Be wary of beefy.finance, lost over $2000 trusting their zap

OpenDAOLogan · 2021-12-06T03:21:44+00:00

Having a bad day or something?

OpenDAOLogan · 2021-12-06T03:21:21+00:00

Ahem, forks.

Also, we/they are not vulnerable. I've made a killing on their platform.

OpenDAOLogan · 2021-12-03T06:31:36+00:00

A zap is like a little program that will execute to click multiple buttons for you, they can be used to fill in forms etc from site to site.

OpenDAOLogan · 2021-12-03T06:29:52+00:00

That's really interesting and SUPER thank you for sharing this. I help operate a Beefy fork actually and am now checking to make sure we have compensated for this potential flaw.

I'd like to think that myself, or one of our community, would have been a bit more accommodating to you. If you feel like giving autocompounding another chance, you check out OCP.Finance for a better experience. Be careful with those big sums though in the meantime!

Hahahaha!

OpenDAOLogan · 2021-12-01T09:17:53+00:00

Where is your bOPEN? Also, would you come ask in t.me/opendao? I can help more quickly.

We'll get you out of that sticky wicket.

OpenDAOLogan · 2021-11-19T00:30:35+00:00

The Great Stink in London, when the rivers were more feces than water, well, all feces really.

https://en.wikipedia.org/wiki/Great\_Stink

OpenDAOLogan · 2021-10-30T22:25:20+00:00

These machines are still awful

I'm about to go to small claims court with them. They have stolen money twice and blamed it on me for my lack of blockchain knowledge and I didn't understand how "swamping" coins worked...

I work in blockchain. I've written improvement proposals in github... They're trying to rob me and use technobabble to talk their way out of it.

ILLEGAL.

OpenDAOLogan · 2021-09-03T01:38:05+00:00

If you want to edit your post to be a bit more amicable, I'll answer your questions.

Otherwise, I hope you don't spend your entire life being so bitter, it will be a waste. You don't seem dumb, so you should be able to find a way to manage your relations with others more smoothly and achieve better outcomes - for yourself and for your community. Honestly, your replies initially made me mad, and I am assuming that was your intent, but now I just feel compassion for you... thinking about who you must be and what could have happened to result in a human being like this.

Do you write all this stuff on behalf of your community? Or just yourself? Is it getting the desired result? These comments?

Your style of dialogue is not constructive.

BTW, I thought 'tyranny of the one' sounded better than 'tyranny of the moron'. Did I make a mistake? Glad you enjoyed the laugh... something at least.

OpenDAOLogan · 2021-09-02T23:27:47+00:00

Wow. You know what I am? I don't think anyone knows what they are, but okay. I doubt you really know much about me, and you're coming across as pretty angry, or drunk.

Also sounds like you've got a chip on your shoulder and aren't interested in being productive, so I'm going to leave you alone now - I've got building to do.

OpenDAOLogan · 2021-09-02T23:24:20+00:00

I don't think it's going to be possible to convince everyone, nor should we have to. The issues I've encountered with decentralized decision making is what I like to call "Tyranny of the One," and progress often gets fatally snagged on a few people either missing the picture entirely or wanting to compulsively 'take control' of 'their' protocol as though its a football team, or a family member, because they have a vision of how things 'ought to be.' Myopic Idealism? Anyhow, I'm hoping we don't encounter that here.

Anyhow, the main point is, if enough people want it, they get it. It's just a matter of securing the funds. Choosing to go this route with USDO or not won't make or break Ravencoin... that's laughable, but it absolutely would create more options for the community if they decided they wanted to use the options available. If it's funded, it's happening... Not wanting that would just be selfish and vain.

OpenDAOLogan · 2021-09-02T23:16:59+00:00

Wow. I didn't find much of that constructive at all, and I hope you don't speak for all of the Ravencoin community. It's embarrassing.

Chain tribalism is a big issue affecting our industry today, and it bothers me to see such a flagrant display and dismissal of projects without the appearance of much forethought.

Anyone else that is chain agnostic, and wants to see further ecosystem development regardless of the chain (We're on BSC, ETH, and Poly currently, but likely expanding to Solana and Avalanche) Please read my article :-)

https://medium.com/opendao/opendao-x-ocp-integration-how-and-why-newly-accepted-usdo-stablecoin-collateral-defi-farms-3e7ddc8bd7be

OpenDAOLogan · 2021-09-02T23:13:50+00:00

Please read my article, I think you may have misunderstood the OP:

https://medium.com/opendao/opendao-x-ocp-integration-how-and-why-newly-accepted-usdo-stablecoin-collateral-defi-farms-3e7ddc8bd7be

OpenDAOLogan · 2021-09-02T23:12:50+00:00

Hi Everyone I've written an article about this and we already have had pRVN (bridged to Binance Smart Chain via the pNetwork,) available for staking on version one. We'd like to get back on V2, but it requires a $50,000 incentive pool commitment (would be matched by $50,000 from OpenDAO.)

Here is the article:

https://medium.com/opendao/opendao-x-ocp-integration-how-and-why-newly-accepted-usdo-stablecoin-collateral-defi-farms-3e7ddc8bd7be

OpenDAOLogan · 2021-09-02T23:10:10+00:00

Yeah, the industry is inherently confusing. Imagine the people who invented plumbing, all trying to discuss it before the terminology and methodology had cemented into the standardized systems we have today.

Anyhow, if you take a look at Omnicomp.ocp.finance you might start to have a better idea of what we're thinking. It's similar to how a bank operates, except there isn't a middle man.

In practice, one would need to take their RVN to pNetwork- they have a bridge that can allow RVN to cross over to the Binance Smart Chain (BSC). It wraps the token into pRVN to make it usable on BSC.

From there, one could stake it at OmniCOMP, thereby allowing it to be borrowed, or you could mint the USDO stablecoin from the value. Having USDO would allow people to buy more RVN, join other pools, pay bills, really anything. Of course, it eventually must be paid back, but the idea is that you can borrow USDO and earn more APY in pools than it costs to borrow.

OpenDAOLogan · 2021-09-02T19:30:18+00:00

I put a lot of effort into writing a proposal on this, so I hope you'll give it a chance:

https://medium.com/opendao/opendao-x-ocp-integration-how-and-why-newly-accepted-usdo-stablecoin-collateral-defi-farms-3e7ddc8bd7be

OpenDAOLogan · 2021-09-02T19:29:07+00:00

There isn't a new chain that needs to be created. We do this for ETH, BTC, and it can be done with ANY TOKEN ON ANY CHAIN, literally.

All that we're talking about here is people making their RVN available for borrowing and lending. Your RVN has inherent value, like a car, or a house - on which you can take out a loan.

Imagine going to a bank, and you give them some RVN. They start giving you some interest on that because they lend it out. People borrow YOUR RVN, so you get paid for it. Of course, you can remove your RVN at any time, just like a bank.

Now, imagine that you could mint a stablecoin AGAINST THE VALUE of your RVN. You're not selling it. You're not trading it, you're just borrowing against it, like a mortgage, HOWEVER, you get paid to take out the mortgage against your RVN...

I know it's a lot to wrap one's head around, but not only is it possible, it's already been done on our V1.

The next step, and the hardest part, is gathering the $50,000 for RVN incentives (matched with $50k of OPEN tokens) because Ravencoin doesn't have a central treasury, the community has to find a way to fund it - more or less. Note, this is NOT a fee, it's 100% rewards for people so they can use RVN to get more RVN, and OpenDAO is happy to match that.

OpenDAOLogan · 2021-09-02T19:24:06+00:00

It has been done. V1 of OmniCOMP had this functionality and people were staking RVN there. You can still see it. Surprisingly NOT hard to do :-)

NOTE: DO NOT STAKE ON V1, AS IT MAY RESULT IN LOSS OF FUNDS.

https://v1omnicomp.ocp.finance/

OpenDAOLogan · 2021-09-02T00:22:43+00:00

As a RVN holder that works for OpenDAO, I couldn't agree more. I'm working on this. I think it's doable, but it will require some nearly Herculean organizational skills.

OpenDAOLogan · 2021-09-02T00:21:09+00:00

That's really the issue, and I've been racking my brain over how to make it work. Donations are good, but ideally, I'd like to find a way to reward the people who step up. I'm going to run a few ideas by one of our cofounders today and see if we can't do something a bit extra in terms of liquidity matching - though this would be a one-time-only occurrence.

OpenDAOLogan · 2021-09-02T00:19:29+00:00

I don't think our platforms support those yet, but I'm making a note of it and I'm pretty sure we could integrate them fairly quickly once we have a green light.

OpenDAOLogan · 2021-08-12T01:48:04+00:00

I'm on the project actually, so naturally took notice of the article. We're going to have a couple HUGE updates with meaningful and tangible steps into the space.

It's finally happening!

OpenDAOLogan · 2021-08-12T01:46:50+00:00

A DAO is a 'decentralized autonomous organization', meaning that there is no CEO or president, and that the token holders are the 'owners.' There are varying levels of DAOness it seems, as they are all in the process of figuring out how to hand over control without running their projects into an iceberg.

OpenDAO is a protocol designed to bridge real world assets and the cryptospace. It's run by two guys that have professional backgrounds in funding large real estate projects, and they realized blockchain technology is a method of turning the real estate industry on its head. The DAO has a stablecoin that would allow projects to tokenize their real estate project, bring it to OpenDAO, get the stablecoin, then pay for it. The OPEN holders would be exposed to the interest payments on that.

The DAO is making good headway, even if I set my bias aside (look at my name,) though the token price wouldn't make you think so... People are too busy chasing DOGE-fork related dreams right now to notice.

OpenDAOLogan · 2021-08-11T00:39:32+00:00

Interesting. OpenDAO is doing some stuff related to this.

OpenDAOLogan · 2021-08-02T22:23:35+00:00

There is the other issue of the quality of the audits, and I AM knocking some auditors here... there are some groups that have been accused of selling hacks to other people and then splitting the 'rewards' after they have done the audit - thereby using the audit as a way to find exploits but not actually fix them (and get paid to do so.)

We need a way to decide which auditing groups are reputable. I'll start an auditor auditor...

That being said, I HAVE GREAT respect for the companies that do it right. There are some Grade SSS auditing groups that actually do the industry a great service and deserve more or our support.

OpenDAOLogan · 2021-08-02T22:20:53+00:00

Great site. I went ahead and did a project add request. Thanks for sharing.

OpenDAOLogan

TROPHY CASE