[Meeting] MakerDAO Community CallTuesday March 10TH 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Special Guest: Gaby and Jori from Ethichub
Special Gust:Gaby and Jori from Ethichub
EthicHub is crowdlending on peer-to-peer basis for investors and farmers. At the same time we are a marketplace for the handling of purchases of big coffee companies.
Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. We cover Maker Governance, Technical Milestones, Partnerships, New Hires, Highlights from the Community, Real-Life Events, and more. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.
Please add questions in the comments below if you wish to hear them answered or discussed
When: Tuesday, March 10th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET
Dial-In: (US) +1 409-207-0104 PIN: 663 316#
Disclaimer: These calls are recorded and posted on the web.
Originally from MakerDAO https://ift.tt/3aGM2f5
None of the tools above got updated to MCD, though. Where can I find data related to MCD? Thx.
Originally from MakerDAO https://ift.tt/334uIhN
[MCD] Owner of Vault #1845 (ETH-A) is getting liquidated
What do the bolded values above represent? It looked like the vault had > 50 ETH as collateral, so where does the 50 ETH number come from? Also, what is the difference between debt cancelled and remaining? Also, where does the 13% liquidation penalty come into play?
How long are these liquidation auctions? Is this something where a keeper calls a function and that ends it almost instantly? Or do they go on for a while?
Finally, how do MKR holders benefit from this liquidation? Does the 13% liquidation fee get burned?
Originally from MakerDAO https://ift.tt/3cGDZ3H
Right now the savings rate is 8%. What does that mean? Is it 8% on original lock amount or compounded? If I lock in 1000 DAI for one year, will there be 1080 DAI at the end? (Given it stays at 8% during the year)
Originally from MakerDAO https://ift.tt/2TR3LK0
The one stop shop for finding out what’s being discussed by governance right now.
Brought to you by u/LongForWisdom
Three Point Summary
‘What do I need to know as an MKR Holder this week?’
‘What’s going on? You think what?! You’re 100% wrong, and here’s why…’
Should MKR governance get involved with Ethereum hard forks? - *Continuing* In which @cyrus asks to what extent we should get involved in hard forks in general, and ProgPOW in particular.
‘Yo, do you even signal?’
Signal Request: Reduce the frequency of the DSR Spread governance poll - *Concluding shortly* @hexonaut starts a signal thread regarding the voting cadence of the DSR spread vote. Most people seem to be in favour of some increase so far.
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!
‘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!
‘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!
Originally from MakerDAO https://ift.tt/2Is3tEb
Saving DAI on Oasis.app (MakerDAO) - Watch how easy it is to lock your Dai into savings and start earning interest right away.
Maker Holder DAI-gest: Week 10, 2020
Governance Recap March 5, 2020
Maker Holder DAI-gest is a publication by the community, for the community. While trying to remain completely objective, none of the statements or opinions shared here reflect that of the MakerDAO foundation. The best way to stay informed about governance and risk current events is through engagement with the community. This summary may not present all sides of an issue. You are encouraged to seek further information on topics of interest.
Three-Point Governance Summary:
1) Precedent for on-chain polling: No formal signaling process exists for foundation members. How should this be addressed? How should urgent governance issues be addressed which may require immediate action? Are there situations where the signaling process could and should be abbreviated or appended? Community input needed; follow the link to the forum thread.
2) Collateral Risk Model: SOMETHING EVERY GOVERNANCE COMMUNITY MEMBER SHOULD WATCH In the call this week, a presentation is given about the collateral risk model and credit risk modeling for considering new types of collateral. Approving new types of collateral is essential to the growth of the system and is a governance issue. This presentation provides an orientation and road map for handing this off to the community. The presentation can be found at 45:00min into the call. #mustseetv
3) Important debates are coming up weekly but discussion thread in the weekly call lacks continuity. Food for thought / how to handle?
Executive Votes and Polls
Look for an executive vote to open this week that includes some of the Governance Hot Topics and Poll Proposals.
Open: Executive Vote Activate the Debt Ceiling Adjustments and Set the Dai Savings Rate Spread Link
Poll: March 2-5, 2020
Dai Stability Fee Adjustment Winning proposal: 8%
Voters can choose the Dai stability fee to be set anywhere between 4% and 12%.
About the Dai Stability Fee: The MakerDAO system is designed to cover excess outstanding loan amounts that may not be covered by the liquidation of collateral. Although this is highly unlikely, it would most likely result from a situation that is unforeseeable. This fee covers the amount of inflation during the time the loan is made, administrative costs of the Foundation, and a credit guarantee fee for Maker Holders who are acting as guarantors of the loan. This fee covers the risk and the risk of risk being risky.
Poll: March 2-5, 2020
Dai Savings Rate Spread Winning Proposal: 1%
Voters can choose the Dai Savings Rate spread to be set anywhere between 0% and 4%.
About the Dai Savings Rate: When the value of Dai goes too far off track from the $1 set-point, adjusting the savings rate is one mechanism for price correction:
For the voter to decide: A prudent spread for the DSR to be adjusted to be able to respond quickly to the value of Dai going above or below $1. # Intro to Collateral Risk Modeling, Polling Precedence, Sai Security
Poll: March 2-5, 2020
Sai Stability Fee Winning Proposal: 9.5%
Voters can choose the Sai stability fee within a range of 5.5% to 13.5%
About the Sai Stability Fee: The MakerDAO system is designed to cover excess outstanding loan amounts that may not be covered by the liquidation of collateral. Although this is highly unlikely, it would most likely result from a situation that is unforeseeable. This fee covers the amount of inflation during the time the loan is made, administrative costs of the Foundation, and a credit guarantee fee for Maker Holders who are acting as guarantors of the loan. This fee covers the risk and the risk of risk being risky.
Poll: March 2-5, 2020
Adjust DSR Spread Polling Cadence Winning Proposal: YES
Change the polling for DSR from weekly to every other week.
About the DSR Polling Cadence: The MakerDAO platform is intended to be able to take quick action to conditions that increase the risk of loss. DSR is a mechanism to get the value of Dai back on peg to $1 US. There is a debate that one week between adjustments does not give enough time for the effect of DSR adjustments to be realized due to the high frequency. The goal is to get a better understanding of how DSR adjustments affect Dai peg by giving more time to watch data trends.
Governance Hot Topics
Weekly Governance and Risk Meeting, Ep. 76 March 5, 2020
Here is a guide from MakerDAO about becoming involved in Governance. The meeting is held every Thursday, 17:00 UTC, 09:00 PST, 08:00 CST, 06:00 EST, 18:00 CET
Governance and Risk Meeting Community Guide * Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform. * Get info on how to connect by phone or webcam. * Explore meeting archives.
Originally from MakerDAO https://ift.tt/2TscFi9
Rootstock (RSK) as a Bitcoin side-chain is offering the ability to use two way pegged bitcoin (RBTC) in smart contracts that are potentially compatible with Ethereum? RSK has a DAO on it just like MakerDao that plans to use RBTC as collateral for the stable coin they are building out called DOC "Dollar on Chain". If this can be done then we should also be able to offer RBTC as collateral in MCD right>? Do we have plans to work Bitcoin in whatever capacity into MCD at this point in time and if so what are those plans? Anyone with any insight please feel free to chime in, TY!
Originally from MakerDAO https://ift.tt/2PSGgPv
Originally from MakerDAO https://ift.tt/2PVmN0S
Adding an expiration to new executive spells still leaves the old spells. Let’s create an executive spell that casts old executive spells then immediately reverses their changes. I propose we add an on chain vote to validate creating a new executive to do it. I ask that someone else who thinks this should be done post a forum thread asking whether we should disarm one old executive first, disarm them all at once, or leave them armed.
I ask that you comment on how good or bad an idea you think this is.
Originally from MakerDAO https://ift.tt/2PTcCKd
i was nervous about the migration process and everything, and it wasn't super easy to get the pieces right, (obtain maker) then shuffle cryptos around until i got what i needed where i needed. but in the end i was successful. CPD positions with DeFi and crypto are pretty interesting things.
Originally from MakerDAO https://ift.tt/2IluKYL
We'll open the floor for any questions about Scientific Governance and Risk.
Please join us and help shape the future of the MakerDAO.
Originally from MakerDAO https://ift.tt/2TnNltx
I'm having a hard time finding info or understanding how to check my balance without the Oasis web UI. Is there an API call or something I can make for the sake of importing this data in real time to other applications?
Originally from MakerDAO https://ift.tt/2x6DFeh
Hi ... I'm trying to redeem new MKR because I still have the old token. I followed the steps in the google doc and I successfully completed the first step but I can't complete the redeem step.
I put in the redeemer contract address and ABI / JSON interface, access it, then when I do the final step to redeem I keep getting the error: Returned error: gas required ... exceeds allowance (9995088) or always failing transaction.
Can somebody please advise? Thank you so much.
Originally from MakerDAO https://ift.tt/2VEoZ0k
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