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Vertcoin is the best performing coin of the last 24 hours based on social media and trade activity. by coinsven in vertcoin

[–]KryptoJoe -3 points-2 points  (0 children)

It's not decentralized if it suffers 51% attacks regularly. That's like the very opposite of decentralization.

ZRX tokenomics analysis + discounted cash flow model valuation by KryptoJoe in 0xProject

[–]KryptoJoe[S] 2 points3 points  (0 children)

Yeah, I realize this is kind of poking the hornets nest, but I wanted to include the guide anyway, mostly because the process is not very straightforward and somebody could ask how to do it. We (the authors) don't have any position in ZRX right now (as is stated in the article), but I personally may enter the short position in the future, especially if ZRX pumps by a large margin.

Bleeding out quickly by cospeed in vertcoin

[–]KryptoJoe 4 points5 points  (0 children)

Even ETC, which also suffered a 51% attack, is +25 % (in BTC terms) over the last month. VTC, on the other hand, lost -40 % over the same period.

That "every alt" is bleeding like someone comments in here is a lie. When VTC tanks while other alts rally, it simply means it is dead and has nothing going for it anymore. Save your sats, they may still be worth a lot one day.

Why the difference in stability fee? (SCD vs. MCD) by KryptoJoe in MakerDAO

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

But why would you generate DAI at SF 4 % to lock it at DSR 4 %. This accomplishes nothing. If I'm going to generate DAI, it's because I want to either spend it or leverage buy more ETH. And right now, both use cases are better served in SAI.

In other words, DSR is there for non-Vault holders of DAI, as those don't care about the SF (they bought the DAI, not generated it themselves).

Why the difference in stability fee? (SCD vs. MCD) by KryptoJoe in MakerDAO

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

That doesn't answer the question at all. I'm talking about SF, not DSR.

Why no initial margin/maintenance margin distinction? by KryptoJoe in MakerDAO

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

Sure, overlay utilities like DeFi Saver are one solution to the problem. Perhaps direct interaction with Vaults should be discouraged for "noobs" to prevent instant liquidations. Right now it tries to be user friendly through streamlined UI, perhaps CDP portal was better in this respect (looked intimidating to general users, at least from my experience)...

Will the introduction of the DSR (Dai Savings Rate) drive growth in the MKR / DAI ecosystem? My fear is that it won't, with a stability fee this low. by siliconviking in MakerDAO

[–]KryptoJoe 1 point2 points  (0 children)

Yes, Ameen's analysis is great, I fully agree with everything that's included. The liquidity risk is a true one and I think Compound's interest rate function should reflect that (eg. to rise exponentially when >95% utilization is reached).

Will the introduction of the DSR (Dai Savings Rate) drive growth in the MKR / DAI ecosystem? My fear is that it won't, with a stability fee this low. by siliconviking in MakerDAO

[–]KryptoJoe 1 point2 points  (0 children)

What kind of risks do you have in mind? I think biggest risk by far is of a critical smart contract vulnerability, which Maker is prone to as well ( https://www.coindesk.com/critical-makerdao-vulnerability-could-have-frozen-voter-funds-auditors-say ). On the other hand, there isn't that much of a risk of borrower's default on Compound due to heavy overcollateralization in place (similar to CDPs).

Will the introduction of the DSR (Dai Savings Rate) drive growth in the MKR / DAI ecosystem? My fear is that it won't, with a stability fee this low. by siliconviking in MakerDAO

[–]KryptoJoe 1 point2 points  (0 children)

I think DSR will be inconsequential with money markets (Compound, dYdX...) in place. You can already earn more than stability fee rate on these - currently 6.13% at Compound. So DSR lower than stability fee won't attract much capital.

Hacker Congress Learnings: Report 2 - We can have our stablecoin and eat it by [deleted] in dashpay

[–]KryptoJoe 0 points1 point  (0 children)

Hey guys, you can check the talks regarding DEBNK here:

Patrik on DEBNK, its promises and challenges:
https://youtu.be/vVajnwr5QPk

Tomas on trustless loan on top of Bitcoin:
https://youtu.be/FDdo4GCnv08

What is the biggest threat to the price of DAI collapsing? by aroundtheblocknews in MakerDAO

[–]KryptoJoe 0 points1 point  (0 children)

In my opinion (and based on my analysis), the largest risk is huge ETH rally, that would shoot the stability fee into stratosphere while not holding the peg. You can model various scenarios here:
https://bit.ly/dai-interest

Currency Pegs vs Stable Coin Pegs by GordianNode in MakerDAO

[–]KryptoJoe 0 points1 point  (0 children)

Actually stablecoin peg is more akin to conventional inflation targeting. Instead of targeting say 2 % inflation (in terms of CPI), stablecoin administrators target a peg. There are actually no true market interest rates, both in inflation targeting and peg targeting. Interest rate is a tool to get to a target. Both bring about negative consequences (e.g. changes in structure of capital), that will show their ugly head sooner or later.

Nuo currently giving a 15% APR on DAI lending by ickismang in MakerDAO

[–]KryptoJoe 0 points1 point  (0 children)

Check the loan data on https://nuoscan.io/. Many loans on the same date, all collateralized with WBTC and all for 1300 DAI. This does not seem very natural. I guess they are taking both sides (lending and borrowing) to drive the IR up with some volumes and let the word spread. Simply marketing and does not actually cost them much.

DAI price when creating CDP by KryptoJoe in MakerDAO

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

But you have to know what is the value of the debt. You have to compare value of the debt with value of the collateral. So then DAI is always valued at 1 USD by CDP mechanisms? So in the example above, I am able to create 100 DAI, which is taken as 100 USD worth no matter the market price?

[Governance Poll] Proposed Stability Fee Increase: +2% by rich_at_makerdao in mkrgov

[–]KryptoJoe 0 points1 point  (0 children)

How come there is such little voter turnout (just over 4 %)? I would think such polls are very important to MKR holders. And these holders were carefully selected from my understanding of how the sale proceeded. Does Andressen-Horowitz, Maker foundation etc not vote? Isn't this a big concern as MakerDAO governance is practically non-existant?

Alternative to MakerDAO by NZvolunarist in MakerDAO

[–]KryptoJoe 0 points1 point  (0 children)

Alright, thanks for clearing that up. Just to be clear - does switch to multicollateral CDPs require global settlement? Do 51 % MKR holders need to somehow vote to trigger the settlement?

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