►
From YouTube: Open Decentralized Voter Committee | June 30, 2022
Description
The Voter Committee Calls are designed to invite MKR stakeholders to help the community agree on an overall top-down structure of categorizing the activities and strategic initiatives of the MakerDAOs decentralized workforce to create more specialized voter committees that cover each category.
More Information: https://forum.makerdao.com/t/endgame-decentralized-voter-committee-meetings-wednesday-june-29-9pm-cest-and-thursday-june-30-9pm-cest/16212
A
Welcome
everyone,
let's
get
to
find
the
slides
and
get
started
on
this
yeah
and
hey
everyone.
Thank
you
for
joining
us
just
as
a
friendly
reminder
during
this
time.
When
you
have
a
comment,
please
use
the
chat,
function
or
also
use
the
raise
hand
function.
So
we
could
try
to
get
to
your
questions
with
that
recording
start
room
I'll
turn
it
over
to
you
thanks.
A
A
Is
that
once
you
have
got
something
decentralized,
it
can't
change
and
it
sort
of
ossifies,
and
that
is
really
important,
because
if
it
can
change,
then
that
change
can
also
undo
the
decentralization
and
then
in
fact
it's
actually
not
decentralized
right,
because
something
decentralized
can
just
like
turn,
turn
it
on
and
off.
A
But
so
then-
and
so
that's
the
tesla
core
piece,
the
in-game
blame
that
it
needs
to
have
these
extremely
advanced
features
that
are
like
fully
future-proof.
Basically,
because
their
design
will
will
ossify
and
and
in
the
end
they
will
look
very
similar
to
whatever
you
you
put
in
the
plane
in
the
first
place,
because
it's
just
it's
just
very
unlikely
that
you
can
get
consensus
around
making
some
some
other
sort
of
bold
change.
A
Later
right
and
there's,
like
I
mean
we,
we
already
experienced
this
with
something
like
buy
and
burn
versus
yield,
or
something
like
that
right,
where
even
these
sort
of
relatively
simple
changes
that
are
driven
by
in
what's,
you
know,
what's
often
considered
a
much
broader,
like
sort
of
a
common
sense
based
on
the
modern,
modern
way
that
designs
are
done,
even
something.
A
That's
relatively
simple,
like
that
is
like
it's
so
difficult
for
just
a
decentralized
communities
not
just
like
totally
rejected
right
and
that
again
is
a
good
thing,
because
that's
sort
of
the
defense
mechanism
right,
that's
what
keeps
it
decentralized,
but
then
also
what
means
that
there
is
a
sort
of
like
the
ultimate
plan
for
very
strong
decentralization.
A
Okay,
so
let's
just
get
into
it,.
A
A
Right
so,
like
the
end
game,
like
the
yeah,
the
indian
plan
has
a
bunch
of
features
and
they
have
these
segments
of
of
the
the
pre-game
and
the
early
game,
which
is
kind
of
like
the
launch
and
which
is
also
what
was
covered
initially
right
of
of
meta
dials
and
this
kind
of
stuff
and
sort
of
the
early
stage
of
that,
and
then
there's.
A
Basically,
the
mid
game,
which
are
the
the
mid
game,
really
represents
sort
of
the
like
the
key,
future-proof
features
and
really
sort
of
the
the
the
key
stuff
that
isn't
the
ultra
low
hanging.
Fruit,
such
as
metadata,
which
is
like
something
that's
both
super
easy
and
simple,
and
also
crazy,
powerful
and
the
mid
game
is
more
like
the
stuff
that's
sort
of
like
you
know
difficult
to
build,
but
then
also
just
like
super
solid
future-proofed
power.
A
Basically,
and
then
the
in-game
is
this
kind
of
like
theoretical
efficiency,
maximizing
features
of
sort
of.
How
do
you
make
sure
that
you
build
out
to
sort
of
compete
at
the
like
at
the
sort
of
the
margins
of
the
design
space
of
sort
of?
Just?
You
know
the
market
that
the
maker
operates
in
basically.
A
And
so
last
last
time
I
talked
about
last
week
we
talked
about
the
pre-game,
which
is
what
goes
before
the
launch
itself.
So
all
of
the
stuff
in
the
premium
has
to
be
ready,
and
then
it
also
launches
at
the
same
time
and
then
there's
the
early
game,
which
is
then
the
low
hanging
fruit.
You
can
sort
of
fast
follow
with
after
launching
in
the
premium
and
there's
just
one
thing.
A
I
want
to
to
add
that
I
think
is
possible
early
game
feature
that
just
didn't
cover
last
time,
but
that's
basically
like
a
simple,
a
simple
mkr
vault
that
can
use
this.
You
know
singularity
construct
already
right.
So
this
thing
we
already
constructed
like
you
have
a
you
know
you
have
a
and
it
has
to
be
delegated,
so
it's
active
in
governance.
Then
it
can
start
farming
metadata
tokens
and
then
you
can
take
that
and
then
you
can
also
generate
diet
from
it
and
that's
just
like
a.
A
A
That's
not
actually
the
yeah,
that's
not
actually
the
case,
and
it
would
take
a
lot
of
effort
to
build
this,
in
which
case
it
should
be
sort
of
skipped
right,
and
then
we
should
go
straight
to
the
mid
game,
which
are
these
more
sort
of
starting
from
scratch:
solid
solutions,
okay,
so,
let's
get
into
it.
A
Yeah,
so
basically
the
mid
game
has
sort
of
yeah.
Like
I
said
right.
It
has
all
this
sort
of
the
the
the
key
stuff
right.
So
it's
like
it's
got
when
when
we
get
started
with
synthetic
assets,
it's
when
we
build
the
you
know
real
decentralized
front,
end
and
sort
of
really
get
into
that
get
serious
with
it,
and
then
there's
all
this
like
what
I
call
the
forge,
which
is
kind
of
like
this.
This
big
back
end.
A
Essentially,
so
it's
sort
of
like
a
single
set
of
of
of
features
that
are
like
they're
sort
of
contained
in
one
place
essentially,
and
they
do
a
lot
of
back-end
stuff,
mostly
related
to
providing
liquidity
or
burning
or
a
mix
of
that,
or
basically
powering
the
tokenomics,
with
liquidity,
essentially
or
or
the
kind
of
like
building
blocks
that
you
then
build
the
real
features
on
top
of,
and
then
the
singularity
engine
is
basically
like
other
than
these
general
features
right.
A
So
basically
synthetic
acids
and
yeah
well
yeah,
basically
other
than
synthetic
acids
tucson,
and
this
is
fronted.
Then
the
really
big
thing
is
the
singularity
engine
which
is
this
continued
like
and
the
singularity
engine
is
basically
like.
A
It's
like
a
combination
of
vault
engine
and
turbonomics
engine
and
voting
engine,
even
because
all
those
things
are
connected
and
I'll
get
into
that
in
a
second.
But
that's
sort
of
the
the
big
difference
between
the
forge
and
the
singularity
engine
is
the
forge,
is
sort
of
a
single
thing,
that's
contained
in
one
place
and
the
singularity
engine.
Is
this
thing
you
sort
of
put
on
every
single
shard
right,
so
the
singularity
engine
is
kind
of
like
it's.
A
It's
still
on
it's
still
a
back
end,
but
it's
kind
of
like
a
front
end
back
end.
If
that
makes
sense
right,
it's
still
like
a
protocol
piece,
it's,
but
it's
a
piece.
The
protocol
you
sort
of
want
to
plant
everywhere
and
that
you
want,
like
that
sort
of
multi
by
itself
sort
of
multi-gene
and
the
forge
is
then
this
sort
of
complete
back
end
of
like
when
you're
doing
the
governance
calculations.
And
you
have
all
these
like
pools
of
liquidity
and
you
have
the
burn
engine
and
that
kind
of
stuff.
A
Okay,
okay,
so,
let's
get
into!
Let
me
see
if
there's
see
those
questions
already.
A
So
let's
talk
about
synthetic
acids
first
right,
so
synthetic
acids
is
basically
just
redeploy
the
core
of
maker
and
then
you
just
use
new
oracles,
that's
pretty
much
it
and
then,
of
course
you
use
new
collateral
based
on
the
new
oracle
right,
and
so
you
can
do
a
euro
die
and
a
british
pound
die,
and
I
don't
know
why
this
euro
two
times,
but
you
know
every
single
currency
and
but
you
can
also
also,
if
you
do,
gold
like
a
synthetic
asset,
picked
gold
to
stocks,
potentially
of
course,
there's
all
sorts
of
like
legal
issues,
so
that
right,
legal
challenges
for
that
and
then
there's
the
most
important
synthetic
ass
of
all,
which
is
synthetic
eth.
A
And
that's
what
I
mean
I've
been.
I
was
talking
a
lot
about
that
last
time,
right
and
so
in
the
mid
game.
That's
when
we
upgrade
this,
the
the
the
pregame
synthetic
heath
to
the
real
synthetic
heath.
So
we
basically
take
this
stake.
Eath
wrapper
and
then
we
kind
of
like
turn
it
into
just
a
single
psm
on
a
bigger
system
that
is
actually
a
die
clone
that
is
pegged
to
eath
and
the
die
savings
rate.
A
Is
then
the
staking
yield
sort
of
the
yield
of
the
of
state
eat
right,
and
then
it
has
psms
to
light
up
state
d
and
rocket
eath
and
whatever
eath
right
other
other.
It's
sort
of
it's
an
yeah,
it's
kind
of
like
I
mean
it's
kind
of
it's
like
diet.
A
You
know
backed
both
by
uscc
and
paxos
and
finance
usd
maybe
right
on
different,
stable
points
right,
but
then,
since
the
synthetic
eat
also
has
a
really,
it
opens
up
for
a
really
really
awesome
new
feature,
which
is
you
can
also
generate
synthetic
eath
with
dye
as
collateral,
and
so
that
allows
you
to
to
go
short
eath
right.
So
you
can
both
you
can
both
use,
ether's
collateral
and
then
generate
die
and
buy
more
etherizer.
A
You
can
go
long,
eath
and
then,
with
this
with
this
system
now
you
can
then
also
use
dios
collateral
and
generate
general
ether
and
turn
that
into
more
dyes.
So
you
can
go
short
ease,
so
that's
something!
That's
not
current
possible
maker
right
so
maker.
Unlike
avian
compound,
you
can't
sort
of
trade
with
it.
In
that
way,
you
can't
show
yeah.
A
You
can't
show
any
eath
in
particular
with
it,
which
I
think
is
like
really,
but
I
mean
e
specifically
that's
and-
and
that
goes
back
to
sort
of
a
big
element
of
the
in-game
plan,
is
that
it
really
focuses
on
the
growth
of
ethereum
and
sort
of
maker's
connection
and
central
role
in
ethereum,
specifically
right.
A
So
this
really
bets
on
that
that
there's,
a
is,
like,
being
you
know,
being
able
to
provide
a
real
trading
experience
like
decentralized
trading
experience
and
specifically
on
ethereum
and
specifically
with
eth,
is
kind
of
like
a
that's.
The
kind
of
sort
of
core
solid,
forever
business.
That
maker
really
is
is
is
well
suited
to
to
compete
in,
because
maker
is
all
about
the
most
basic
stuff
and
then
just
make
it
as
efficient
and
secure
and
sort
of
give
it
as
much
traction
as
possible.
A
We're
in
the
room,
I
just
wanted
to
point
out
a
couple
of
questions
popped
up
in
the
chat,
so
we
might
want
to
look
at
those
real,
quick
yeah.
So
the
first
one
is:
what
is
a
meta
yeah
I'll
get
to
that?
And
then
there's
talking
about
other
stable
points?
Yeah
I
mean
I
actually
don't
think.
So.
Let
me
just
go
back
a
bit
like.
A
Maybe
we
don't
want
to
do
euro
die
anytime
soon?
That's
probably
not
an
important
like
that
might
be
an
in-game
thing.
The
the
main
thing
we
want
with
synthetic
assets
is
to
upgrade
synthetic
youth
to
real
synthetic
basically
and
then,
like
that's
something,
I
think
is
important,
no
matter
what,
because
that
opens
up
the
door
to
to
shorting
eth
with
the
makerbot
engine,
and
I
think
all
this
stuff
about
euro
die
whatever
that's
all
like
that.
A
That
that's
very
you
know,
should
be
based
on
market
research
and
can
be
done
anytime
right
and
also
by
the
way,
these
things
are
not
into
chronological
order
right.
A
So
the
different
time
periods
like
the
early
game,
the
mid
game
and
the
end
game,
like
those
are
kind
of
like
how
you
roughly
and
very
you
know,
obviously
subject
to
change,
but
that's
how
you
kind
of
group
it,
but
within
sort
of
the
mid
game,
it's
impossible
to
tell
which
features
should
be
developed
first
and
that's
sort
of
up
to
the
core
units
and
the
murder
committees,
and
the
I
mean
when
we
get
there
right
like
we
have
much
more
knowledge
and
it's
gonna,
be
you
know,
it'll
need
to
be
prioritized
and
done
in
a
way
that
that
just
works
the
best
based
on
sort
of
the
people
actually
doing
the
work
figuring
out
the
right
way
to
do
it
right
and
then,
of
course,
also
the
opportunity
that
you
can
measure
and
and
basically
learn
more
about
us
as
the
time
comes.
A
And
the
pre-game
will
will
do
right,
which
is
to
build
these
like
build
this
basic
function
of
being
able
to
farm
metadata
tokens,
but
then
also,
you
know,
clone
oasis
basically
and
build
out
sort
of
the
oasis
functionality
with
vaults
and
die
savings
rate,
and
then
also
add
governance
to
that
right.
So
you
have
decentralized
governance
front
end,
which
is
incredibly
important
for
yeah.
I
mean,
I
think
it's
obvious,
why
that's
so
important
right,
because
right
now
we
actually.
A
That
is
a
major
weak
point
right
that
we
have
a
single,
centralized
governance
run,
not
also
like
auctions.
Right,
I
mean
we
have
a
history
of
wanting
our
auctions
to
really
really
work
at
all
times,
no
matter
what
so
you
want
that
to
be
decentralized
as
well,
and
then
to
really
make
them
secure
they.
You
know
they
synergize
with
the
metadowns
right,
because
the
metadata
runs
each
of
these
and
then
the
the
thing
is
that's.
How
the
way
to
securely
run
the
decentralized
front
end
is
to
have
an
entire
dial
run
it
right.
A
That's
where
you
can
actually
have.
You
can
use
decentralized
governance
to
actually
control
where
an
ens
domain,
like
what
ipfs
address
that
points
to
something
like
that,
I
mean
I
actually
don't
know
exactly
how
right
and
that's
something
we
would.
The
world
would
look
different
by
this
time
right.
But
the
point
is
that
this
this
is
so
I
mean,
building
out
a
decentralized
front,
is
really
like
a
very
powerful
decentralized
front
end
that
we
can
then
copy
and
use
many
times
for
all
the
different
metadatas.
A
Yeah
so
now
we'll
talk
about
the
forge
and
all
this
like
complicated,
weird
stuff
that
nobody
will
ever
have
to
know
about,
but
that
sort
of
powers
the
whole
thing
and
then
or
rather
makes
it
that
makes
all
this
super
advanced
stuff
possible.
Basically,
it's
a
sort
of
a
baggage
system
that
only
has
a
a
single
deployment
and
then
it's
located
on
the
same
the
same
place
as
the
governance
call.
A
So
you
could
say
it's
sort
of
the
it's
yeah
hard
to
describe
right
sort
of
it's
an
infrastructure
that
sits
around
the
the
real
core
of
maker,
which
initially
would
be
in
the
ethereum
maintenance,
but
maybe
later
would
be
on
our
own
roll
up
for
efficiency
and
there's
an
example
of
like
what
the
forge
does
is
it
manages
the
alexia
which
are
these
index
index,
tokens
of
lp
tokens
of
specific
assets,
and
so
what
the?
What
that's?
A
One
of
the
things
that
what
you
do
in
the
forge
is
that's
where
you
go
with
all
the
different.
You
know:
here's
the
uniswap,
you
know
dye
and
ethan
mkr
lp,
here's
a
balancer
dies
and
a
gear
lp,
and
by
the
way,
the
way
we
make
the
unit
swap
one
is
you
actually
take
the
three
unit
swap
pair?
A
And
then
you
just
do
that
for
like
every
market
on
every
single
chain.
Eventually
and
then
you
take
all
of
them
and
you
go
to
the
single
engine.
Where
you
take
all
the
different
lp
tokens,
then
you
put
them
in
in
the
elixir
sort
of
engine
right
and
then
you
get
the
alexia
token
out
and
then
you
can
put
the
electronic
in
and
you
get
all
those
tokens
out
again
and
actually
I'll
and
then
the
same
thing.
A
A
Metallics,
here's
right
so
not
only
is
each
metallics
here
many
different
lp
tokens
from
all
the
different
marketplaces
where
you
have
kr
trading
against
metadata
tokens,
but
then
you'll
have
one
of
these
for
each
of
the
metadows
and
then
there's
another
stim
like
then
you
take
all
those
metal
elixirs
and
you
sort
of
once
again
combine
them
together
in
a
in
an
index
and
that's
how
you
create
the
singularity
alexia,
which
is
then
this
kind
of
ultimate
super,
weird
right
index
token
right.
A
That
gives
kind
of
exposure
to
this
maker
and
metadata
ecosystem,
but
then
also
provides
a
huge
amount
of
liquidity
to
it,
and
then
the
singularity
alex
here
is
actually
what
what
basically
codifies
implements
this
tokenomics
system,
that's
called
the
alexia
walls
right,
which
is
the
the
thing
that
that,
like
it's
a
it's,
this
sort
of
tokenomics
game
that
basically
gives
metadows
metadata
tokens
value
beyond
like
beyond
all
their
their
their
fundamental
value.
Right
and
the
way
the
game
works.
A
A
So
it's
like
the
curve
walls
in
that
I
mean,
except
that
in
so
the
curve
was
it's
like
the
more
curve,
the
more
the
more
curved
tokens.
You
accumulate
the
more
curve
tokens
you
get,
and
here
it's
a
little
bit
different.
Here's
the
reason,
the
more
elixir
you
accumulate,
the
more
you
benefit
from
the
singularity
likes
here
and
the
singularity
likes
here
is
constantly
being
created
by
maker.
Basically,
but
it's
roughly
it's
like
it's
the
same.
It's
like
the
more
mkr.
You
accumulate
the
more
mpr
you
get.
Basically.
A
And
then
in
turn,
then
rafael
asking:
how
do
we
bootstrap
these
pools
and
basically
that's
not
an
open
question?
I
think
that,
possibly
we
actually
don't
need
to
worry
about
that,
and
it
will
just
it
just
happen
by
itself,
but
we'll
see
when
we
start
really
getting.
A
I
mean
that
would
be
a
that's
a
real
sort
of
implementation
question,
because
no
matter
what
I
think
that
bootstrapping
them
can
be
done,
you
know
like
it
would
be
a
small
amount
of
bootstrapping
that
would
be
necessary
because
the
the
way
the
maker
sort
of
impacts
them
is
is
very
smooth.
A
And
then
there
is
the
well,
and
so
the
whales
is
super
weird
thing,
but
basically
the
well
is
the
thing
that
me
that
that,
like
this
it's
so
it's
a
consequence
of
the
strange
design
of
the
lexiers
right
that
the
lexiers
are
all
about,
combining
all
these
like
different
lp
tokens
from
all
the
different
shots
across
the
whole
sort
of
multi
multiverse
right,
multi-chain
universe,
and
so
in
practice
it's
not
it's,
not
gas
efficient.
It's
not
yeah
right.
It's
not.
A
We
can't,
like
you,
can't
count
on
on
an
end
user,
going
to
all
the
different
shots
and
sort
of
like
you
know
so,
like
taking
the
elixir
breaking
it
up
into
lp
tokens
from
like
200
different
shards
and
then
going
to
every
single
one
of
those
200
different
shards
and
then
taking
the
dye
and
ethernet
empire
out
of
it
and
then
taking
you
know,
combining
them
all
back
into
the
marketplace
and
then
selling
it
right,
and
so
instead
we
we
break
it
up
to
two
steps.
A
We
basically
have
the
the
well,
which
is
where
the
end
user
just
goes,
and
can
just
directly
trade
their
legacy
for
die,
and
then
there's
like
arbitrage,
but
constantly
going
back
and
forth
between
all
these
shards
and
sort
of
constantly
unwrapping
alexia
and
then
wrapping
it
back
together
in
order
to
make
arbitrage
profits
from
from
interacting
with
the
will
and
then
the
well
actually
is
very
slowly
accumulates
lp
income
right,
because
it's
just
trading
all
these
things
and
basically
providing
liquidity
to
the
end
users
and
then
taking
a
tiny
spread
from
them.
A
Potentially
then,
it
also
is
just
like
a
kind
of
like
surplus
buffer
almost
because
it
it
has
a
bunch
of
hot
assets
that
are
paired
together
with
mkr
and
and
metadata
tokens,
and
so
that
means
that
basically,
it
helps
make
her
absorb
like
there's,
basically
dye
and
eath
in
the
well
that
that
is
ready
to
to
buy
npr
if
there's
mass
dilution
of
mkr.
A
So
it
helps
with
a
little
bit
basically
yeah
right
like
like
providing
sort
of
financial
resilience
and
like
surplus
buffer,
like
effect
for
for
the
whole
system,
and
this
then
this
plays
into
this
thing
about
in
game
plan,
where
it
wants
to
open
up
the
possibility
of
npr
dilution
and
sort
of
normalize
that,
by
making
it
possible
for
maker,
to
make
like
make
maker
a
lot
more
able
to
handle
mkr
dilution
events
and
make
it
sort
of
less
scary
and
all
or
nothing
but
more.
Like
oh
yeah.
A
A
And
then
there's
the
meta
will,
which
is
like
probably
the
most
weird
and
kind
of
like
you
know
something
people
would
never
know
or
think
about
really,
but
so
this
is
where
this
is,
because
we
need
a
place
to
basically
have
again
like
the
ability
to
to
like
to
basically
trade.
A
These
meta
elixir
tokens,
because
there's
no
metallics
here
in
there
there's
no
metallics
here
in
the
well
there's
singularity
likes
here,
but
there's
no
like
the
metallics
here,
still
there's
a
whole
bunch
of
them
right,
there's
one
for
each
metadata
and
then
you
need
to
have
all
of
those
trading
against
each
other,
because
you
you,
first
of
all
you
need
that
if
you
want
to
like
I
mean
yes,
you
can
also
you
can
obtain
metallic
series
from
metadowns
and
you
obtain
singularity
elixir
from
maker.
A
But
then
one
of
the
things
yeah
one
of
the
the
big
functions
is
that
the
singularity
elixir
rebalances
based
on
the
alexia
walls
right.
So
here
right.
A
So
so
the
the
amount
of
metallics
here
that
exists,
like
the
proportional
allocation
of
metal
elixir
for
each
metadata
in
the
singularity
elixir
that
all
encounters
are
receiving,
depends
on
their
lexi
holdings
and
then
they're
fighting
this
wall
to
see
who
can
get
most
likes
here
to
get
the
most
mkr
out
of
maker
and
then
occasionally
that's
you
know,
then
all
the
the
weights
of
the
index
are
rebalanced
and
then,
when
that
rebalances,
then
you
have.
A
This
sort
of
you
have
to
basically
trade
a
whole
bunch
of
one
meta
elixir
for
another,
and
so
in
order
for
that
to
not
be
just
completely
eaten
up
by
by
arbitrage
and
inefficiency.
A
We
need
this
meta
well
to
provide
some
some
captive
liquidity
for
that
and
and
then
it
also
acts
just
as
a
little
bit
as
some
kind
of
another
sort
of
tokenomics
system
for
for
metadata
tokens
right,
because
this
means
that
there's
just
a
little
bit
of
of
liquidity
for
like
captive
liquidity
for
metadata
tokens.
It
just
means
that
they
get
a
little
bit
more
value
and
they
can
handle.
A
They
can
handle
dilution
a
little
bit
more,
which
kind
of
similar
to
I
mean
yeah
like
a
little
bit
similar
to
to
make
a
right.
Metadows
can
also
hyperinflate
or
some
dilute
their
token
if
they,
if
they
have
some
loss,
because
whatever
some
maybe
some,
you
know
they
could
have
an
insurance
loss
to
make
or
where
they
make
a
claims.
A
You
know
results
guarantee
because
something
went
wrong
with
with
some
coordinate
work
that
the
metadata
was
doing
and
then
they
can
have
a
huge
loss
and
then
they
might,
they
might
not
be
able
to
cover
it
with
the
treasury,
so
they
have
to
dilute
their
tokens
and
then
there's
actually
some
liquidity
here
that
allows
them
to
dilute
the
tokens
and
still
recover.
A
Potentially,
although
it's
not
supposed
to
be
much
yeah
and
then
there's
a
question
about
rafael,
is
balance
or
counterparty
risk
something
to
worry
about
I'll
get
to
that
much
later,
but
but
basically
so
initially
we
kicked
out
of
a
balancer.
But
it's
going
to
get
even
more
exciting
later
about
what
exactly
we
approach
that
then
there's
the
burn
engine
we.
So
we
talked
about
that
last
time.
A
A
bit
right,
but
it's
basically
that
so
maker
also
accumulates
elixir
just
like
the
metadose
and
then
the
idea
is
you
like,
if
you're
overpriced,
based
on
some
kind
of
boring
threadfire
model.
That
kind
of
deliberately
is
very
conservative
right
and
isn't:
gonna
isn't
gonna.
Assume
makers
should
have
some
crazy
value
because
of
metaverse
and
intangible
value
and
hype
and
whatever
it
only
focuses
on
like
cash
flows
and
fundamentals
and
then
anytime
you're.
The
price
of
npr
is
above
the
fundamentals.
A
Then
you
accumulate
lexier
instead
of
accumulating
npr,
and
then
you
wait
for
that
moment
when
there's
a
market
panic
or
whatever
or
maybe
a
big
dilution
event,
and
then
the
the
burn
engine
is
designed
to
then,
like
you
know,
like
open
the
floodgates
and
just
rapidly
burn
through
this
elixir
and
and
use
it
to
permanently
burn
as
much
in
care
as
possible
when
the
when
the
the
right
opportunity
exists-
and
one
thing
to
note
is
like
elixir
itself-
I
mean
first
of
all,
it
contains
some
mpr,
so
you
already
have
some
burning
effect,
even
when
you
acquire
elixir
in
the
first
place,
because
that
alexia
can
only
ever
be
like
once
elalexia
goes
into
the
burn
engine.
A
The
only
way
can
ever
go
out
again
is
if
it
gets
used
to
actually
burn
mpr
and
then,
on
top
of
that
elixir
is,
is
actively
market
making
mkr
right.
So
even
the
assets
in
alexa
that
it's
not
mkr
is
still
kind
of
like
providing
some
kind
of
price
support
for
mkr
right.
So
so
it's
a
very
sort
of
attractive
way
to
basically
store
your
your
surplus
in
a
way
that
benefits
them
care
holders
and
then
it
just
sort
of
decides
between.
A
Is
it
more
beneficial
to
use
the
dry
powder
immediately
or
should
we
store
up
the
dry
powder
and
then
wait
until
the
right
moment
to
use
it
and
then
for
the
minute
house?
It's
yeah
it's
kind
of
the
same
except
they
they
don't
really
want
to
use
the
like
they
want.
They
want
their
legs
here
and
this
one
accumulated
forever,
basically
and
never
and
hold
on
to
as
much
of
it
as
possible,
mostly
because
the
main
reason
why
they
want
alexia
is
because
they
want
to
impact
the
composition
of
the
singularity
elixir
right.
A
They
don't
necessarily
want
to
use
it
for
burning,
but
if
they
end
up
for
some
reason
in
this
situation,
where
there's
literally
more
elixir
in
the
metadata
than
the
value
of
the
metadata
itself,
then
it
will,
you
know,
always
sort
of
convert
it.
It's
kind
of
like
redeem
out
the
election
out
of
the
the
metadata
ember
burn
engine,
but
at
this
very
slow
pace,
but
to
some
extent
I
mean
I
mean
one
thing:
is
it's
optimized
for
basically
making
sure
that
the
metadata
keeps
getting
as
much
allocation
in
the
singularity
elixir
as
possible?
A
But
you
may
also
could
also
think
of
this
as
basically
just
being
designed
to
favor
maker
by
ensuring
that
this
is
the
elixir
that
the
metadata's
accumulated
is
like
very
reliable,
captive
liquidity
that
it
simply
cannot
quickly
disappear.
You
know
the
fastest
it
can.
A
It
can
go
away,
it's
like
10
per
year
or
something
so
it's
really
a
kind
of
reliable
captive
liquidity
that
can
be
considered
almost
equivalent
to
to
protocol
control
value,
at
least
in
terms
of
how
it
helps
protect
against
mkr
dilution
events,
which
is
the
big
the
key
right
of
the
plan
of
like
we
want
to
make
mkr
really
really
liquid
robust
token
that
can
handle
huge
dumps.
A
Maybe
if
I
get
into
any
any
questions
or
any
of
this
stuff,
this
is
actually
the
whole.
This
is
the
forge
like
these
pieces.
I
went
through
here.
Oh
no
yeah.
Well,
actually
there's
one
more
piece,
but
that's
not
such
a
big
thing,
but
so
just
to
reiterate
all
of
these
things
I
just
went
through
these
like
complete
sort
of
backhand
things.
A
Users
will
never
ever
care
about
them
right
and
there's
something
we
have
to
sort
of
decide
and
then
game
plan
and
build,
and
so
on,
but
they're
the
exactly
kind
of
stuff.
That's
like
very
difficult
to
agree
on
later
and
sort
of
change
or
anything
like
because
they're.
These
are
esoteric
backhand
pieces
that
just
make
the
this
advanced
overpowered
ergonomics
come
together,
okay
and
then
we
have
sort
of
the
star
of
the
show
right.
A
So
that's
this
is
the
the
tokenomics
module
of
the
singularity
engine,
and
that's
probably
the
thing
that
I
think
is
really
like.
That's
the
moment
where
we
can.
I
mean
this
is
the
thing
that's
gonna.
That's
that's.
Gonna
make
maker
sort
of
like
redefine
like
what
a
dial
can
sort
of
do
right
because
it.
A
What
this
really
does
is
like
this,
does
the
d5
2.0
crease,
but
really
does
it
in
a
way
that
actually
is
sustainable
and
works
and
makes
sense,
and
then
it
just
comes
together
with
all
this
super
powerful,
fundamental
value
that
exists
in
maker
and
basically
just
makes
the
mkr
token
and
the
metadatas
and
and
like
extremely
sort
of
attractive
things
for
people
to
to
get
involved
with
right
and
and
the
basic
idea
is
that
it's
this
thing
about,
like
so
economics,
isn't
just
about
what
you
give
people,
it's
also
about
how
you
give
it
to
them.
A
It
should
be
like
a
slot
machine
right
with
like
or
like
a
pinball
machine
right
with
like
flat
flashing
lights
and
bells
and
whistles,
and
you
know
like,
like
serotonin,
rushing
to
the
brain
as
you
get
all
these
different
tokens
and
cool
advantages
and-
and
you
know,
irresistible
benefits
right
and
so
and
and
at
the
corvette
what
the
singularity
engine
wants
you
to
do
like
the
sagittarius
engine
right,
that's
based
on
this!
A
It
wants
you
to
lock
up
your
tokens
right,
so
you
want
to
basically
suck
empty
holes
in
and
then,
ideally
they
stay
in
forever
and
they
never
leave
right
and
they
the
and
they
don't
have
to
leave,
because
the
singularity
engine
gives
them
everything
they
need.
A
It
gives
them
cash
flow,
it
gives
them
the
ability
to
generate
die,
and-
and
so
then
you
just
get
build
up
this
sort
of
this
black
hole
of
like
a
core
community
that
are
being
powered
by
this
advanced
tokenomics
and
it
just
grows
and
grows,
and
and
people
are
very
aligned
because
they're
sort
of
really
locked
into
the
system
right
yeah.
So
the
way
it
works
is
that,
first
of
all,
you
continue
to
find,
like
everyone
can
farm
metadata
tokens
right.
A
So
anyone
that's
voting
with
mkr
farms
metadata
tokens
at
all
times,
and
that's
because
we
don't
want
the
metadata
farming
to
be
confined
to
only
a
special
group
of
m
capitalists.
We
want
the
metadown
distribution
to
be
very
broad,
because
the
whole
point
is
to
see
new
communities
right
and
make
them
as
diverse
as
possible,
and
so
you
can
you
continue
to
do
that
and
you
can
participate
in
that
on
the
same,
the
same
level
as
as
everyone
else.
A
A
This
right,
so
the
yield
comes
from
this,
like
the
big
chunk
of
this,
this
tokenomics
schedule
right
so
the
40
000
mkr
per
year
and
over
time
it
could
even
increase
it.
A
Could
it
could
be
that
over
time,
all
the
other
parts
they
sort
of
reduce
even
further,
and
it
might
be
as
much
as
forty
five
thousand
care
per
year
and
so
all
of
that
npr
that's
been
generated
every
single
year,
just
it's
just
directly
used
to
basically
go
to
the
go
to
the
well
with
mkr
and
then
buy
singularity
likes
here
from
the
well,
which
is
then
funneling
value
into
the
metadows
based
on
the
alexa
walls,
right
that
the
amenities
then
turn
into
alexa.
A
So
the
value
goes
back
into
mkr,
but
then
the
the
singularity
engine
users.
They
then
receive
this
singularity
like
series
yield
and
then
they
sort
of
play
a
kind
of
game
where
they
receive
an
lp
token,
and
they
can.
Basically,
you
know
the
question
is:
when
do
they
want
to
sell
it
when
they
want
to,
I
mean,
or
do
they
want?
I
mean
yeah
in
theory,
they
could
hold
on
to
it
forever,
but
because
it's
an
lp
token,
you
never
want
to
hold
on
to
an
lb
token
forever.
A
If
it's
just
it's
expanding
like
it's
a
group
of
people
that
are
using
it
like,
if
there's
more
and
more
than
we
created,
because
it's
going
to
dilute
the
yield
right
that
you
get
from
the
providing
the
liquidity.
So
it
becomes
a
kind
of
game
of
like
when
to
sell,
basically,
which
I
think
is
a
very
good
way
to
do
to
incentivize
providing
liquidity,
because
basically
it's
like
you're
already
providing
liquidity.
So
you're
going
to
be
like
you,
you
know
it's
a
lot
easier
if
you're
already
providing
liquidity
so
then
be
like
stay.
A
A
little
longer
do
a
little
bit
longer
and
then
sell
instead
of
trying
to
get
some
like
identify
people
that
actually
want
to
provide
liquidity,
because
in
the
end,
it's
sort
of
it's
not
really
that
attractive
to
provide
liquidity
in
general,
and
this
is
sort
of
a
fundamental
problem
right
in
in
d5
design,
so
basically
yeah.
So
it
provides
a
ton
of
liquidity
to
the
metadows.
A
But
more
importantly,
it
just
provides
a
very
high
yield
to
mk
holders
and
you
can
actually
calculate
the
yield
they
will
provide.
If
you
estimate
how
many
will
lock
up
into
the
singularity
vault
and
if
we
say
that-
let's
say
you
know,
let's
just
say
one-third
like
so
33
of
all
npr
gets
locked
in
the
singularity
in
the
singularity
engine
right
so
in
this
singular
vault,
then
the
yield
would
be
like
would
be
between
12
to
yeah
around
12
yield
right.
A
So
you
get
12
per
year
in
this
singularity
lexia
token
and
then
raphael
points
out.
Then
you
get
the
impermanent
loss
and-
and
that's
the
point
that
I
was
was
talking
about
before
that-
like
you
eventually
want
to
sell
the
singularity
lexia
that
you
receive,
because
over
time
you
will
always
be
subject
to
impermanent
loss.
A
But
if
nobody
sells,
then
the
pool
of
liquidity
just
grows
and
grows
so
the
the
the
the
market
making
like
the
spread
that
you're
earning
will
go
down.
So
it's
basically
so
so
the
question
is:
when
are
you
going
to
sell
and
turn
it
into
cash
turn
it
into
die
or
whatever?
A
In
order
to
to
not,
you
know,
to
make
some
make
some
some
spreads
some
market
making
profits,
but
then
not
get
subject
to
too
much
in
permanent
loss
and
then
some
people,
if
some
people
they
just
never
sell
they
just
like
fire
and
forget,
then
they're,
basically
just
providing
cheap
liquidity
for
everyone
else
to
benefit
from
so
that's
another
kind
of,
because
that's
one
of
the
ways
this
the
system
is
set
up.
That,
like
you,
want
to
you.
A
If
people
just
want
to
give
everyone
else,
some
nice
benefit
by
not
being
active,
then
that's
a
great
thing,
because
it's
sort
of
their
choice
and
and
it
might
not
disrupt
their
kind
of
their.
You
know
their
sense
of
intangible
value.
Essentially
they
may
just
be
perfectly
fine,
be
like
oh,
whatever,
in
permanent
loss.
I
don't
care
because
it's
a
the
token
I
got
for
free
right.
A
There
is
text
to
consider
and
I'm
actually
getting
to
that
later.
But
that's
that's
the
basic
idea
that,
like
this
is
a
way
to
kind
of
let
the
people
that
really
care
about
efficiency.
They
just
can
sell
their
singularity
like
here
instantly
and,
let's
get
a
nice
yield,
that's
higher
than
what
you
normally
get
and
in
some
sense
it's
subsidized
by
those
who
don't
bother
to
do
that
immediately,
because
the
singularity
alexa
both
provides
a
yield.
But
it
also
provides
this
fundamental,
powerful
role
in
the
overall
end
game
to
ergonomics
and
alexia
wars.
A
And
then
there's
also
the
fact
that
you
can
generate
dive.
So
that's
just
the
sagittarius
engine.
The
big
difference
is
now
the
dye
is
not
backed
by
a
pool
of
dye.
Instead,
it's
basically
the
dye
that
you
generate
is
basically
it's
sort
of.
It's
like
you
could
basically
say
it's
algorithmic,
but
it's
a
very
you
know.
There's
some
kind
of
fixed
percentage
of
algorithmic
diet
like
so
or
mkr
back
die,
essentially
right.
So
initially
a
thing.
Maybe
it
would
be
something
like
you
can.
A
Then
the
stability
starts
to
explode
on
it
and
then
once
you
reach
10
like
at
the
most,
what
you
could
possibly
have
is
ten
percent,
and
then
the
risk
of
all
this
extra
mkr
back
die
is
basically
twofold
right.
So
one
is
that
you
can
cause
like
a
cascade
of
of
of
selling
a
ton
of
npr
right
because
you're
you're,
maybe
there's
like
a
dilution,
event
of
mkr
and
then
mkr.
A
You
know
these
vaults
get
liquidated
and
then
they
dump
even
more
npr,
and
you
just
have
like
this
huge
selling
event
of
mkr
and
that's
basically
offset
by
all
the
elixir
accumulation
right.
So
it's
offset
by
the
fact
that
the
system
is
now
designed
to
have
just
crazy
amounts
of
of
hard
assets.
A
Dye
and
eth
always
sitting
ready
in
this
captive
liquidity,
pools
to
buy
mpr
and
and
then
there's
also,
the
fact
that
emergency
shutdown
will
give
you
mkr
so
like
emergency
shutdown
will
basically
be
less
good,
an
outcome,
but
then
the
reason
why
I
think
that's
justifiable
is
because
the
whole
point
is
to
make
it
really
really
attractive
for
people.
You
want
to
draw
people
all
the
way
into
the
rabbit,
hole
right
and
have
them
be
active
governance,
participants
and
really
like
the
singularity
engine.
A
That's
supposed
to
be
sort
of
the
thing
that
makes
you
okay.
Now
I
better
attend
some
voter
committees
right,
so
that's
sort
of
the
the
the
funnel
that's
designed
around.
First,
you
dab
a
little
bit
you're
getting
some
metadows.
Then
you
make
the
jump
and
you
go
into
the
singularity
engine
now
you're
hooked.
Now,
you're
in
in
the
system
and
and
you're
going
to
lose
out,
if
you
want
to
leave
again
so
instead
of
leaving
and
keeping
that
option
available,
you
just
got
to
contribute
to
make
sure
that
everything
goes
well.
A
So
you
can
just
stay
there
forever
right
and
yeah
like
this,
this
locked,
I
think
I
mean
it's
just
it's
such
a
strong
synergy
between
this
lock-up
element.
Where
you
don't
have
liquidity,
you
have
a
cost
to
getting
your
liquidity,
but
then
you
can
just
generate
die
against
it.
So
you
you
sort
of
getting
back.
A
You
know
you're,
locking
away
your
mpr.
So
now
you
can,
you
know
you
don't
have
access
to
it,
but
on
the
other
hand,
you
still
have
access
to
it
because
you
can
just
generate
die
against
it.
A
So
like
it's
sort
of
it's
extremely
powerful
in
that
sense
that
it
sort
of
mitigates
its
own
cost
and
then
finally,
there's
like
a
small
bonus
to
voting
power
which
is
like
it's
not
because
I
think
it's
that,
like
I
used
to
put
this
voting
power
bonus
much
higher,
because
I
thought
that
it
made
sense
that
you
would
want
to
give
them
long-term
participants
much
more
voting
power,
because
this
is
obvious
that
they're
sort
of
better
suited
for
governments
right
because
their
incentives
are
better
aligned.
A
The
problem
is
that
it
creates
a
kind
of
attack
vector
where
you
get
these
unpredictable
situations.
Where
you
know
a
smaller
amount
of
mkr
can
suddenly
have
much
more
voting
impact.
So
what
I
ended
up
arriving
at
is
that
you
should
have
this
sort
of
small
but
still
significant
voting
bonus,
so
it
doesn't
really
make
a
difference
in
terms
of
attacking
or
anything
like
that,
and
also
not
really
a
difference
in
terms
of
like
making
swaying
big
decisions
that
much.
But
it's
enough
that
it's
like
it's
a
kind
of
you
know
it's
it's.
A
It's
kind
of
like
welcomes
you
to
actually
participate
in
governance
because
you
got
this
extra
bonus
so
like
there's
a
it's
a
kind
of
it's
a
it's
a
design
choice
that
sort
of
encourages
people
to
to
basically
vote
because
they
get
this
voting
bonus
right,
which
is
sort
of
a
a
way
to
then
drive
behavior
but
yeah.
Then
there's
like
the
exit
fee
right.
A
So
if
you
want
to
exit,
you
have
to
pay
20
of
all
your
mkr
and
then
you
have
to
wait
for
three
days,
so
it
really
really
sucks
to
exit
right.
You
pay
a
huge
price
to
exit
and
then
you
still
sit
around
well.
You
know
if
you're
big
whale
and
you
decide
to
exit
and
dump,
then
you
pay
the
huge
fee,
no
matter
what
and
then
everyone
else
notices
and
can
sell.
A
You
know
front
run
you
and
then
you
have
to
wait
the
three
days
anyway-
and
this
also
means
you
can't
do
governance
attacks
with
this
right.
So
this
sort
of
helps
against
yeah
governance,
attacks
right
because
there's
this
delay-
and
I
guess
in
general,
the
delay
should
be
equivalent
to
the
the
government,
security
module
and
then
the
final
big
advantage
of
the
end-game
plans
of
the
in-game
products
and
the
single,
and
this
especially
right.
This
is
sort
of
the
central
one
of
the
most
central
features
of
the
whole
in-game
plane.
A
Is
that
once
we
build
this
crazy,
advanced
and
super
overpowered
tokenomics
module,
then
we
can
just
reuse
it
over
and
over
and
over
again,
and
make
sure
that
every
single
metadata
also
gets
that
huge
benefit
for
free
right.
It's
just
the
exact
same
thing
that
we
use
just
with
a
bunch
of
different
tokens,
and
then
you
also
really
start
to
get
this
again.
A
This
kind
of
sort
of
intangible
value
effect
where
the
tokenomics
create
this
sort
of
crazy
whirlwind
of
value
flows
that
are
very
attractive
for
users,
right
that
make
the
that
makes
the
economic
activity
look
like
feel
more
attractive
because
you're
sort
of
seeing
it
very
you
know
it's
sort
of
being
moved
around
at
a
high
speed,
essentially
right,
because
just
like
maker.
A
Emits
mkr
in
order
to
buy
singularity,
elixir
and
basically
pump
value
and
pump
liquidity
into
metadata
tokens.
Then
the
metadata,
the
metadata
do
the
same
thing:
they
they
emit
metadata
tokens
and
then
they
use
those
to
buy
npr
and
pump
value
into
metal
elixir,
which
then
puts
like,
creates
a
liquidity
frame
kr.
So
you
have
these
two
opposing
forces
that
are
sort
of
pushing
value
into
each
other.
Using
the
same
system
just
with
different
parameters,
basically,
and
so
for
metadata,
is
all
right.
A
So
then
they
also
have
this
like
base
token
that
they
get,
which
is
the
manual
token,
which
is
sort
of
this
kind
of
like
it's
not
really
meant
to
be
a
super
serious
token.
Necessarily.
This
is
something
you're
kind
of
supposed
to
just
sell.
Unless
you
you're
really
into
like
I
mean
or
or
if
you
think
it's
fun,
you
can
stake
it
and
you
can
get
some
some
hot
cash
flows
on
it
right,
but
that's
basically
just
like
another
form
of
gamified
yield.
A
Basically,
and
then
the
the
bulk
of
what
you
get
in
a
metadata
singularity
engine
tokenomics
module
is
the
meta-electric
yield,
which
is
again
similar
to
the
singularity
plus
the
fact
that
you
can
generate
diet-
and
so
this
is
kind
of
like
this
thing
about
generating
dye
with
metadata
tokens
in
the
lock-up
system
is
kind
of
like
a
unique
thing
that
like
it
is,
it
might
be
a
little
bit
more
risky
and
the
question
is
like
what
the
risk
parameters,
what
exactly
they
should
be,
and
what
the
what
percentage
of
the
total
diet
supply
should
be
allowed
to
be
backed
by
metal
out
tokens.
A
But
what's
kind
of
really
positive
about
it
is
that
the
metadatas,
unlike
mkr,
aren't
totally
circular
with
with
stability
of
dye
right,
so
metadios
can
actually
have
a
fundamental
value
that
you
know
doesn't
suffer
from
this
death
spiral
risk
right.
So
so
they
have
a
kind
of
like
a
real
hard
fundamental
value
that
that
makes
the
most
suitable
as
collateral,
but
I
still
think
it
should
only
be
in
the
singularity
like
it
should.
Only.
A
Only
it's
just
like
with
the
only
real
reason
to
allow
mpr
to
generate
die
is
to
push
people
to
participate
in
governance,
because
governance
participation
is
so
critically
important.
Then
it's
sort
of
the
same
thing
with
the
metadata,
like
the
only
reason
why
you
want
to
generate
a
diagram
is
because
you
want
people
to
get
locked
up
and
really
deeply
involved
in
the
metadata,
because
that's
really
the
focus
of
the
whole
system
right.
A
Instead
of
trying
to
to
get
like
funnel
people
into
the
core
of
these
communities
and
like-
and
you
know,
turn
users
into
contributors
and
yeah,
and
then
it's
the
same
kind
of
exit
fee
right.
That's
the
same
model
like
it's
a
locker.
A
A
It
relates
to
the
exit
fee,
and
so
basically,
when
you
pay
the
exit
fee
well,
actually
the
way
it
works
is
so
the
exit
fee
happens
when
you
exit,
but
when
you
lock
in
you're,
already
locked
in
the
exit
fee
as
well
right,
there's
no
way
you
can
escape
the
singularity
engine
without
paying
the
extra
fee.
But
you
never
want
to
charge.
You
don't
want
to
charge
an
entry
fee
because
that's
just
like
really
bad
user
experience
right.
A
That
really
shouldn't
be
that
that
you
should
be
sort
of
discouraged
from
entering
it's
like
a
casino
right.
You
want
easy
to
enter,
but
you
want
to
be
hard
to
exit
right,
but
the
system
can
already
account
for
this
asset
when
you're
into
the
system.
So
basically
the
way
it
works.
A
The
drizzle
engine
works
is
that
when
a
user
locks
up
npr
into
the
singularity
engine,
then
the
drizzle
engine
has
the
ability
to
just
emit
mkr
corresponding
to
the
event
the
exit
feed
that
will
eventually
be
earned
from
that
newly
locked
yeah
and
then
the
drizzle
engine
is
raising
like
an
ember
burn
engine
in
reverse.
A
So
it
uses
a
evaluation
model
to
decide
when
to
sell,
mkr
and
turn
it
into
alexir
and
then
send
that
alexia
to
to
the
amber
burn
engine.
So
so
it's
really
just
a
way
to
to
like,
like
you
know,
extract
value
like
extract,
very
sort
of
tangible
value
out
of
singularity
engine
uses
and
then
turn
that
into
hard
assets.
That
will
help
the
stability
of
maker
at
the
right
time.
So
only
when,
when
the
price
is
high,
should
you
be
selling
npr
right
and
then
meta?
A
Does
it
works
the
same
way
where
their
singularity
engine
exit
fees
are
accounted
for
in
advance
and
used
to
generate
metadata
tokens
that
go
into
their
drizzle
engines,
then,
on
top
of
that,
metadata
is
just
constantly.
A
Basically,
emit
metadata
tokens
and
sell
them
for
lexier,
so
metadata
is
just
constantly
raising
money
at
all
times
and
just
constantly
accumulated
likes
here,
because
this
then
powers
the
alexa
walls
and
gives
them
more
liquidity.
So
they're
like
these,
like
supercharged,
crazy
sort
of
ball,
lightning
type
of
nuclear
to
ergonomics
right.
That's
just
like
constantly
going
to
generate
maximum
intent
and
tangible
value,
basically
and
then
there's
a
bottle
of
like
blah
blah.
A
When
does
it
when
when
does
it
the
you
know,
it's
like
the
metadata
will
emit
more
tokens
and
sell
more
metadata
tokens
if
the
price
is
high
and
if
the
price
is
considered
low
like
if
the
if
it's
valued
fairly,
if
it's
just
value
at
its
fundamental
value,
then
it
will
not
sell
any
tokens
right.
So
it
will
only
be
the
selling
tokens
when,
when
there's
sort
of
intangible
value,
you
can
turn
into
fundamental
value
by
taking
the
overpriced
metadata,
I'm
going
to
turn
it
into
some
hot
assets
in
the
next
year.
A
A
Instead,
you
just
only
have
the
the
you
know
the
vault
component,
I
mean
so
it's
kind
of
like
hard
to
easy
to
to
to
miss,
but
this
is
an
entire
vault
engine
as
well
right,
because
this
has
the
ability
to
generate
time.
So
this
is
not
just
yield
and
tokenomics
and
voting
it's
also
vault
engine
and
so
and
it's
a
variant
of
the
same
ball
engine
which
is
just
you
know.
A
This
is
just
where
you
have
something
that
looks
more
like
a
regular
mcd
deployment
right
so
and
so
the
way
this
metadata
landing
module
works
is
it's
it's
really.
You
can
think
of
it
as
like,
a
maker
clone
where
the
metadata
has
a
vault
engine,
it
can
and
it
actually
creates
its
own
stable
coin-
that
we
can
call
a
metadie
essentially
and
then
it
can.
A
It
can
take
in
collateral,
and
you
you
know
like
make
your
style
right,
allow
users
to
deposit
collateral
and
and
then
generate
these
metadata
tokens
or
the
metadata
itself
can
actually
sort
of,
like
so
pledge
its
own
collateral
and
and
generate
metadata
tokens
itself
and
then
use
that
for
stuff,
which
is
actually
kind
of
similar
to
this
makershare
makershire
hathaway
proposal
right
of
like
then,
the
governance
of
the
metadata
itself
can
be
doing,
can
be,
do
very.
It
can
do
various
sort
of
treasury.
A
A
You
know
your
your
money
into
it
and
you
can
get
a
return
and
then
someone
else
can
borrow
that
money
out
and
collateralize
and
pay
pay
an
interest
rate
right
and
then
the
key
is
that
there's
a
psm
on
these
metadata
lending
modules
that
take
dye
and
turn
it
into
the
metadata
right
and
so
and
then
that's
so
that's
how
people
interact
with
it
is
they
they
go
through
the
psm
and
from
the
user
perspective
it
looks
like
it
just.
A
This
is
a
like
a
lending
lending
platform
that
that
takes
dye
and
let
you
borrow
die.
You
don't
really
think
about
sort
of
the
metadie
part
you
just
you
just
convert
it
to
die
when
you
need
actual
hard
cash
right
and
then
this
means
that
it's
compatible
with
a
d3m
right,
so
maker
can
actually
set
up
a
d3m
that
can
generate
dye,
convert
the
dye
to
metadie
in
the
psm
of
the
metadial
lending
engine
and
then
use
the
metadise
collateral
in
maker
and
then
earn
the
die
savings
rate
on
the
metadie.
A
A
So
this
is
like
a
simplified,
like
a
sort
of
singular
design,
has
just
reused
over
and
over
again,
making
it
very
safe,
and
then
it
makes
it
very
high
impact
to
do
gas
optimizations
on
this
thing,
because
we
can
keep
upgrading
these
things
right,
so
we
can
make
a
metadata
landing
module
one
and
metadamage
two
and
three
and
four,
and
each
of
their
upgrades
is
just
security,
upgrades
and
efficiency
upgrades
and
then
the
code
base
between
like
the
way
you
do
what
the
lending
module
can
can
can
then
also
overlap
with.
A
How
does
meta
die
with
dye
savings
return?
Valuable
terminals
it
would,
it
will
increase,
die
demand
in
a
way.
You
could
actually
say
that
metadata
competes
with
diet,
but
but
not
really
right,
because
the
difference
is
that
metadata,
like
the
weight
will
be
used
as
a
product
is
not
going
to
be
as
a
stable
coin
like
it
will
be
used
as
a
lending
platform,
because
it's
impossible
to
boost
revenue
stable
coin
like
that
right,
you
just,
they
will
just
occupy
a
different
niche.
A
So
basically
metadata
becomes
a
kind
of
like
a
cool
sort
of
case
for
dye
right,
so
having
dye
is
really
convenient.
You
can
go
and
convert
it
to
metadata
in
any
of
these
meta.
Dials
right
and
in
fact
one
metadata
might
actually
have
multiple
meta
metadata
lending
modules,
so
it
might
actually
have
multiple,
stable
coins
and
multiple
dice
image
rate,
and
all
of
that
is
just
copy
pasting.
A
The
same
thing
I
mean
I
want
and-
and
they
can
really
do
some
crazy
stuff
like
you-
can
have
a
meta
die
that
is
deliberately
not
picked
one-to-one
all
the
time.
So
you
have
a
kind
of
a
term
element
to
it
right
where
sometimes
it'll
depend
to
the
downside,
because
there's
just
no
free
liquidity,
but
what
that
means
is
now
it
can
be
used
for
more
long-term
investments
and
that's
particularly
useful
for
reformer
dogs
that
are
doing
rural
assets
right.
A
That
will
allow
you
to
have
a
sort
of
meta
die,
that's
backed
by
10-year
30-year
treasury
bonds
or
something
like
that
right.
So
then
you
get
a
high
yield,
but
then
sometimes
you
can't
even
get
money
out
like,
or
rather
you
can.
But
then
you
have
to
pay
a
you
have
to
you.
You
basically
pay
a
like
a
discount,
essentially
because
of
the
like,
the
the
you
know,
the
duration
or
sort
of
the
liquidity
in
a
sense.
A
And
then
the
key
thing
to
all
of
this
is
that
this
is
a
way
for
maker
to
spread
the
vault
engine
right
all
over
the
world,
all
over
the
place,
every
l2
and
every
single
asset
and
so
on,
but
not
have
to
do
it
directly,
but
instead,
just
basically
just
like
we
like
to
put
money
into
army
if
they're
doing
great
and
give
us
a
good
yield,
that's
secure,
then
the
metadata
they'll
all
try
to
do
that
all
over
the
place
and
with
different
assets,
and
then
we
can,
as
synchronously,
take
our
time
to
evaluate
okay.
A
Have
they
been
doing
well
all
right,
then,
let's,
let's
put
some
money
at
a
risk
over
there
right
and
then
what's
so
great,
is
that
the
metadata
has
a
big
big.
You
know.
A
A
And
then
it
has
its
metadata
itself.
So
it's
like
all
these
layers
of
defense,
where
the
metadata
has
a
huge
amount
of
skin
in
the
game
to
to
not
have
these
metadata
landing
engines
blow
up
and
and
before
maker
could
ever
lose
money
on
a
metadata
landing
engine.
The
entire
metadata
would
be
completely
wiped
to
zero.
A
Okay,
so
that
was
actually
that
was
the
mid
game,
so
that
was
the
this
is
the
power
like,
I
mean
really,
it's
like
the
the
tokenomics
singularity
engine
and
by
the
way,
that's
sort
of
the
naming
of
the
stuff.
I've
been
messing
around.
A
That's
like
hard
for
me
to
figure
out
exactly
how,
because
the
point
is
to
sort
of
the
way
you
could
brand
it
is
that
all
of
this
is
just
a
single
thing
that
you
use
in
different
ways,
so
things
kind
of
like,
like
the
dark
tower
series,
the
dark
tower,
this
sort
of
the
singularity
engine
is
this
constant
thing?
That's
just
it's
available
everywhere
and
it
can
do
everything
and
you
don't
have
to
think
about
it.
A
You
just
like
go
you
just
go
to
the
singularity
engine,
that's
where
you
generate
dives,
where
you
find
metadata
tokens.
That's
where
you
vote.
That's
where
you
you
know,
like
borrow
from
a
metadata
and
so
on,
and
so
on.
Right!
That's
where
you
you,
you
get
the
metadata
like
it's
all
like
one
thing
and
it
all
gets
it's
presented
the
way
you
you
see
it
and
sort
of
interacted
with
it
is
in
the
decentralized
front
end.
A
So
a
lot
of
the
complexities
just
like
abstracted
away
and
it's
just
a
decentralized
front
end
with
a
huge
tons
of
options.
Tons
of
stuff
you
can
do
with
maker
tons
of
stuff.
You
can
do
with
the
metadata
house
and
it
might
be
a
bunch
of
different
systems
under
the
hood
at
least
initially.
It
is,
but
then
actually
eventually
it
gets
comp.
You
can
unify
it
even
more,
which
is
also
why
it
makes
sense
to
call
it
a
singularity
engine.
A
Anyway,
so
then
we
get
to
the
in-game
products
which
are
really
these,
like
they're,
not
worth
to
do
unless,
unlike
other
than
a
very,
very,
very
long
time
scale,
but
basically
there's
stuff,
that's
like
it
would
you
may
as
well.
Do
it
if
you
have
an
infinite
time
and
as
a
result
of
infinite
resources?
A
A
Well
so,
first,
we've
got
the
whole
oracle
thing
right,
so
this
is
sort
of
a
central
question
of
the
end
game
plan
is
like:
should
we
just
drop
the
oracles
and
and
and
get
rid
of
that?
And
basically
you
know,
stop
paying
all
the
money
for
that
and
just
outsource
it
and
hope
for
the
best
or
should
we
continue
to
operate
it
and
basically
deal
with
the
crazy
challenge.
A
It
is
to
run
an
oracle
network
right
and
so
the
the
end
game
plan,
the
sort
of
the
metadata
paradigm
path
of
nba
plan
that
we're
talking
about
here,
basically
envisions
that
we
double
down
on
the
oracle
and
create
this
maker
maker
node
network
right
in
the
manual
token,
you
know
whatever
we
call
it
and
then
also
build
a
bunch
of
upgrades
to
adventure
bytes,
so
so
singularity
notes
I
mean
this
is
actually
very.
This
is
a
very
big
concept
still
actually
so
this
is
yeah.
Maybe
it's
not
even
possible.
A
This
is
something
well.
I
like
eventually
we'll
get
a
bunch
of
input
from
nick
on
this
because
he
has
likely
like
worked
on
this
for
years.
Actually,
the
idea
is
that,
like
it
should
be
possible
to
trustlessly
participate
or
semi-trustlessly
participate
in
in
sorry,
not
trusted
permissionlessly
participate
in
the
the
maker
node
network,
because
what?
Basically
it's
like?
You
need
to
post
collateral
and
then
you
need
to
get
some
like.
You
need
to
get
sort
of.
A
Have
you
verified
or
interact
with
the
metadata
in
some
way,
so
you
post
a
bunch
of
collateral,
then
you
get
approved
by
metadata,
then
you're
locked
in
and
then
you
can
start
earning
earning
income
from
doing
various
maker.
Node
network
services,
such
as
staking
heath
or
posting
oracle,
updates
to
maker
or
posting
oracle
updates
to
the
metadata
and
so
on.
Right,
and
it's
like
a
very
modular
and
very
sprawling
massive
network
with,
like
potentially
thousands
of
notes
because
they
can
be
like
they
can
be
used
in
all
these
moderate
fashions
right.
A
So
a
metadata
might
have
20
singularity
notes,
and
mostly
they
just
run
the
metadata's
own
oracles,
like
its
own
small
native
oracle
network
on
its
own
l2.
A
But
then
they
also
participate
in
the
in
the
global
sort
of
maker
oracle,
and
then
they
maybe
also
even
participate
in.
Like
chain
link
or
lido,
or
something
like
that
and
tries
to
make
some
some
extra
income
like
that
yeah
and
then
there's
m
m
steth.
So
that's
basically
that
is
this
is
how
we
can
monetize
the
synthetic
eth.
So
that
would
basically
be
I
mean
not
necessarily
a
fork
of
I
mean.
A
I
think
it
makes
the
most
sense
to
to
really
just
like
directly
fork
the
lido
code
or
copy
the
design,
because
I
think
it's
the
best
design.
A
But
the
basic
idea
is
that
this
is
a
way
for
them
for
to
to
so
that
maker
doesn't
have
to
charge
a
fee
on
top
of
synthetic
eath,
because
instead,
the
way
it
can
be
monetized
is
that
eventually,
in
the
very,
very
long
run
after
it's
grown
for
years
and
really
captured
market
share,
then
you
can
just
allocate
some
small
percentage
of
it
to
to
the
maker
node
network
itself.
A
A
So
you
can
remain
competitive,
but
then
still
get
the
same
kind
of
of
value
out
of
it
and
then
there's
the
ultimate
oracle
and
that's
like
yeah.
That's
basically
like
like
a
sort
of
in-game
oracle
design
that
both
can
have
a
huge
amount
of
nodes,
but
also
it's
very
like
maximally
gas
efficient
and
basically
the
idea
is
that
you
you.
A
You
only
have
a
single
node
doing
price
updates
if
the
price
isn't
moving,
but
then,
as
soon
as
it
starts
moving
a
bit
in
bigger
and
bigger
sort
of
within
bigger
and
bigger
bounds,
then
you
need
to
sort
of
dynamically
increase.
The
amount
of
oracles
like
the
notes
that
participate
in
in
moving
to
sort
of
moving
further
away
outside
of
these
bounds.
A
And
then
this
then
sort
of
matches
with
having
the
singularity
nodes
that
are
collateralized
and
depending
on
how
much
collateral
you
have
then
the
determinants
of
who
is
the
sort
of
the
leading
node
and
which
nodes
have
to
to
to
agree
to
sort
of
moves
yeah
further
away.
So
what
happens
is
I
mean
so
still
cause
a
lot
of
gas?
A
If
you
want
to
do
massive
price
swings,
but
then,
on
the
other
hand,
if
you're,
just
doing
sort
of
like
very
granular
of
the
price
actually
becomes
possible
because
you
don't
have
to
get
everyone
to
to
say:
did
the
price
go
from
200
to
201
and
199
or
whatever,
and
and
having
a
lot
of
those
updates?
That's
just
really
good
for
market
making,
right
and
and
sort
of
high-speed
stuff
that
you
could
use
oracles
for.
A
Yeah
then
here's
the
final
form
of
the
tokenomics
module,
so
it's
actually
possible
to
make
it
even
more
complex
and
powerful,
and
so
the
idea
is
so.
This
is
the
text
thing,
I'm
sort
of
talking
about
right
that,
but
but
of
course
it's
not
just
about
text,
I
mean
that's
sort
of
a
side
effect,
it's
more
about
gamifying
it
even
further,
and
and
maybe
even
more
massively
overpowered
tokenomics
in
this.
A
So
but
and
basically
it's
a
choice.
You
can
either
use
it.
Both
has
a
classic
model
up,
here's
a
bunch
of
singularity
alexa,
but
the
other
option
is
that,
instead
of
actually
receiving
a
singularity,
what
you
do
is
actually
you
purchase
an
nft
essentially
and
then
that
nft
has
a
kind
of
points
inside
of
it,
and
so
not
only
do
they
do
you
keep
receiving
more
and
more
points
based
on
your
mkr
in
nft,
but
actually
the
the
points
that
you
already
accumulated
inside
the
nft
themselves
have
a
yield.
A
So
you
get
so
what
that
means
is
you're
rewarded
for
holding
on
to
your
singularity
elixir,
because
the
points
then
represent
the
ability
to
convert
into
to
singularity
likes
here.
But
then
there's
this
like
gating
mechanism,
so
it
becomes
captive
liquidity
right
because
that's
what
we
want
is
we
want
to
be
able
to
rely
on
the
liquidity
of
people
that
are
that
accumulate
their
singularity
like
zero
time
and
that's
why
we're
paying
them
an
extra
yield
right.
So
it's
the
sort
of
compounding
yield.
A
So
that's
just
sort
of
another
game
of
like
some
people
can
choose
to
play
this
game.
Like
this
and
then
basically
they're
gonna
get
the
highest
yield
possible
out
of
everyone,
but
they're
also
gonna,
basically
be
the
most
locked
into
the
system
that
you
possibly
can
be.
So
it's
another
one
of
these
sort
of
funnels
that
that
allow
you
to
really
sort
of
be
fully
sort
of
have
just
maximum
skin
in
the
game,
but
then
also
actually
get
a
reward
that
that
follows
with
it.
A
And
then
I
think
this
is
the
last
piece.
This
is
the
fin
I
mean
I
think
I
mean
yeah
like
well.
These
two
are
basically
the
two
most
powerful
sort
of
absolute
crazy
in-game
things
right
that
are
like
that
might
take
10
years
or
even
more
to
get
to
the
point,
maybe
less.
But
the
point
is
that
even
10
years
from
now
this
is
gonna,
be
crazy,
crazy,
cutting
edge
and
absolutely
powerful
stuff
right.
So
this
is
the
other
one
of
of
this.
A
This
is
the
integrated
vault
module,
and
so
the
idea
is
to
basically
first
of
all,
the
key
feature
of
this
is
that
now
there's
suddenly
an
amm
built
into
the
singularity
engine,
so
the
singularity
engine
will
have
a
native
amm,
and
so
this
goes
back
to
like
the
reliance
on
balancer
and
unit
swap
whatever
right
so
eventually,
actually
we
replace
those
with
our
own
native
mm.
A
Of
course,
we
still
also
elixir
is
like
multi-market
and
multi-shot,
so
alexia
actually
still
goes
out
and
provides
liquidity
into
unit
swap
and
balance
and
so
on.
But
then
it
also
has,
as
kind
of
like
a
a
lot
of
its
liquidities
inside
internally,
in
the
singularity
engine
and
and
then
the
the
key.
Is
that
not
only
is
it
an
amm
integrated
into
the
singularity
engine,
but
now
the
maker
vault
engine
so
the
place
where
maker
you
know,
allow
users
to
to
generate
dye
with
eath
and
and
synthetic
and
so
on.
A
You
know
have
a
this
landing
module
right
because
basically
there's
a
singularity
engine
on
each
shard
right
and
there's
also
a
metadial
that
has
a
home
base
on
each
shot
and,
of
course,
some
shots.
Maybe
they
will
have
a
singularity
engine
without
a
metadata,
in
which
case
the
metadial
portion
is
just
deactivated
until
you
get
an
active
method
out
there,
but
the
reason
why
it
makes
sense
to
integrate
all
these
things
together
is
basically
fundamentally
about
the
gas
and
efficiency.
A
So
basically,
nowadays,
if
you
want
to
do
recursive
leverage
right,
it's
super
expensive
because
you're
doing
all
these
easy
20
transactions
like
in
and
out
kind
of
where
you
sort
of
you.
First,
you
depart
you
do
an
easy,
20
transaction
to
put
your
eth
into
the
vault.
Then
you
generate
the
die.
Then
you
get
an
easy
20
transaction
to
get
the
die
out
of
the
vault
engine.
Then
you
do
another
transaction
to
get
the
die
into
unit
swap,
and
then
you
do
another
transaction.
A
You
get
the
e
thought
of
unit
swap
and
then
do
another
direction.
You
get
the
eth
into
the
vault
engine
and,
like
so
the
vast
majority
of
all
the
guest
fees,
just
endless
endless
here's
20
transactions,
and
if
you
just
you,
can
remove
those
entirely
by
sort
of
integrating
it
all
together,
and
then
you
get
this
also.
A
This
kind
of
you
know
this
unified
liquidity
right
where,
like
it's,
really
really
suddenly
becomes
really
gas
efficient
to
leverage,
long
eath
or
leverage
shorties
because
of
synthetic
eat
right
because
of
alexia,
because
it
provides
the
the
the
massive
massive
liquidity
for
this
in
the
first
place
and
then
there's,
of
course,
the
piece
about
the
amm
is
like
permanently
free.
A
It
doesn't
even
have
the
concept
of
fees
right,
so
you
have
yet
another
piece
of
slight
efficiency
improvement
that
just
makes
it
slightly
more
cheap
to
use,
and
so
the
end
result
is
that
maker
isn't
just
like
a
lending
system
anymore.
A
This
becomes
a
really
really
ultra
efficient
trading
system,
actually
right
for,
like
for
leveraged
trading
and
the
one
the
one
problem
is
well
maker
cannot
offer
high
leverage
right
because
you
maker
doesn't
want
to
generate
dye
with
like
highly
levered
state
teeth,
right
or
high-lever
synthetic
eath,
but
because
the
metadials
are
integrated
in
it,
then
they
can
actually
provide
that
so
that
so
you
can
have
this
sort
of
symbiosis
kind
of
where,
if
you
want
to
use
low
leverage,
you're
actually
generating
real
diet
directly.
A
If
you
want
to
use
high
leverage,
then
you're
actually
borrowing
money
from
a
meta
dial
and
and
then
you
know,
but
but
as
a
user,
you
don't
notice
any
of
this
stuff.
You
just
see
kind
of
like
you
know
what
you
would
expect
from
whatever
ftx
or
something
like
that
today,
right
except
it's
unchained
and
it's
actually
cheaper
and
the
rates
are
crazy.
Cheap.
If
you
want
to
you
know
and
and
the
liquidity
is
insane
because
it's
powered
by
lexier
and
it's
sort
of
the
ultimate
optim.
A
You
know
it's
simply
the
absolute
best
completeness
of
the
end
state
that
you
can
possibly
theoretically
get
off
of
a
decentralized
system
right
and
it's
delivered
in
a
decentral.
You
know
in
the
same
decentralized
front
end
with
this.
You
know
the
same
thing
right
with
sort
of
the
unified
experience,
so
it's
just
like
the
ultimate
yeah
in-game
right
of
of
d5.
Basically,
is
this
thing?
A
So
let
me
see
some
of
the
questions
here
yeah.
This
is
it
by
the
way.
This
is
the
end
of
the
presentation.
A
A
I
don't
really
understand
the
question,
but
I
yeah
like
monster
d5
legos
yeah,
that's
what
like
it's
kind
of
like
extrapolating.
What
are
the
diva
legos
that
even
exist,
then
creating
sort
of
a
native
integration
of
them.
So
you
get
this
like
the
most
powerful
efficiency,
that's
that's
sort
of
humanly
possible
and
then
just
like
super
powered
with
with
sort
of
the
this
like
advanced
tokenomics.
That
creates
this
maximum
sort
of
bells
and
whistles
intangible
value
effect
and
just
putting
it
all
together
into
one
single
system.
A
And
yeah-
and
I
think
that
I
mean
then
there's
some
comments
about
shorting
east
is
a
key
component.
Yeah
like
shorting.
Each
is
a
key
component
but
like
more
importantly,
eth
in
general
is
just
a
key
component.
But
basically
the
in-game
plan
to
some
extent
assumes
that
there's
basically
eth
and
then
there's
real
assets
and
then,
of
course,
there's
a
bunch
of
other
random
small
tokens
and
stuff.
But
like
we
in
practice.
A
A
So
that's
why
we
also
want
to
be
a
trading
engine,
because
in
the
end
like
we
want
to,
like
the
trading
element,
that's
going
to
be
a
key
source
like
it's
going
to
be
key
place
to
try
to
attract
east
leverage,
demand
or
eth
shorting
demand
and
and
then
that's
gonna,
provide
more
liquidity
for
the
lexier
and
then,
if
there's
more
liquidity
for
the
alexa.
That
makes
synthetic
more
attractive,
and
that
makes
it
so
pretty
it
just
like,
creates
a
black
hole
of
liquidity.
Right,
that's
gonna,
result
in
one
of
the
outcomes.
A
Is
it's
going
to
maximize
the
the
amount
of
heath
that
ends
up
backing
die
right,
so
the
percentage
of
dye
that
is
backed
by
is
as
high
as
it
possibly
can
be.
By
taking
this
approach.
A
A
There's
still
going
to
be
something
left,
and
that's
then,
where
we
focus
on
like
that's,
where
we
have
reform
announced
to
real
assets,
and
then
there's
also,
I
mean
there's
the
clean
money
and
the
the
sort
of
the
vision
and
purpose
element
where
one
thing
is
eth
is:
is
a
green
asset
right
once
post
merge,
so
so
that
by
itself
fuels
sort
of
the
clean
money
brand
right
and
the
ability
to
attract
normal
people
to
to
have
some
reason
to
actually
use
crypto.
A
But
then
we
also
want
to
actually
do
some
like
real
what
I
call
a
flagship
projects
right
like
solar
farms
and
windmills
nuclear
power
plants.
So
we
can
advertise
that
stuff
right,
so
we
can
sort
of
show
something
practically.
This
is
why
you
want
to
use
diet.
Look
it's
all
clean.
Mostly,
you
know
eath
totally
carbon
neutral,
maybe
offset
the
carbon
or
whatever,
from
the
little
small
amount
of
the
sticking
that
it
does
right
and
which
would
be
extremely
cheap
to
do
and
then
even
like.
A
So
not
only
is
it
clean,
but
it's
doing
these
like
flagship
projects.
We
can
like
shove
in
your
face
and
and
virtual
signal
for
how
great
it
is.
It's
like
you
hope,
the
fact
that
you
put
your
savings
in
this
coin.
That
gives
you
a
good
savings
rate
and
it
lets
you
farm
some
crazy
tokens
that
that
are
really
fun
and
interesting
and
exciting
right
and
you
get
all
those
benefits.
A
But
not
only
do
you
get
all
that
you're,
like
literally
saving
the
world
in
a
way
that
actually
works
compared
to
you,
know
recycling
or
paper
straws
right,
which
is
like
something
you
do
because
you're
told
to
do
it,
but
you
know
it
doesn't
actually
work
because
nothing
matters
unless
we
reprogram
the
financial
system
right.
So
so
all
of
those
things
will
come
together
in
that
way.
A
Okay,
let's
say
you
are
an
imaginary
lacie
and
care
holder
and
you're
looking
for
yield,
and
you
want
to
make
your
tokens
work
for
you.
Can
someone
give
me
an
example
from
there
you
lock
your
mpr
and
then
what
yeah?
Well
you've
got
two
options
right.
Your
laserum
care
holder
you've
got
two
options,
so
one
option
is
to
you
can
just
so
the
thing
the
answer
is
you
use
the
singularity
engine,
but
you
can
use
it
in
two
ways.
So
one
is.
A
Just
the
farming
singularity
farming,
you
basically
take
your
car,
you
delegate
in
governance,
you
go
through
some
like
governance,
you
know
ui
gamified
governance,
ui
of
like
picking
a
strategy
and
picking
a
delegate,
and
then
you
just
start
getting
tokens
metadata
tokens
right
and
then
you
pick
a
metadata.
You
want
to
farm.
A
So
you
maybe
you
want
to
create
a
metadata,
because
if
you
think
hackers
are
cool
or
maybe
you
want
to
reform
a
metadata
because
you
want
to
support
clean
money
or
you
want
to
govern
a
metadata
because
I
don't
know
the
yield
is
the
highest
or
something
I
mean
or
because
you
just
think
governance
is
exciting
and
you
really
want
to
be
a
part
of
the
inner
workings
of
the
governance
yeah.
A
I
think
the
government,
the
government
house,
are
going
to
be
the
hardest
sell,
but
but
then
they're
going
to
be
the
most
valuable.
So
so
they
will
there's
always
going
to
be
people
that
will
will
want
them.
So
that's
the
and
and
so
that's
what
you
do
we're
like.
Okay,
I
got
some
mpr
and
now
I'm
getting
a
bunch
of
free
tokens
and
there's
also
a
huge
amount
of
burn
because
well
the
income
is
constantly
burning
and
buying
elixir
and
there's
tons
of
elections.
A
A
You
know
with
it
with
a
singularity
lock
up
vault
right,
so
that
means
you
continue
to
get
your
metadata
tokens
and
you
like
it
so
much
that
you
don't
feel
like
you're
going
to
stop
doing
that
anytime
soon.
So
why
not
get
a
huge
extra
yield
of
this
singularity
alexia,
which
is
just
like
metadata
tokens
on
steroids?
Basically
right,
so
it's
a
higher
yield.
A
It's
like
it's
a
very
high
yield
right
and
then
it's
a
some
weird
token
that
you
can.
Basically
you
can
sell
it
and
you
can
hold
it
and
hold
on
to
it
or
whatever,
and
then
on
top
of
that,
you
can
generate
die.
A
So
even
though
you're
locked
in
you
still
have
access
to
liquid,
like
you
still
have
access
to
cash,
so
it's
sort
of
like
it's
really
inviting
for
you
to
lock
yourself
in
and
just
commit
yourself
to
the
project
and
then
at
that
point
once
you've
done
that
anyway,
you
even
though
you're
super
lazy,
but
I
mean
this
point.
You
sort
of
learned
enough
that
you
know
about
the
lock-up
ball
and
so
on,
and
then
you
also
know
that
you
got
a
voting
bonus
and
you're
locked
in
so
like.
A
If
something
goes
wrong
with
the
project,
then
you're
going
to
lose
a
lot
of
money
right
because
you're
going
to
have
to
unlock.
If
you
want
to
sell-
and
it's
even
going
to
take
time
so
you're
sort
of
vulnerable
to
problems
in
the
project
and
only
and
conversely,
you're
really
exposed
to
the
long
term
right.
A
It's
anyway,
sort
of
such
a
big
part
of
your
exposure
and
sort
of
and
as
a
result,
such
a
big
part
of
your.
What
you're?
Thinking
about
that.
It
may
not
be,
I
mean
obviously
for
most
people,
they
never
make
the
leap,
but
but
you
know
I
guess
I
bet
that
would
be
much
higher
sort
of
conversion
into
these
active
community
members.
A
Then
frank
and
said
you
lock
mkr
and
get
metadata
tokens
and
then
use
those
tokens
to
create
and
pool
and
then
deposit
to
likes
here
and
then
the
metal
well
actually
yeah.
So
I
mean
that's
the
problem
with
this
stuff
being
so
advanced
and
so
sort
of
overpowered,
which
means
that
it
requires
this
kind
of
complexity.
But
actually
so
frank
you,
you
actually
got
it
wrong.
Like
balance
the
pool
alexia
meta.
A
Well,
you
can
ignore
that,
like
the
users,
don't
they
don't
see
that
stuff,
that's
sort
of
on
the
back
end
of
all
this
like
so
so
I
mean
you
do
see
meta
alexa
and
singularity
likes
here,
but
but
the
way
you
think
of
those
is
just
that
they're,
a
bunch
of
the
tokens
that
you
get
and
they
swing
in
value
and
they're
like
lp
tokens
or
whatever.
A
If
you
want
to
know
about
that,
but
mostly
it's
just
like
weird
tokens
that
you
get
that
you
can
sell
and
then
the
question
is:
when
do
you
want
to
sell
them
right,
just
like
so
so
even
yeah
right,
so
the
alexa
you
get
exposed
to
is
like
alexa
is
basically
stuff
that
you
get
for
free.
Then
you
can
sell.
A
So
mk
has
always
looked
as
is
being
under
the
umbrella
of
eth.
Can
this
plan
make
it
break
more
into
its
own
trajectory,
possibly
more
valuable
eth?
I
would
say
no,
and
I
think
that
that's
keep
I
mean
so
fundamentally.
A
I
don't
think
that
that's
like
it's
actually
like
it's
a
really
like,
so
I
would
say
no
and
it's
it's
a
really
weird
like
the
thing
is:
if
maker
doesn't
have
eth,
then
you
get
this
very
strange
like
then,
it
almost
becomes
like
a
luna
effect,
which
is
kind
of
weird,
or
maybe
it
becomes
entirely
dependent
on
real
assets,
or
something
like
that.
A
So
I
think
we
actually
really
don't
want
that
to
happen
like
we
really
want
eth
to
remain
this
sort
of
hot
asset
that
is
separate
from
maker
and
can
be
used
to
sort
of
power
power
maker
in
this
way
and
provide
a
stable,
decentralized,
stable
point.
A
A
Well,
basically,
I
mean
basically,
nothing
happens,
like
that's
kind
of
the
point
right
there
like
if
a
metadata
goes
to
zero
and
explodes
and
dies
and
in
fact
there
should
be
a
kind
of
like
maker
actually
wants
to
actively
kill
off
metadata
like
there's
gonna,
be
some
kind
of
kpi,
essentially
where,
if
a
metadata
starts
to
sort
of
become
too
small
like
somehow
like
start
sort
of
what
do
you
call
that
stuttering
or
whatever
you
call
it
right
like
running
out
of
steam,
then
you
just
want
to
sort
of
do
a
mercy,
killing
and
unwind
it
basically
and
have
that
be
a
part
of
the
game
in
a
sense
like
that's,
the
part
of
the
high
risk
of
of
metadose
right
high
risk
high
reward,
but
ideally
it
has.
A
I
mean
nothing
happens
like
they
have
a
bunch
of
collateral,
then
that
collateral
gets
distributed
out
to
the
the
token
holders.
So
they
sort
of
redeem
the
the
underlying
elixir
out
of
the
metadata
and
then
all
the
the
contributors
in
the
metadata.
They
just
immediately
move
and
work
for
another
metadata,
because
the
marketplace
for
for
contributors
and
coordinates
is
so
sort
of
fluid
in
the
metadata
ecosystem
and,
like
basically,
doesn't
mean
much,
of
course,
the
metadata
terms
you
had
as
a
contributor
to
sort
of
a
dead
metadata.
A
Let
me
just
find
it
what's
going
on,
so
that's
if
maker
has
too
much
exposure
to
the
meta
like
to
the
meta
die
right,
the
metadial
landing
engine,
a
landing
module
in
which
case
maker,
can
suffer
loss
and
lose
money
in
the
surplus
buffer.
Even
worse
case
scenario,
lose
money
in
in
you
know,
get
encounter,
looted
and
then
have
to
take
the
hit
on
the
elixir.
Basically.
A
Going
into
that,
but
there's
this
whole
element
of
dow
quests
right,
that's
so
each
of
these
in-game
pieces.
The
way
they
get
built
is
that
metadows
sort
of
get
the
tag
like
an
entire
metadata
was
created
with
a
whole.
Bunch
of
I
mean
metadata's
always
do
whole
bunch
of
stuff
right
and
then
one
of
the
things
that
they
do
is
they
also
created
with
a
sort
of
origin
quest.
A
Essentially
that,
like
you,
have
to
be
the
one
that
builds
the
metadata
landing
engine,
and
so
that's
why
you
get
these
resources
and
blah
blah
you
get
these
you
you
adopt
this
particular
core
unit
of
protocol
engineering.
You
know
talent
or
something
like
that,
and
then
you're
gonna
work
on
building
the
metadata
lending
engine,
and
then,
if
you
finish
it,
you
get
this
huge
bonus
in
elixir.
That
goes
straight
into
the
elixir
walls
right.
A
That's
like
it's
dumped
straight
into
your
your
amber
engine
and
impacts,
the
the
the
singularity
elixir
district
allocation
and
so
on
right.
So
this
is
like
so
that's
kind
of
that
goes
back
to.
I
think
it's
like
early
slide.
Let
me
find
it
yeah
crazy
slide.
A
How
am
I
gonna
build
a
singularity
engine?
How
I'm
gonna
build
this
and
that
all
you
think
about
is
how
am
I
gonna
launch
like
cluster
and
launch
this
metadata?
That's
the
you
know,
that's
the
only
in
a
sense,
complexity
from
the
perspective
of
the
major
cause
is
like
the
creation
of
metadatas
yeah
and,
like
the
posting,
the
so
actually,
the
the
slide
on
the
tokenomics
is
in
the
in-game
discord.
Right
now
I
posted
in
the
chat,
but
I
haven't
actually.
A
I
haven't
posted
the
the
forum
post
on
the
the
pre-game
like
the
in-game
project
and
I'm
gonna
do
like
probably
do
them,
both
together
or
maybe
separately,
but
that's
I'll
be
doing
that.
Probably
while
I'm
on
holiday
over
the
next
couple
of
weeks,
it
might
slow
down
a
little
bit
because
then
yeah,
but
but
I'll
post
them
as
soon
as
possible,
because
definitely
this
stuff
needs
to
be
put
down
in
writing
and
and,
like
you
know,
it's
gonna
take
a
lot
of
time
to
oh.
A
Actually,
I
don't
know
how
that
happened,
but
I'm
I
totally
skipped
this
the
meta
shot,
but
anyway
we
talked
about
that
already.
So
this
is
like
the
native
shot,
where
eventually
that's
where
maker
governance
moves
to
and
that's
where
the
forge
moves
to,
and
then
it
synergizes
with
the
maker
node
network,
because
the
nodes
can
be
the
sequences
for
this.
A
And
and
also
the
manual
token
can
be,
the
ecosystem
fund
that
can
attract
other
projects
to
our
own
roll-up,
to
really
just
yeah,
be
even
more
successful
and
more
network
effect
yeah.
So
this
is
like
the
transition
plan
and
then
there's
a
tokenomics
overview
and
yeah.
A
Yeah,
so
that
was
it,
and
this
is
probably
I
mean
I
imagine,
that
each
of
these
things
I
just
went
through
in
one
and
a
half
hour
like
each
of
them
will
be
things
we
will
be
going
through
for
hours
and
hours
and
hours
and
hours
and
because
they
have
to
actually
be
defined
in
the
in-game
plan
launch
map
itself,
because
they
sort
of
there
has
to
be
clarity
around
them.
Because,
again
you
can't
really
change
it
once
you're
ossified.
So
you
need
to
know
really
think
about
it
as
much
as
possible
up
front.
A
A
Sorry,
I
don't
understand
that
question,
but
maybe
you're
talking
about
singularity
engine.
A
You
know
the
ability
to
generate
die
from
mkr
and
ability
to
generate
die
from
from
metadata
tokens
and
basically,
like
I
said,
like
the
main
thing,
is
you
have
to
offset
that
with
elixir
accumulation,
so
you
like,
if
you
just
allow
generation
of
dye
with
mkr
and
nothing
else,
then
what
you're
doing
is
you're
actually
introducing
a
little
bit
of
algorithmic
backing
into
your
token,
which
just
makes
it
more
unstable.
So
you
have
to
offset
it
with
some
additional
stability
and
then
that's
what
the
what
the
elixir
does.
A
So
in
that
sense,
it
can
be
sort
of.
I
mean
it
might
be
slightly
more
risky
and
it
might
not
be
completely
neutral,
might
be
sort
of
slightly
more
risky,
but
then
or
it
could
be
the
other
way
around.
If
you
have
more
links
here,
then
actually
it's
the
other
way
it's
sort
of
less
risky
than
than
not
having
alexei
or
not
having
mkr
back
diet,
but
even
if
it
is
more
risky,
I
think
it
like.
A
I
like
it's
still
worth
it,
because
the
point
is
this
is
how
you
get
more
governance,
participation
and
governance.
Risk
is
sort
of
the
biggest
risk
of
all
in
many
ways
right.
That's
how
you
that's,
how
you
prevent
the
black
swan
event
from
even
occurring
in
the
first
place,
so
it's
worth
it
to
to
be
creative
and
sort
of
be
tap
into
all
power
available
to
try
to
get
people
involved
in
governance.