I am the owner of Vault #4458. I had 355.77 ETH locked as collateral, and it appears that the vault was liquidated at an ETH price of $143.01. The debt was 35,613.38 DAI. By my calculations, approximately 281 ETH would have been sufficient to cover the outstanding debt (with 13% fee) at liquidation, leaving me with ~74 ETH. However, I am left with 0 ETH. Can anyone explain? Thanks [link] [comments] Originally from MakerDAO https://ift.tt/2IGbPbg I want to help with covering these losses/buy cheap collateral, but I'm little more than a script kiddie. Is there a pre-existing webapp or tool that people like me can use? [link] [comments] Originally from MakerDAO https://ift.tt/3aKksh4 I was looking for a way to start with Maker's Keeper, but stuck. I did find some but those are half baked. Can anyone provide link to any tutorials? Thanks in advance [link] [comments] Originally from MakerDAO https://ift.tt/3aUC2zb Usually this is a simple question. But now, is it recommended ? I fear I'll lose it all if Maker fails [link] [comments] Originally from MakerDAO https://ift.tt/2IGGEN5 I’ve been interested in crypto since 2013, it’s an amazing idea to me, I’m not super educated on it but still want to be a part of it. Lately I’ve been using compound finance as a defi platform. I supplied 626 dai and keep up with it on defisaver. I watched the market liquidity drop from 9 million dai to 46k in about 45 minutes of refreshing the page. What does this mean and what happens when it hits 0? I just can’t find any information on this anywhere and haven’t seen any posts yet. Thanks in advance. [link] [comments] Originally from MakerDAO https://ift.tt/2TIbriS My liquidation price is $135, ETH has gone below it several times today, but currently $138. I am trying to add ETH collateral to bring the liquidation price down, but the transaction just sits in Pending on the blockchain. This is completely useless! [link] [comments] Originally from MakerDAO https://ift.tt/2TLufxZ Don't want to create panic and please help to shed light on it if you know more. But it seems someone is bidding 0 on collateral for liquidations and trades are still executed. Daistats.com show more than 2 million usd in accumulated losses for the system. Something seems to be wrong here and devs should look into this urgently! Once again, please correct me if I am overlooking something here, but this looks very weird! Hope it is just a data error. [link] [comments] Originally from MakerDAO https://ift.tt/3cSZ2Al The one stop shop for finding out what’s being discussed by governance right now.Links reflect my view of the most noteworthy activity in the governance, risk and oracles categories right now. Disagree? Think something should be added? Leave a reply or a pm. Updated 12/03/20 Brought to you by u/LongForWisdom Three Point Summary‘What do I need to know as an MKR Holder this week?’
Active Discussions‘What’s going on? You think what?! You’re 100% wrong, and here’s why…’ Can the DAO "restrict" itself? *New!* - In which @Akiva asks whether the DAO can restrict itself on future actions, and suggests some ways to do this. Signaling Guidelines *Resurrected!* @Mitote asks for input on potentially updating or solidifying the signalling guidelines. MKR seasoning proposal for system control access *New!* - In which @MakerMan suggests a way to solve some of the governance and ES attack vectors. Seeking Consensus‘Yo, do you even signal?’ Signal Request: Precedent for on-chain polling *New!* - In which @Aaron_Bartsch attempts to find consensus on what the Foundation should be required to do before posting its own on-chain polls. Signal Request: Add Spell Expiration to Proposals *New!* - In which @Derek seeks consensus over whether to add an expiration parameter to spell contracts moving forward. Signal Request: Add Ranked Choice Voting as an Option for Governance Polls - *On-going* @hexonaut proposes adding the option for ranked choice voting to the on-chain governance polling system. Some good discussion so far, needs more eyes! Ongoing Initiatives‘Oh my god, this is taking ages, why can’t things be simple?’ The Official Welcome Thread - A welcome and introductions thread. Not strictly speaking governance, but if anyone new or old wants to introduce themselves, now is your chance! Forum Navigation Index - An index that aims to make navigation and browsing easier around the forum. Governance Initiatives - An index that aims to list ongoing governance initiatives. Suggested Signaling Process - In which I outline the current signalling process as I see it. Agree? Disagree? Share your thoughts here. Systemic Risk Directory - Collating the various systemic risks identified by members of the community. Is everything going to explode in the future? Click here to find out! Help Wanted‘Oh %#$?, we need a doodad, and we need it now.’ Wanted: Weekly Governance Recap for MKR Holders - Looking for a journalistic roundup of the goings on in MakerDAO each week. Funding Available! [link] [comments] Originally from MakerDAO https://ift.tt/2wQzbZc CDP Owners: If you see that the next price update in MakerDAO is below your CDP/Vault liquidation price, please make adjustments to protect your CDP accordingly. We recommend Repaying, Paying back debt or adding more collateral to increase your ratio. Automation users: In case the price in MakerDAO drops below your liquidation price the system would be racing against the liquidation bots trying to Repay your debt before liquidation is initiated. We cannot provide any guarantees regarding outcomes in such a scenario. Please use https://ethgasstation.info/ for gas price estimates and don't attempt any low gas prices. The network is on fire and using fast is absolutely recommended. If you have any questions, please don't hesitate. Discord or here on reddit is preferred. [link] [comments] Originally from MakerDAO https://ift.tt/3aMilcE Why is the price feed stuck at $168? [link] [comments] Originally from MakerDAO https://ift.tt/3cSxpre Lendf.Me is now global rank #6 DeFi lending market in terms of supply volume ($14.8M), supporting USDT, USDx, USDC, PAX, TUSD, WETH, WBTC, HBTC, imBTC borrowing and lending with competitive interest rates! [link] [comments] Originally from MakerDAO https://ift.tt/38GVHRp Hi everyone, What does the current rate imply? Why are people buying expensive DAI right now? Is it because the saving yield is too high? Isn't there a risk that the stable coin is not a stable coin anymore? [link] [comments] Originally from MakerDAO https://ift.tt/2Q4Vy3S [Agenda/Discussion] Scientific Governance and Risk - Thursday March 12 9AM PST (5:00 PM UTC)3/11/2020 AgendaGovernance Segment
Risk Segment
General Q&AWe'll open the floor for any questions about Scientific Governance and Risk. Please join us and help shape the future of the MakerDAO. Links[link] [comments] Originally from MakerDAO https://ift.tt/2xr1r4R So far, the most recent executive spell, which would enact the most recent DSR spread poll result (1%), has not gathered sufficient MKR to be cast. If that continues until Friday's executive vote, should the new execute reflect the most recently polled (but not executed) DSR spread (1%) or the most recently executed DSR spread (0%)? [link] [comments] Originally from MakerDAO https://ift.tt/3aOvRMO Since everything is not absolutely clear to me yet: Will my CDP be liquidated completely once the liquidation price is reached, or will it just be reduced by 13% (which is the current liquidation penalty) and the rest sent back to my address? Thanks! [link] [comments] Originally from MakerDAO https://ift.tt/3cVA03J It seems like AAVE, Compound, DYDX, etc. and the ethereum environment are benefiting from the stability of dai and using it to innovate. With the dai savings rate, this is all at the cost of MKR holders. I am all for the Facebook approach of not worrying about maximizing profits, and just focusing on wide adoption but with AAVE and Compound mirroring every step Maker takes this is reaching a breaking point. AAVE is utilizing their liquidity pools for flash loans while Maker seems to have no interest in utilizing locked funds. I just anticipate Maker’s market share to continue to dwindle if we do not innovate. It is not enough to just keep adding the options in collateral. AAVE and compound will just copy these moves and provide fractionally better rates. MKR developers are unaffected by this since they stand to gain more money in their other daos ie: MolochDao and MetaCartel. They’re being introduced to the newest tech and getting free coins like META. I am thankful for what Maker has done for ethereum but as a MKR holder I feel like the laughingstock of DEFI. Every other project leaches off of the stability we pay for, meanwhile instantly copying every innovation made so Maker can’t set itself apart. [link] [comments] Originally from MakerDAO https://ift.tt/2U1t8c6 Hi guys, 1) Is 13% liquidation fee calculated towards the debt or the collateral? 2) A CDP will be liquidated at 150% ratio. Then I pay 13% liquidation fee. What happens with the 37% of my collateral left (150% -13% = 37%). Do I get it back? 3) If yes -> as long as I understand, if my CDP gets liquidated, I am only loosing 13% liquidation fee. Because I keep the withdrawn DAI + 37% of the collateral. Example: Collateral = 1 ETH = 200$ Debt = 100 DAI Eth price falls to 150$ and the CDP gets liquidated. I am keeping the 100 DAI. What is the amount of liquidation fee and how much ETH I get back too? It is pretty annoying that basic and simple math like this is not explained anywhere in a structured and convenient way. Let's fill that gap... [link] [comments] Originally from MakerDAO https://ift.tt/2xpKtE1 SportX’s v2 is continuing to drive MakerDAO’s DAI adoption by making it even easier for users to get DAI. We currently have 8 ways to buy. If you know of any other good funding options for DAI please let us know in the comments! ₿ Coinswitch: Convert over 300 different cryptocurrencies into DAI without signing up for any exchanges. Ξ 0x Instant: Convert ETH from your wallet into DAI on SportX in seconds. ? MoonPay: Buy DAI directly on SportX with any major credit/debit card, or Apple Pay. Available in over 40 countries. ? Carbon Money: Buy DAI with credit card, available in most countries. ? PayTrie: Allows users in Canada to buy or sell DAI simply and cheaply (only a 1% fee) with interac e-Transfer. ? BitBuy: Allows BitBuy users to buy or sell DAI with interac e-Transfer or wire transfer directly on SportX. ? BuySellDAI: Allows Canadian’s to buy DAI with interac e-Transfer. ? Ramp: Allows anyone in the Eurozone or UK to buy DAI through their peer-to-peer marketplace with bank transfer. [link] [comments] Originally from MakerDAO https://ift.tt/2W3dhwC DeFi Core is a one-click gateway to DeFi exposure and network participation. https://my.iconomi.com/asset/DEFI Since Ethereum powers the DeFi ecosystem, it represents the biggest weight – which is currently set at 50%. A total of 12.5% is kept in USDC and DAI, which are USD pegged stablecoins that we lend through the Power Mango service in return for up to an 8% yearly interest rate. Five percent of our assets are kept in each of the leading, and some of the most promising Defi projects; Maker, Kyber Network, Kava, Ren Protocol, and 0x. [link] [comments] Originally from MakerDAO https://ift.tt/2TD63NV |
Maker(DAO)Learn more about Maker, chat with the team, and have your say in shaping the future of commerce on the blockchain. Archives |