
it?
B
Yeah,
so
you
know,
as
you
said,
we've
been
to
other
people
on
the
line
as
well
eight
and
a
year,
and
if
you
want
to
chip
in
feel
free
I
mean
obviously
we
want
to
see
make
a
grow.
We
want
to
see
guys.
Market
share,
grow
and
I
just
went
through
a
bunch
of
dashboards
before
the
call-
and
you
know
didn't,
look
too
promising.
B
To
be
honest,
we
kind
of
look
at
the
trend
and
it's
not
you
know
something
to
celebrate
too
much
about
and
now
with
regards
to,
what
collateral
can
you
use,
I?
Think
the
Market's
just
getting
tougher
in
terms
of
you,
don't
want
to
expand
the
collateral
into
like
long
tail
stuff
in
the
market.
That's
clearly
favoring,
you
know
short
tail
tokens,
so
in
that
sense
we
probably
would
have
to
look
at
you
know.
B
D
Already
has
you
know,
like
a
risk
team
and
like
very
strong
risk
team,
I
would
say
in
general
right
now,
A,
you
know
kind
of
make
it
out
is
kind
of
the
I,
don't
know
if
it's
called
the
left
wing
or
you
know
kind
of
the,
maybe
the
hawk
of
being
conservative
in
Risk,
taking
which
I
think
you
know
it's
like
perfectly
okay,
but
you
know
like
coming
from
you
know
time
not
to
replace
the
risk
team,
but
rather
to
take
risk
into
considerations.
In
you
know,
governance.
This
is
the
the
seasons
Etc.
D
Then
it's
definitely
something
that
you
know
we
can
help.
You
know
kind
of
make
more
awareness
for
the
fact
that
okay
make
it
out
is
very
conservative.
You
know
whether
the
community-
really
you
know,
is
okay
with
that,
not
okay
with
that
Etc.
You
know
it's
definitely
something
where
you
know
like
we
can
ship
in
and
shed
some
light.
There.
A
Hang
on
thanks
for
the
response
there
and
we're
starting
to
get
some
questions
wrong
and
here
on
chat,
so
I
think
I'll
just
start
reading
them
off.
Patrick
is
asking
about
the
actual
decision,
making
steps
you'll
you'll
kind
of
do.
You
know
you
mentioned
you.
You
are
a
team,
so
there
are
a
lot
of
Dao
proposals
right
some
some
weeks
more
than
others,
so
curious
kind
of
will.
Will
each
decision
be
a
kind
of
a
committee,
a
trial
by
committee?
D
A
D
If
the
question
is
about
the
decision
mechanism
so
like
right
now,
you
know
on
the
technical
level
the
delegation
contract
is
owned
by
a
multisig,
not
by
any
individual,
that
the
marketing
is
right.
Now
too,
out
of
three
matissec.
You
know
like
two
of
the
researchers
and
one
kind
of
Community
member
have
kids
too
yeah.
So
that's
about
the
risk
decision
process.
You
know
broadly
we'll.
Try
to
you
know,
of
course,
base
everything
based.
C
I
I
might
just
chip
in
and
just
add
that
for
the
residual
you
know
being
focused
on
open
source
tools
and
as
yellow
mentioned,
you
know
we
hope
to
give
like
to
get
the
opportunity
to
give
some
insights
that
can
be
verified.
You
know,
and
everything
is
you
know,
can
be
checked
back
and
and
and
rerun
and
see
that
you
know
whatever
we
are,
you
know
suggesting
is,
you
know,
is
out
there
approved
by
data,
so
yeah.
A
Now,
that's
great
so
I'm
gonna
kick
it
over
to
to
Tim
here
who
is
asking
about
the
growing
pains
for
now
and
the
context
there
being
that
you're
kind
of
joining
us
at
a
really
exciting
time,
with
in-game
proposal,
we're
talking
about
potentially
fragmenting
into
metadats
and
and
spinning
up
on
our
own
organizations
at
a
smaller
level
and
kind
of
starting
from
scratch.
So
to
speak,
there
so
kind
of
curious.
B
Real
real,
quick,
so
one
of
the
things,
so
you
know
like
growing
pains
as
in
like
pains,
you
know,
and
the
process
you
have
to
go
through.
So
obviously
the
thing
about
the
metadals
is:
how
do
you
attract
a
community
of
contributors
who
are
aligned
in
their
vision
and
in
their
work
at
work
ethic
right
and
how
can
they
basically
work
together,
even
though
they're
spread
out
all
spread
all
over
the
world?
B
B
I'm
checking
to
this
chord
every
day,
I
want
to
be
on
community
codes
and
people
like
me,
you
know
who
are
going
to
conferences
and
then
I'm
tapping
on
your
own
shoulder
and
I'm
like
hey,
like
how's.
This
going,
and
you
know,
is
there
something
to
do
I.
Think
it's
more
or
less
this
kind
of
process.
That
I
was
specifically
thinking
of.
D
E
D
Was
already
very
big
organization,
and
now
we
need,
you
know
like
to
make
everything
into
Ada.
While
we
just
you
know,
Bunch,
starting
with
bunch
of
people
collaborating
and
then
we
just
add
more
people,
and
then
you
know
like
we
have
the
privilege
of
also
going
relatively
slowly.
You
know
adding
you
know
like
adding
only
very
few
people
at
the
time,
and
so
yes,
we
are
definitely
more.
You
know
kind
of
bottom
up,
and
this
is
the
privilege
you
have.
You
know
like
in
your
small
organization.
A
And
I
think
that's
definitely
one
of
the
excitements
kind
of
around
in
game
is
the
chance
to
to
kind
of
rebuild
a
bit
more
intentionally
with
the
knowledge
of
what
we've
learned,
so
that
boat
should
be
starting
on
Monday,
which
will
be
also
your
first
official
day
as
recognized
delegates.
So
I
said
a
pretty
interesting
time
to
join.
A
E
A
E
I
think
that
the
maker
of
Market
Committee
recently
adjust
the
grades
for
East
and
PTC
boards,
especially
so
that
the
stability
piece
are
now
very
low
and
do
you
think
that's
sufficient
to
attract
Capital
like
have
you
done
any
kind
of
nstcd
analysis
between
protocols
or
do
you
think
other
parameters
are
more
important
like
passive
risk
or
user
experience
or
yeah?
Maybe
an
insights
you
can.
You
can
give
give
us
here.
That
would
be
super
appreciated.
Yeah.
D
Makerda
was
kind
of
sensitive
to
stability
fees
or
you
know,
which
is
basically
interest
rate,
but
that
was
a
lot
like
traditionally,
because
you
know
like
Michael,
though,
was
really
dominated
by
like
four
or
five
very
big
players
which
were
all
in
the
flavor
of
nexo,
or
you
know
even
Celsius,
right
and
alike,
which
will
just
you
know
the
kind
of
hedging
you
know
covering
yourself.
They
are
offering
a
kind
of
a
Fiat
Boeing
versus
collateral,
so
they
were
just
hedging
themselves.
D
The
majority
of
the
liquidity
shrink
is
because
stuff
like
that
is
success.
I
think
right
now,
you
know
like
the
market
will
be
less
sensitive,
but
you
know
like
on
the
other
end.
You
know
like
make
it
down
right
now.
Very
much
depends
a
lot
on
usdc.
You
know
the
kind
of
usdc
so-called
derivatives,
such
as
you
know,
all
the.
D
Which
is
another
all
of
them
are
kind
of
wrapped
you
in
usdc
in
Disguise.
So
it's
yes,
it
depends
really
a
lot
on
usdc.
So
you
know
it's.
It
is
something
that
you
know
like.
Definitely
even
on
the
expense
of
some
revenues
you
know
should
consider
you
know
burdening
and
extending
the
non-usdc
in
something
you
hold
inside
work.
D
And
then
you
know
like
eventually
and
then
it's
something
also
like
you
know,
an
activity
we're
doing
the
risk
now
about
a
kind
of
optimizing
interest
rate
Etc.
We
do
believe
that
at
this
stage
in
D5,
it's
still
mostly
about
trial
and
error,
and
you
know
it's
like
really
hard
to
come
up
with
a
light
formula,
but
yeah
only
has
the
privilege
where
they
can
do.
You
know
like
kind
of
do
experiments
their
entire
intervals
with
you
know
like
very
measurable
effects,
as
opposed
to
other
platforms,
which
might
be
you
know,
less
less
alive.
C
E
D
D
Okay,
not
not
tones
end
game,
but
you
know,
like
one
end
game
for
all.
You
know
Define
Landing
markets
is
you
know
right
now,
if
I
really
offers
kind
of
inferior,
you
know
kind
of
user
experience
in
the
sense
that
you
know.
If
you
want
to
have
leverage
you
know
so,
like
the
X2
or
x-ray
level,
you
can
have
it
make
a.
D
Is
it's
not
that
I,
you
know.
Even
if
you
don't
actually
leverage,
you
will
get
liquidate
relatively
quickly.
So
back
then
we
suggested
some
kind
of
B
protocol
integration
which
will
support
higher
collateral
ratios,
but
even
without
the
protocol,
you
know
like
eventually
right
now,
the
osm
mechanisms
other
other
stuff.
D
There
really
dictates
very
conservative
liquidation
ratios,
which
eventually
eventually
give
you
know
like
very
inferior
user
experience,
very
low
leverage-
and
you
know
so
I
think
you
know
like
again,
not
not
the
end
game,
but
one
end
game
is
to
really
try
to
fall
off.
D5
not
only
make
it
now
is
to
really
try
to
compete.
You
know
somehow,
with
C5
there
and
give
you
know.
D
Leverage
product
and
then
you
know,
if
you
look
at
the
buy
bit
all
the
others,
you
know
like
they
make
tens
of
millions.
You
know
people
pay
a
lot
of
funding
weights
there,
even
sometimes
hundred
percent.
You
know
usually
because
they
get
re-level
chart.
You
know
marketing.
If
I
like
now,
you
get
very
conservative
language.
E
A
Yeah
definitely
I
appreciate
it
and
feel
free
to
drop
more
questions
as
they
come
in
the
chat.
We've
got
a
few
more
minutes
here,
so
we
can
definitely
work
at
least
one
or
two
more
I'm
curious
to
perhaps
a
slight
departure
from
from
the
platform.
But
you
do
have
this
unique
perspective
as
SP
protocol
of
someone
who
has
kind
of
ran
on
top
of
maker
holds
and
I'm
curious.
A
D
E
D
Definitely
integrating
you
know
with
the
smart
contract,
it's
kind
of
challenging
and,
to
be
honest,
you
know
we
chose
to
we
actually.
First,
you
know
like
maker.
That
was
the
first
integration
we
had,
but
only
because
we
had
some
kind
of
prior
knowledge.
We
Smackdown
actually
some
liquidation,
but
yeah
like
I.
Otherwise
you
know
you
would
never
get
get
close
to
it.
You
know
like
in
some
senses
so
yeah,
like
I
I,
think
they're
called
it's
kind
of
it's
very
steep
learning
curve,
it's
very
hard
to
enter
But.
D
A
And
that's
a
helpful
perspective
team
in
the
chat.
Some
support
for
revisiting
these
deep
wraps
I
I
am
curious.
We
do
have
this
program,
for
that.
Recognized
delegates
are
are
are
eligible
for
basically
for
proposal,
bounties,
whether
it's
through
our
signal
requests
or
writing
their
own
MIP.
We
do
pay
out
extra
if,
if
maker
governance
approves
something
that's
proposed
by
someone
outside
of
the
core
units,
so
I'm
curious,
do
you
guys
see
yourselves
putting
forth
many
many
efforts
like?
D
A
B
A
Right
on
so,
if
you're
watching
this
recording,
you
should
see
the
wrist
style
delegate
profile
already
up
there
on
the
voting
portal.
If
you're
live
on
the
call
with
me
give
it
a
few
minutes,
so
we
will
be
merging
the
pr
here
shortly
and
that
contract
is
live.
So
our
official
metric
starting
date
is
Monday.
That's
what
we'll
be
keeping
track
of
your
roads
and
Communications.
A
So
we
look
forward
to
kind
of
seeing
your
way
in
on
on
the
various
items
that
come
forward
through
maker
governance
here
and
yeah.
Thanks
again,
it
was
a
pleasure
hosting
this
call
one
last
call
out
to
the
delegate
platform.
If
you
have
further
questions,
if
you
watch
this
recording,
you
think
of
anything
else
feel
free
to
drop
them
there,
and
we
look
forward
to
engaging
with
you
guys
be
here
soon.