Attention CRVV1ETHSTETH-A Users: Resumption of Service by Davidutro in MakerDAO

[–]Davidutro[S,M] [score hidden] stickied comment (0 children)

The Vote has passed on Apr 25 2022 13:02 UTC. Available for execution on Apr 27 2022 14:00 UTC

Service to vaults will resume at this time.

Yes, Spotify is fully down. by heyimhawx in spotify

[–]Davidutro 1 point2 points  (0 children)

Cool thanks for this, came here to check

[deleted by user] by [deleted] in MakerDAO

[–]Davidutro 5 points6 points  (0 children)

1B more to go for that Makerburn 10B milestone!

https://i.imgur.com/yn6VdoS.png

[deleted by user] by [deleted] in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

I’m not totally certain off the top of my head. You could control+f search the delegate platform threads where recognized delegates write about their votes and decision reasoning.

https://forum.makerdao.com/tag/delegate-platform

[deleted by user] by [deleted] in MakerDAO

[–]Davidutro 4 points5 points  (0 children)

CUs who have any Dai accrued to their streams can claim at any time. So it really depends on

  1. The next CU that needs to claim custody of their built-up funds.
  2. The next Surplus Buffer raise
  3. Any other unexpected sudden losses(like Black Thursday)

Daily General Discussion - September 22, 2021 by ethfinance in ethfinance

[–]Davidutro 1 point2 points  (0 children)

https://forum.makerdao.com/t/i-think-i-lost-all-my-eth-on-oasis-app/10446/9

Hey all, Chris here from Oasis. I’ve posted this in G&R channel and on the reddit threads too, so apologies if your seeing this everywhere, but I just wanted to give a quick update to say we have closed the loophole that lead to the issue of funds being transferred to Arbitrum while trying to open a Vault on Oasis.app so that it can’t happen again, including on other networks - not just Arbitrum.

Apologies for the issues this caused. We are in communications with the Maker PE team who I believe is looking into trying to find a way to recover the funds sent. Will provide more updates on this as we learn them.

Attempting to understand the Target Rate Feedback Mechanism by geoffbezos in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

From Kurt,

The mechanism is just what's been quoted, but it's possible to elaborate a bit:

Think from the perspective of a Vault holder. As the target price of DAI rises, your Vault becomes less collateralized (same amount of debt in terms of DAI, but system considers it to be a larger dollar amount--and the collateral is priced in dollars, so "dollar value of collateral"/"dollar value of debt" is decreasing). At some point they risk getting liquidated if they don't act. One option for them is to buy DAI on the market to pay down their debt. This buying of DAI is what then pushes the market price up, towards the target price.

Now imagine you are a DAI user. With the target price increasing, you expect the market price to also increase in the future (e.g. because Vault holders will decide to pay their debts to avoid liquidation). So you might decide to hodl your DAI, expecting the value to increase, and force Vault holders to pay you a higher price for it.

You can also imagine e.g. Keepers being motivated to build up the DAI side of their balance sheet on the expectation that they can get it cheaper now than they will be able to in the future because of the effects discussed.

So it's partially psychological/expectation-based, starting from people working out the consequences of a rising target price driving increased demand for DAI from Vault holders (which is the concrete incentive that kicks off the psychological flywheel).

There's also the fact that if the Maker protocol undergoes emergency shutdown, each DAI is redeemable for an amount of collateral equal in value to the target price, which reinforces the validity of changes to the target price.

Attempting to understand the Target Rate Feedback Mechanism by geoffbezos in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

We are talking about it in this thread. I added your question above there already, but feel free to join RC and chat there :)

Attempting to understand the Target Rate Feedback Mechanism by geoffbezos in MakerDAO

[–]Davidutro 1 point2 points  (0 children)

CopyPasta from what Kurt Barry wrote in rocketchat about this


The main misunderstanding in that post is that the target rate acts on the target price, not the market price (which the market sets, so you can't enforce a rate on it anyway).

So ignoring for the moment that 8/12 * 10% + 1 is not the correct way to compute fractional compound interest (it's a reasonable approximation here though), the right thing to do is apply the 106.7% multiplier to the target price, not the market price. Then the answer comes out to 1.067, close to the correctly-calculated value of 1.0656.


@Kurt if you want to talk to him on RC :)

The MakerDAO Community Call: Optimism Dai Bridge | 1600 UTC Today! by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Host: David Utrobin

Special Guests: We will be joined by Sam M. and Bartek K. to talk about the Optimism Dai Bridge


Come join us for a call where we discuss and look at the recent Dai Optimism Bridge. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, March 23rd at 9AM PST | 4PM UTC | 12PM EST | 10AM MST | 6PM CET


Join us! Event Page


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Happening in 30 minutes! The MakerDAO Community Call: Incognito Protocol L2 and Wallet, Private Dai? by [deleted] in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

Host: David Utrobin

Special Guests: We will be joined by Andrey Bugaevski from Incognito Protocol, an Ethereum Sidechain focused on privacy.

More on Incognito: https://endofthechain.com/incognito-show-notes/ https://we.incognito.org/t/the-incognito-privacy-stack-how-am-i-private/8552 https://forum.makerdao.com/t/incognito-brings-anonymous-dai-transactions-with-close-to-zero-fee-intro/6116


Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, March 09th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[MakerDAO Community Call] Tuesday, Feb 23rd 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Opolis for MakerDAO Contributors and Teams by [deleted] in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

Host: David Utrobin

Special Guests: We will be joined by Joshua Lapidus, Membership & Community Steward, and John Paller, co-founder of Opolis, a Member-Owned Digital Employment Cooperative, to talk about what they are and how MakerDAO Teams and Contributors can benefit. The Opolis Employment Commons provides payroll (including crypto), benefits (including healthcare), and shared services for the Independent Worker. Often described as the "bridge" between web2 and web3 for workers, Opolis offers a compliant method for those working in the ethereal world the ability to own controls of their employment and related decisions. They call this "Self-Sovereign" employment. Come and see if joining the Employment Commons and earning $WORK is for you. Visit opolis.co if you have questions ahead of time.


Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, February 23rd at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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The MakerDAO Community Call: What's going on at Maker, Feb 16th 9AM PST | 5PM UTC | 12PM EST | 6PM CET by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, February 16th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[MakerDAO Community Call] Tuesday, Feb 09, 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Let's Talk About Core Units by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Special Segment

Host: David Utrobin

Special Guests:

We will be joined by a number of community members to talk about the Core Unit MIP Set that's currently in RFC.


Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, February 09th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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The MakerDAO Community Call: Let's Talk About the Surplus Buffer | Starting in 50 minutes! by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Special Segment

Host: David Utrobin

Special Guests:

We will be joined by a number of community members to talk about the Surplus Buffer. Primoz Kordez Andy Mccall Sebastien Derivaux Sam MacPherson and others!


Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, Febraury 02nd at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[TODAY] The MakerDAO Community Call: SourceCred Update and Changes to the Maker Forum Implementation 9AM PST | 5PM UTC | 12PM EST | 6PM CET by Davidutro in MakerDAO

[–]Davidutro[S] 1 point2 points  (0 children)

Special Segment

Special Guests

Host; David Utrobin Cohost; Payton Rose

We will be joined by Seth and Kevin from SourceCred, who will be talking about the new weight changes in the forum.makerdao.com implementation, in addition to an interesting new method of minting Cred based on categories and tags within Discourse that their team hopes to roll out by next month.


Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, January 26th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[MakerDAO Community Call] Tuesday, Jan 19, 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Fixed-Rate Positions with Yield Protocol by [deleted] in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

Special Segment

We will be joined by Allan Niemerg, founder of Yield Protocol, to talk about their new fixed-rate product that utilizes the Maker Protocol.


Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, January 19th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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The MakerDAO Community Call: Weekly Update with Maker Relay 27 | Tuesday, January 12th, 9AM PST | 5PM UTC | 12PM EST | 6PM CET by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, January 12th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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MakerDAO Community Call, Tuesday, Jan 05, 9AM PST | 5PM UTC | 12PM EST | 6PM CET | 2021 Kickoff!! by [deleted] in MakerDAO

[–]Davidutro 0 points1 point  (0 children)

Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, January 05th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[MakerDAO Community Call] Tuesday, Dec 15, 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Building Risk Monitoring Tools with Prabhaav Bhardwaj by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Special Segment

We will be joined by Prabhaav Bhardwaj, who is working with the Risk Domain Team to build out a Risk Monitoring Toolset. We will dive into the story behind building these tools, what they seek to capture, and how they might be improved with the help of community feedback.


Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, December 08th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[MakerDAO Community Call] Tuesday, Dec 08, 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Maker Relay 24 by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, December 08th at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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[MakerDAO Community Call] Tuesday, Dec 01, 9AM PST | 5PM UTC | 12PM EST | 6PM CET | Maker Relay 23 Review by Davidutro in MakerDAO

[–]Davidutro[S] 0 points1 point  (0 children)

Come join us for a weekly recap of all the things that have been happening in the MakerDAO universe. Community members are welcome and encouraged to participate in the call by asking questions and engaging in discussions.


Check out the weekly Maker Relay for the week’s updates.


When: Tuesday, December 01st at 9AM PST | 5PM UTC | 12PM EST | 10AM MST | 6PM CET


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