►
From YouTube: Know Your MIP #15 | MIP87 | OUSD Decentralized Rewards
Description
MakerDAO Forum Post: https://forum.makerdao.com/t/know-your-mip-15-mip87-ousd-decentralized-rewards/18457
For this series’ 15th session, we hosted the team behind MIP87 to discuss another proposed strategy to deploy funds from the PSM to generate yield. MIP87: OUSD Decentralized Rewards is a proposal by Origin Protocol to deploy up to 33% of the PSM’s USDC into Origin Dollar (OUSD), a rebasing yield-generating stablecoin, to enable income via a solution that allows MakerDAO to retain custody over the funds.
We hosted…
Origin Protocol Cofounder Josh Fraser @joshfraser
Origin Protocol BD Manager Peter Gray @pete
Origin Protocol Head of BD Andra Nicolau @OGblackswan
A
Evening,
depending
on
where
you
are
in
the
world,
I'm
retro
from
the
sustainable
ecosystem
scaling
core
unit
and
today
I'm
joined
by
the
co-founder
and
business
development
team
from
origin
protocol.
This
is
know
your
myth
number
discussing
the
proposal
to
leverage
PSN
funds
to
create
a
revenue
opportunity
for
the
Dow
Josh.
The
co-founder
and
Peter
panando
from
the
business
development
team
will
lead
this
session.
As
you
have
questions,
please
go
ahead
and
feel
free
to
drop
them
in
the
chat
or,
if
you're,
feeling
adventurous
I'm
going
to
hop
on
the
mic.
C
Surgeon
and
maker
actually
have
a
long
history
of
working
together.
We
both
got
started
very
early
in
the
space
origin
was
started
in
2017
I,
remember,
hang
out
with
ruin
and
they
ever
make
her
team
team
members
in
San
Francisco
in
2017,
2018
time
frame,
and
last
time
we
were
building
a
decentralized
Marketplace.
Where
you
could,
you
could
buy
and
trade
anything,
and
that
was
actually
the
very
first
stable
coin
that
we
added
to
that
product.
C
We've
also
collaborated
with
Mika
Dao
across
multiple
different
initiatives
over
the
years,
particularly
in
Asia,
I,
remember
being
in
Korea
hanging
out
with
doing
arm
a
lot,
and
we
recorded
some
videos
together
we
did
some
events
together
in
China
and
then,
of
course,
origin
is
a
big
user
of
maker
and
die.
We
have
over
eight
figures
of
dive
that
we've
minted
and
holding
our
Treasury,
but
fast
forward
today,
like
we
are
focused
on
these
two
products:
origin
dollar,
which
we're
going
to
be
talking
about
today.
This
yield
bearing
table
coin.
C
That
can
be
a
revenue
generator
for
for
maker.
We
also
have
this
nft
platform
called
origin
story,
and
this
may
be
how
many
people
have
heard
about
origin.
We
did
blouse
11.7
million
dollar
in
a
tea
sale
last
year,
but
really
brought
nfts
into
mainstream
Consciousness.
Before
that
it
was
nfts
were
saying,
was
like
only
people
in
communities
like
this
actually
knew
about,
but
with
that
that
record-breaking
sale,
you
know
mainstream
adoption
and
awareness
amenities
really
really
started.
C
Our
team
comes
from
Deep
Web
2,
as
well
as
web
free
experience.
My
co-founder
Matt
was
one
of
the
first
prior
managers
at
YouTube
before
the
required
and
by
Google,
and
we
have
like
Andre
here
was
a
one
inch.
Our
vpa
product
was
at
coinbase
before
so
deep
experience
in
space,
both
at
web
2
and
take.
We
want
to
take
the
best
practices
from
up
to
and
and
bring
some
of
them
over
to
web3
we're
backed
by
a
lot
of
well-known
names
in
in
crypto
space
like
Pantera.
C
B
Thanks
Josh,
so
there
were
two
main
motivating
factors
that
went
into
US
writing,
MIP,
87
speaking
with
the
different
maker
teams
and
core
units,
rewriting
MIP,
87
and
ultimately
coming
on
here
to
speak,
and
so
the
origin
team
is
aware
that,
due
to
a
small
number
of
liquidations,
maybe
some
weak
credit
demand
underperformance
from
eth
and
Bitcoin
makers.
Revenue
has
been
down
a
bit
over
the
past
best
the
past
quarter
about
I
think
86
percent.
Last
time
we
checked
so
off
the
bat.
B
And,
lastly,
there's
the
end
game
plan
where
everyone
describes
how
maker
needs
to
accumulate
as
much
heat
as
possible
over
the
next
three
years,
which
they'll
obviously
need
revenue
for
so
motivating
factor
number
one.
We
want
to
help
maker
generate
Revenue
and
then
there's
motivating
factor
number
two,
and
that's
that
the
recent
proposals
that
have
been
submitted
to
make
governance
so
far
have
all
involved
handing
the
investment
over
to
centralized
parties
and
when
it
comes
to
Makers
core
decentralization
principles.
B
At
this
point,
the
origin
team
trusts
code,
more
than
counterparties,
and
this
year
has
given
us
multiple
examples
of
what
can
go
wrong
when
placing
too
much
trust
in
centralized
platforms.
No
matter
how
safe
they
may
initially
see
them
from
the
outside.
The
funds
are
never
truly
secure
when
the
keys
are
handed
to
a
third
party,
and
this
is
a
good
slide
in
case.
You
need
a
reminder
of
a
few
Noble
logos
that
have
had
some
issues
over
the
years.
B
D
D
If
you
go
to
the
next
slide,
please,
how
does
it
actually
work?
So,
as
Peter
already
mentioned,
you
don't
hand
it
over
to
anyone,
you
simply
hold
it
in
your
wallet
of
choice
and
you
receive
yield
through
something
called
rebasing
which
most
of
you
might
be
familiar
with,
but
in
case
you're,
not
all
of
well.
What
it
really
means
is
that,
as
you
hold
ousd,
you
just
receive
more
of
it
in
your
wallet
now.
Where
does
this
come
from,
so
the
stable
coins
that
we
accept
that
I
mentioned
before
usdc?
D
Is
it
here
or
die?
We
route
them
through
Bluetooth
protocols
like
you,
have
the
names
on
the
screen
compound
Ave
uniswap
curve,
and
we
collect
fees
from
lending
fees
from
lending
protocols.
We
have
automated
marketing
market
trading
fees
and
liquidity
mining
rewards.
So
all
of
these,
combined
through
our
automated
asset
manager,
if
you
will
are
able
to
generate
higher
yields
than
you'd,
be
able
to
get
on
your
own.
If
you
were
to
do
individual
yield
farming
move
to
the
next
slide,
please.
So
what
do
these
yields?
Look?
Like?
D
D
So,
as
you
can
see,
these
are
still
higher
than
again.
If
you
were
to
do
individual
farming
next
slide,
please.
So
what
is
it
just
to
quickly
recap?
It's
a
yield
generating
stablecoin
that
rebases
positively
to
distribute
yields
to
to
users
and,
like
I
mentioned
it's
just
additional
units
that
get
deposited
in
your
wallet.
It's
fully
collateralized.
So
it's
not
an
algorithmic
stable
point.
It's
not
under
collateralized,
it's
backed
at
least
one
to
one
by
usdc
or
usdt.
D
Translating
that
experience
into
web3
and
one
more
please
security,
that's
something
that
we
take
incredibly
serious.
So
we
are
only
one
of
six
projects
to
receive
the
highest
security
rating
of
AAA
from
insurance.
We
are
audited
by
top
firms
in
the
space
opens
Upland
trail
of
its
search
over
solidified,
and
we
have
time
locks
on
all
contract
changes.
D
D
D
C
B
B
So
again,
the
goal
of
MP7
is
to
generate
revenue
for
maker
and
it's
to
generate
Revenue
at
a
higher
rate
than
coinbase
and
coin
shares
and
Gemini,
but
do
it
without
having
to
sacrifice
our
ideals.
You
know
keeping
decentralization
a
key
Focus
like
Andre
mentioned
oesd
is
generating
yield
at
a
a
trailing
apy
of
over
9.
9.2
percent.
B
At
this
point,
an
investment
LUSD
would
begin
generating
Revenue
free
maker
on
the
same
day,
so
make
or
not
have
to
wait
till
the
end
of
the
month
to
start
capturing
that
revenue
and
make
or
retain
custody
full
custody.
The
entire
time
we're
in
talks
with
with
multiple
core
units
at
maker
and
I,
still
figuring
out
the
best
ways
for
maker
to
actually
make
the
investment.
B
We're
proposing
that
makers
start
with
a
100
million
dollar
investment
using
the
idle
usdc
that
maker
is
holding
and
we're
also
prepared
to
offer
maker
a
bonus
of
origin,
dollar
governance
or
ogv
tokens.
Along
with
this,
this
ousd
investment
ogv
was
launched
on
by
the
same
team
that
launched
ogn,
which
now
is
listed
on
all
the
largest
exchanges
and
has
generated
tens
of
millions
of
dollars
in
trading
volume
each
day.
B
So,
along
with
the
OSD
investment
we'd
like
to
to
offer
the
the
OGB
bonus,
and
we
like
to
offer
it
at
a
rate
of
up
to
three
percent
of
the
total
OGB
Supply
over
four
years,
vested
monthly
with
a
one-year
cliff
and
the
originally
will
happily
increase
this.
This
bonus
proportionally
with
the
size
of
makers.
Investment
if
maker
decides
to
increase
the
size
of
the
OSD
investment
by
staking
ogv
through
our
staking
program.
B
Ogb
holders
have
the
opportunity
to
participate
in
ousd
governance
and
by
providing
maker
ogv
maker
will
have
the
opportunity
to
participate
as
well
and
we'll
have
a
say
in
ousd's
future,
because
it
was
ogv
I'm.
Sorry,
because
ogn
is
because
OU
SD
is
a
decentralized
protocol.
The
the
offer
is
obviously
contingent
on
on
decentralized
governance,
but
ultimately
we're
giving
maker
the
tools
to
participate
in
in
how
the
investment
is
allocated
with
ousd,
so
to
wrap
it
up.
A
Yeah,
thank
you
for
the
introduction
and
run
through
of
The
Proposal
there.
We
do
have
a
couple
questions
queued
up
and,
as
always,
audiences
encouraged
to
ask
any
other
thing
to
make
sure
we
have
it
for
the
recording
and
the
folks
watching
later
on.
Youtube
I
saw
that
you
answered
Josh,
but
is
there
a
risk
firm,
permanent
loss
with
this
proposal.
C
It's
really
a
the
risk
of
depegging
is
is
really
what
we're
talking
about.
As
Andra
mentioned,
we've
been
minimizing
our
exposure
to
usct,
where
vast
majority
are
backing.
Supply
is
in
thigh
today
and
usdc
is
a
second
and
then
there's
I
think
less
than
one
percent
in
usdt
at
this
point,
and
so
that's
something
that
the
community
is
obviously
weighing
in
on
on
what
those
appropriate
allocations
and
risks
are
so
but
I
hope
that
helps.
A
Yeah,
definitely
that
that
I
think
explains
it
very
well.
We
do
have
another
question
hit
up
from
recognized
delegate
flip
flop.
Flap
Progresso
asks
what
are
some
of
the
Strategic
hurdles
that
origin
faces
and
what
are
the
pivotal
challenges
facing
the
protocol
and
also
what
are
the
decisive
actions
that
are
being
taken
to
overcome
those.
C
Yeah
I
think
the
biggest
hurdle
we
have
is
that
ousd
is
not
yet
ubiquitous.
If,
if
you
could
use
origin
Dollar
in
all
the
same
places,
you
can
use
uscc
today,
for
example,
you'd
be
crazy
to
be
holding
uscc
in
your
wallet
when
you
could
be
holding
something
as
earning
yield.
Why
hold
something
is
earning
zero
percent
yield
if
you
can
be
using
the
exact
same
thing
and
a
yield
for
you,
and
the
reason
it's
pretty
obvious
now
is
that
uscc
is
integrated
and
dye
is
integrated
into
all
the
major
exchanges.
C
C
Some
of
the
pivotal
challenges
facing
protocol
the
same
thing
facing
everyone,
which
is
we're
still
very
much
at
the
mercy
of
macro
Trends.
We,
you
know
the
FED
increasing
rates
playing
it.
Certainly,
you
know
moving
attention
away
from
defy
and
onto
centralized
Alternatives
and
so,
but
that's
certainly
a
challenge.
Obviously
we're
still
bullish
on
on
D5.
We
think
that
it's
short-sighted
to
go
chasing
short-term
treasury
yields
and
forget
all
the
lessons
of
the
last
few
months.
But
that's
certainly
a
challenge.
C
C
There's
some
people
who,
in
our
community
who
are
pushing
for
higher
yields,
higher
yields,
higher
yields,
our
core
team
and
a
lot
of
people
in
our
community
are
like
no.
We
want
to
stay,
we
want
to
stay
safe
and
and
more
conservative,
and
but
that's
an
ongoing
battle
on
exactly
wherever
the
optimal
point
is
for
ousd
and
how
much
risk
the
protocol
should
take
on.
C
A
Yeah
and
to
build
on
that
a
little
bit
too,
the
MIP
87s
of
component,
seven
I,
believe
also
talks
about
the
elephant
in
the
room
which
was
about
two
years
ago,
there
was
a
a
exploit
or
a
hack,
but
for
the
benefit
of
everybody
on
the
call,
you
did
provide
a
post
modem
and
did
cite
that
the
protocol
is
Triple
A
rated
with
a
I'm
seeing
insurance
company.
Could
you
speak
to
that
and
provide
some
more
color
about
the
lessons
learned
and
the
growth
from
that
experience?.
C
Yeah
yeah
I
can
so
we
for
for
additional
context
on
what
happened
here
now
we
deployed
the
smart
contracts.
We
had
an
audit
from
Trailer
bits
queued
up,
but
it
takes
months
to
get
on
their
calendar,
and
so
we
said,
let's
deploy
the
contracts
and
see
if
they
actually
work,
and
if
this
is
useful
for
anyone,
but
we
put
a
huge
disclaimer
across
the
top
of
it
said
these
contracts
haven't
been
audited.
C
You
might
lose
all
your
money,
you
know
use
at
your
own
risk
and,
as
ifs
will
do,
but
you
know
people
have
about
seven
million
dollars
worth
of
of
capital,
even
though
we'd
warned
them
it,
they
might
lose
it
all
and
we
got.
We
got
hacked
due
to
re-emergency
bug
that
we
refactor
some
code
and
we
didn't.
C
We
didn't
catch
one
line
of
code
that
we
got
refactored
out,
but
shouldn't
have
been
refactored
out,
and
so
we
we
lost
the
seven
million
dollars
and
we
decided
the
right
thing
to
do
was
to
make
everyone
whole,
and
so
we
we
get
that
100
conversation
from
our
Treasury,
and
so
we
just
made.
We
made
everyone
home.
Some
of
that.
C
We
did
with
our
governance
token,
which
later
appreciated
and
valued
significantly
so
who
I
actually
ended
up
coming
out
way
ahead
due
to
this
hack
and
everyone
who
lost
money
is
very
happy,
but
they
did
because
they
ended
up
making
considerably
more
money
as
a
result
for
us
as
a
team,
it
was
obviously
a
terrible
thing
to
go
through,
but
it
was
really
important.
It
really
helped
us
grow
up
as
a
team.
It
helped
us
start
taking
security
a
lot
more
seriously
and
well.
C
You
know
it
was
a
terrible
experience
would
never
want
to
go
through
that
again
we're
in
a
much
stronger
position
as
a
team
because
of
it
we
we
really
got
our
together
as
a
result
and
we'd
have
you
know
very
thorough,
Security
checks.
We
have
Engineers
check
every
single
line
of
code
that
gets
deployed.
We
have
opens
up
plan
on
continuous
retainers,
so
everything
we
we
write
gets
audited
by
open
Zeppelin
before
it
gets
deployed.
C
So
we've
really
come
a
long
way
in
improving
our
security
and
Andrew
mentioned
we're
one
of
only
six
projects
to
get
that
triple
A
reading
from
insurance,
the
decentralized
insurance
protocol.
So
I
think
that
is
just
one
example.
It
speaks
to
how
far
we've
come
and
how
secure
of
a
protocol
is
today
and
that's
been,
you
know
it's
been
a
couple
years
now
and
there's
been
hundreds
of
millions
of
dollars
in
this
protocol,
since
so
we
feel
very
comfortable
parking,
our
company's
money
and
I
feel
very
comfortable
parking.
B
A
I
mean
two
years
is
maternity
and
D5,
and
our
industry
is
forced
to
learn
a
little
bit
trial
by
fire,
but
the
steps
taken
afterwards
that
you
cited
some
of
the
best
practices
that
we've
seen
many
protocols
follow
so
definitely
see
the
value.
In
that
lesson
learned
a
couple
years
ago,
moving
up
I
believe
it's
component,
five
also
talks
about
illegal
structure,
which
I
think
is
unique
for
decentralized
proposal.
Could
you
explain
some
of
the
logic
and
that
structure
as
well.
C
C
We
have
to
come
up
with
a
a
a
normal
corporate
entity
that
we,
we
can
say,
and
so
we
have
a
a
Cayman
entity
that
actually
for
legal
purposes,
was
the
issuing
entity
behind
our
tokens,
but
I
don't
think
it
has
too
much
Optical
app
application
here
for
a
proposal
again,
it's
100
decentralized,
we're
not
taking
custody
of
the
funds
and
the
came
into
really
doesn't
have
any
control
over
the
funds
at
all.
It's
all
governed
by
the
voters
and
and
stickers
of
OGB.
B
And
I'll
just
I'll
just
add
on
top
of
that,
with
RUSD
there's
no
lock-ups
like
there's
no
terms,
there's
no
contracts,
there's
no
conditions,
there's
no
investing
periods.
You
can
come
in
and
out
at
the
speed
of
the
ethereum
blockchain.
Now,
whenever
you
want
it
at
any
time
of
day,
it's
truly
decentralized.
C
Yeah,
if
you're
giving
money
to
a
centralized
counterparty,
you
know
wherever
Incorporated
matters
who
they
are
matters
who's
on
the
board
of
directors
Masters.
In
this
case,
you
can
look
at
the
quote
right
and
you
can
look
at
exactly
how
it
operates
and
you
don't
have
to
you:
don't
have
to
trust
us
or
or
any
centralized
counterparty
and
that's
that's
a
whole
point.
That's
that's
the
part
of
a
conversation.
We
really
want
to
drive
home
here
and
I.
A
Yeah
yeah
I
think
it's
important
to
note
that
the
previous
two
proposals
that
we
hosted
both
coinbase
and
Cone,
shares
play
for
that
withdrawal
so
that
it
could
be
a
competitive
advantage
of
the
Dow
sees
it.
That
way,
so
definitely
want
to
highlight
that
it
looks
like
the
question
bucket
is
a
little
dry,
so
I'll
make
one
last
call
for
questions
before
wrapping
up
while
people
may
be
typing
into
the
chat.
A
I
do
also
want
to
highlight
that
we
are
about
a
week
away,
eight
days
away
from
the
RFC
freeze
period
for
November.
Your
team
is
planning
to
submit
it
for
the
November
cycle,
I'm
assuming
then
yes,
correct,
so
so
Community
has
about
another
week
to
provide
comments
and
suggestions
for
improvement
before
the
freeze
period.
D
Now,
when
I
joined,
we
started
doing
a
little
bit
more
intentional
growth
and
we
started
looking
at
you
know,
trying
to
find
product
Market
fit.
So
if
you
look
at
the
top
stable
coins
on
the
market
cap,
they
each
have
their
own
fit
right,
I
mean
so
there
is
used
by
all
the
Traders
it's
integrated
in
every
single
exchange.
It
has
all
the
liquidity
pairs.
It's
just
deeply
integrated
right
usdc
is
the
trusted
one.
The
safe
choice,
then
you
have
of
course
dye
which
is
a
defy
token.
D
You
have
a
binance,
stable
coin,
which
you
know
us
in
the
ethereum
space,
we're
a
little
bit
biased,
biased
against
that
by
the
way
we're
only
on
ethereum.
At
the
moment,
I
should
mention
that,
so
we
figured
if
we
want
to
become
a
top
stable
coin.
We
would
have
to
find
this
product
Market
fit
now,
there's
a
bit
of
a
challenge
with
ousd
because
of
the
rebasing
aspect.
D
So
obviously
it
takes
a
little
bit
more
of
technical
integration
and
that's
something
that
can
hold
us
back,
not
because
we're
not
actively
pursuing
all
of
these.
But
because
there's
like
I
said
work
to
be
done,
resources
are
scarce
and
priorities
are
what
they
are,
but
we
are
advancing
on
multiple
fronts
to
make
sure
that
ousd
becomes
as
joshuaady
said,
available
everywhere
and
for
everyone
right.
So
we
want
to
make
sure
that
it's
on
all
the
exchanges
where
we
can
list
it.
D
So
we're
constantly
chatting
with
every
single
exchange
that
supports
freebasing
tokens,
we're
chatting
with
a
lot
of
D5
protocols,
we're
able
that
are
able
to
support
ousd
to
see
if
we
can
find
you
know,
new
liquidity
sources,
for
it
is
safe.
Sorry,
a
safe
protocol
that
we
can
extract
the
old
from
to
give
it
back
to
our
users,
and
we
have
like
I,
said
an
incredible
team
that
does
a
lot
of
due
diligence
on
that
front.
D
We're
chatting
with
treasury
Management
Solutions
because
we're
seeing
a
new
trend
in
D5,
where
we
need
treasury
management
and
obviously
a
lot
of
these
dials
and
Protocols
are
sitting
on
their
native
tokens
and
we
don't
support
native
tokens,
we're
a
stablecoin
protocol.
So
what
we
are
doing
is
trying
to
integrate
with
them
to
have
them
use
ousd
as
a
hedge
for
their
stablecoin
strategy.
So
we're
chatting
with
a
lot
of
these
types
of
projects.
D
We
also
are
chatting
directly
with
dials
to
see
what
their
interest
is
in
their
treasury
management
and
putting
some
of
that
into
ousd.
Now,
encouraging
Dallas
to
put
all
of
their
treasury
in
ousd
would
be
a
poor
risk
practice
on
our
end
right,
we
would
say:
hey
why
don't
you
put
it
all?
No
one
should
do
that.
Of
course
you
would
love
it,
but
you
should
not
do
that
just
because
everyone
knows
you
shouldn't
be
hedging,
so
we're
trying
to
position,
as
is
a
hinge
right.
D
We
are
also
chatting
individually
with
the
larger
holders
of
stablecoin,
so
obviously
in
our
search,
we
got
to
PSM,
which
brings
us
today
and
why
we're
here
we're
also
looking
at
the
other
wallets
and
trying
to
identify
like
where
do
they
hang
out?
How
can
we
target
them?
How
can
we
chat
with
them
to
get
them
to
buy
ousd,
whether
that's
through
individual
conversations,
we're
going
through?
D
Most
conferences
to
try
to
build
a
bit
more
awareness
around
ousd,
because
that's
something
that
we
haven't
done
a
lot
of
in
the
past
and
we're
in
our
path
where
we're
chatting
with
a
lot
of
these
whales
to
say
so,
a
lot
of
the
crypto
native
funds,
whether
they're
hedge
or
just
Venture,
that
are
also
that
have
stablecoin
strategies
or
yield
strategies
and
also
family
offices.
That's
something
that
we're
exploring
a
little
bit
with,
because
they're
starting
to
get
an
appetite
for
crypto.
Some
of
them
have
been
in
crypto
for
a
while.
D
A
lot
of
them
are
sitting
on
stable
coins
in
this
market,
as
they
should
and
we're
integrating
with
custodians
as
well,
because
whether
we
like
it
or
not,
although
we
believe
it
that
the
future
should
be
fully
decentralized,
they
don't
know
how
to
manage
non-custodial
wallets
and
they
can't
be
in
charge
of
their
own
assets.
So
we
have
to
make
sure
that
we
have
all
the
custodian
support
in
order
to
help
them
on
board
into
crypto.
So
that's
something
that
we're
also
working
towards
again.
C
We're
also
just
kind
of
realizing.
You
guys
we're
asking
you
to
take
a
take
a
bet
on
us
and
you
should
be
rewarded
for
t
for
taking
on
that,
that
extra
risk
and
and
being
willing
to
to
do
that.
It's
basically
our
idea
is
we
want
to
give
you
a
big
pile
of
money,
and
we
want
to
give
you
the
voting
power.
You
need
to
be
able
to
actually
look
out
for
it
yourself
right
and
because
it's
decentralized
with
those
votes,
you'll
have
enough
votes
to.
C
You
know
actually
influence
how
those
funds
are
are
invested
and
what
happens
to
the
protocol.
So
it
gives
you
a
very,
very
large,
vote
in
making
sure
that
everything
goes
well
and
we
hope
that
goes
a
long
way
to
mitigating
risks
that
you
may
see
around
working
with
a
third
party
versus
building
this
yourself.
It
gives
you,
you
know
enough
floating
power
that
you
can
actually
you
know
have
as
much
say
as
as
many
of
the
people
on
on
our
core
team.
As
far
as
what
actually
happens.
A
Foreign
I
think
the
description
of
the
business
development
opportunities
and
the
Innovative
approaches
in
MIP
87
speak
for
themselves.
It's
definitely
a
lot
for
the
now
to
consider,
especially
on
the
week
following
of
end
game
being
ratified,
but
it
creates
a
lot
of
opportunities.
I
think
both
for
creators,
protectors
and
Governor
doubts
with
the
the
the
governance
token
being
introduced
as
a
potential
reward.
A
So
we
want
to
say
definitely
appreciate
your
team
coming
on
and
providing
a
great
level
of
detail
into
the
myth
and
as
a
reminder
again,
there
is
another
week
so
as
people
both
on
YouTube
and
our
audience
today
have
more
questions.
It
would
be
best
to
direct
those
to
The
mip87
Forum
posts
which
I
shared
in
the
chat,
but,
as
always,
I'd
love
to
have
around
the
room
and
any
closing
thoughts
from
the
team.
We're
happy
to
give
you
the
last
word.
C
Foreign
I'll
just
say
thanks
again
for
having
us
on
we,
we
do
think
this
important
is
this.
This
topic
is
really
important
for
the
maker
Community,
and
it's
not
just
about
ousd
or
ESD
is
one
particular
implementation
of
it.
But
the
bigger
conversation
here
is
the
question
of
decentralization
is
maker.
Moving
in
a
direction
of
more
trust,
more
counterparties
is
that
direction
the
community
wants
to
go
or
do
we
want
to
move
more
towards
decentralization?