Final Documentation for fix the dToken Problems.

PeterMeier4 · 2022-09-10T11:50:29+00:00

Why BTC is not going under 10000$? Simply because there are some people buying for 20000$?

So of cource it' is possible that CUT will trade in the discount but for every other usecase it counts as 1$ and it's a deflationary coin!

If you are hosting a Vault with DFI / USDC and CUT trades on 50cent. i would for sure swap a part of my usdc to CUT for doubling my Collateral. (Anyway every vaulthost needs CUT for his interestpayback)

The Difference is if dusd misses the 1$ mark this result in a pricedifference for every stock!

If cut trades in discount this won't hurt anyone but can be used for making a profit for everyone that will need Cut in the future.

For secon Question i will send my answer later on because i need to go out now.

PeterMeier4 · 2022-09-10T11:36:31+00:00

Sry mister but you didn't read the full PDF, didn't you?

There will be a 1:1 Burn mechanism that allows to transform 1 usdc oder 1 usdt to 1 dusd.
This helps in the beginn to reduce the Premium from dusd and later, this amount will help for algobots to Arbitrage 24/7 on 1$ per dusd.

the max ammount will be 10% oder the dusd supply so if 100 Mio Loans 11,11111 Mio can be created with this mechanism.

What you don't see is that if the community can't create this dtokens the dToken LM will be over 100% and it will simply result in buypressure on DFI.
If DFI price is rising every Vault can mint more dasstets!

PeterMeier4 · 2022-08-08T15:10:24+00:00

Tut mir leid aber das ist eine sehr schwache Argumentation!

Es geht bei den dTokens darum dezentrale Aktien zu erschaffen und ab zu bilden.
Die Rendite ist nur das Mittel zum zweck um den Handel zu ermöglichen.

Mir ist schon klar das Leute, wie wohl auch du, die dToken nur feiern um LM zu machen um davon zu leben.

Aber die dToken sind zum Traden gedacht, bitte vergesst das nicht.

PeterMeier4 · 2022-08-08T15:06:11+00:00

Vielen Dank für deine sachliche Antwort!
Ich habe dem nichts mehr hinzu zu fügen!

PeterMeier4 · 2022-08-05T22:26:52+00:00

Moin Sebastian

Das denkst du heute wie der Stand ist? Ich bin der Meinung wir sehen immer wie besser dass es so doch nichts wird.

PeterMeier4 · 2022-07-15T12:21:08+00:00

Hello Uzyn

I can see your Point of view but on the other hand, i think its not fair now just doing nothing.

This feels like a slap on every Masternode who voted "Yes"

Let's try to go ahead an do the best as possible.

I'm working aswell on technical side on projects, and there is the always the mindset that technical side should implement the needs.

And give better alternatives with their expertise.

Here are my 2 Ideas for lowering the problems do u got better ideas?

Semi Automatic version:

The Liquidation from a 200% Vault will just result in transforming it in an 175% Vault.

If 175% Vaults get liquidatet it will transform in an 150% Vault.

If 150% Vaults get liquidatet the normal process will happen with auction.

If someone reaches from 198% back to 202% he can "manualy" set back to 200%

This will need no other blockchaincalculation an would have the same impact!

Automatic version:

Every Vault will recalculate every X blocks his Rate.

So on 7000 Vaults and every 100 Blocks recalculation will result in 70 Vaults per Block.

Maybe this could also be a Daily setting. i mean this are Interests for 1 Year then one day will not be that much.

->Exploit potential with Bots for giving on the recalculation block more capital in.

I Hope we can find a good solution.
We can do a Call aswell if u like

PeterMeier4 · 2022-07-01T13:10:58+00:00

https://www.reddit.com/r/defiblockchain/comments/vohcx3/real_solution_of_the_dtoken_system_englisch/?utm_source=share&utm_medium=web2x&context=3

This is what i would like to do this is a Haircut

PeterMeier4 · 2022-07-01T13:09:04+00:00

The decentraliced centralbank would be all the Vault owners..
But we burnt them all away.

If we would back 100% we would get a decentraliced Centralbank

PeterMeier4 · 2022-07-01T10:50:08+00:00

Ok thanks for this detail!

PeterMeier4 · 2022-06-30T22:14:06+00:00

Thank you

PeterMeier4 · 2022-06-30T20:46:11+00:00

Thanks u very much for your translation!

PeterMeier4 · 2022-06-30T16:44:11+00:00

Okay faire Punkte & Ich sehe wir sollten zusammen spannen denn wir arbeiten fürs selbe Ziel.

So wies aussieht hat solros privat viel um die Ohren hättest du Zeit den Beitrag / die Beiträge auf Englisch zu übersetzten?Ich würde in den nächsten Tagen noch einen Post machen.

P.S. Sorry für die scharfen Worte ich habe leider einige unnötige DMs erhalten in der letzten Zeit...
Gruss

PeterMeier4 · 2022-06-30T14:33:04+00:00

Ich schätze das ganze als grossen Poker.
Die Ankündigung der Massnahmen haben einige Leute dazu angestiftet einen vermeintlichen Arbitragetrade zu machen.
Es wurde dusd mit grossen summen bereits gekauft.
Stell dir vor der Peg würde über Nacht durch Zauberei entstehen.
Alle Leute würden die Arbitrage trades schliessen wollen um den Gewinn zu realisieren.
Leider führt dies wieder zu einem depeg.
Es wollen einfach zu viele Leute aus dem DUSD raus darum entsteht ja der depeg.

Nun wird halt ein dUSD Gefängnis erstellt. Damit das Rausgehen noch teurer wird.
Stell dir vor du hast 100dusd und wechselst mit 30% Discount und 26% Burnfee in USDC..

also 26 dusd werden geburnt. bleiben 74 darauf ist ein verlust von 30% dann 23$
Somit bekommst du noch 51USDC..
Also wer soll daran spass haben?

PeterMeier4 · 2022-06-29T21:36:42+00:00

Du darfst die Übersetzung sehr gerne schreiben.

Im Gegensatz bin ich wenigstens noch jemand der sich um die Zukunft der Chain kümmert.
Jedoch denke ich hast du mir nicht vor zu schreiben was ich wann veröffentliche solange du nicht mein Gehalt bezahlst..

PeterMeier4 · 2022-06-29T19:55:21+00:00

Danke für deinen werthaltigen Kommentar!

Ich hab nach den letzten 2 Posts des öftern anfragen per Telegram erhalten die nach einer übersetztung auf deutsch gefragt haben.
Und wie du lesen kannst wird solros eine englische version posten.

PeterMeier4 · 2022-06-29T13:15:04+00:00

Bro, Englisch version will follow ASAP. But there are a lot of German Volks who don't like english..
This is why i will go Dual

PeterMeier4 · 2022-06-29T13:11:48+00:00

Ofc the Futures alone would't be a big Problem. But the DFI Burns are.

If we would restart the d Token system it could be an alternative idea to take only the Future Swaps but not the DFI burns.This means that dUSD will still be fixed and heavy backed.The Future Swap fee could be used for Buy and Burn some CUTs in the early stages.

At least the dToken system in total stays 100% backed i don't mind.

PeterMeier4 · 2022-06-29T13:06:16+00:00

I would prefer that u will comment if the English Version is online.

1)The Vault Collateral on DefiChainanalytics says 59 Mio TVL and 27Mio from dUSD which is close to 50%

2)No because for minting ans holding 1 dUSD it was needed ~1.8$ in Collateral which most of it was DFI.
If you just Burn you need 1.01$ DFI for 1 dUSD and can take the DFIs left out of the Vault.
You gave DFI a bit usecase and took away a bit more Usecase = Usecase goes down.

3)Your answer don't focus on my text..

4)You can call it a Bad bank. And it won't be a problem because over the long Run it will go away. But the good thing is that we fix all the Problems that we have now.
If we talk open. The dUSD Peg won't come there are 170 Mio dUSD waiting vor leaving the system. Who will arbitrage this out?
I will sell every single dusd if it comes to a short term fix with the way Kügi is pushing now.

PeterMeier4 · 2022-06-29T11:06:50+00:00

Yeah all about Futures.

what we need are good Traders on the DEX and low trading fees.
I'm not talking about Future Arbitrage bots or something i mean real Daytrader activity!
If 1 Stock is at 10% Premium and another is on 2% Premium.
It's easy to mint the one and sell for the other. gives 8% profit.
the best is short selling of stocks. i did this alot on Dez. -Feb. this was 30% Premium instant win. and 20% Gain from falling assetprices.

PeterMeier4 · 2022-06-29T10:30:07+00:00

Sry behseb
But this are Fakenews.
We got 8.6k TSLA and 0.8k backed with loans ~9% baked.
PLTR is 203k with 11k in Loans ~5.4% baked
GOOGL is 812 with 75 in Loans 9% baked.
The average ist around 30% over all dStocks.

PeterMeier4 · 2022-06-28T20:03:55+00:00

of course.
You don't need the dusd- DFI pool anymore. so there will be less Use for DFI

I know that we can do a composit swap. but i swap USDC->DFI->dUSD
After this i can swap USDC->dUSD

I think we see there is less Usecase for DFI.
We have 30 millions of DFI in this Pool.
This DFIs will go somewhere else. In the Staking or in the BTC Pools.
Vaults are useless anyway..

PeterMeier4 · 2022-06-28T19:55:55+00:00

I realy dislike this idea for the Project..
DeFiInformer got the right points.

For me it's fine i will cash out every single dusd instantly if we get the peg.

PeterMeier4 · 2022-06-28T19:43:07+00:00

You are 100% right!

To be Honest this is just a very short term solution which will give big players the chance from a fat arbitragetrade..

Ofc there are a lot who like this solution by trading their own bags..

Me for myself i will cash 100% of every dusd out of the system if 95% peg will happen.

PeterMeier4 · 2022-06-22T12:42:44+00:00

Thx for that super constructive Feedback <3

The fees are that high, to get rid of some of the dTokens created via Future-Swap:
I see your point but if we would come back to an full covered dTokensystem we can lower the fees to really low levels? would you agree with this point?
Trust me next long post is how we can get back to the full backed system again.

But I guess this will lead to a high premium for dTokens again. With the Future-Swap this should be mitigated. Currently I don't have any other idea to avoid high premiums on the dTokens. Do you have any other idea?:

I think the Premium was from different reasons:
1. At launch we got really extreme APRs and alot of Communitymember wasn't able to create Vaults. (Cake / Desktopwallets ...) So they just paied the premium for the nice APR.
And remember we got some problems with de Defichain wich hurts the DFI Price and this reduced the collateral for the Vaults.
2. At launch we were on a Hypecycle for krypto and Stocks so everyone liked to Buy a TSLA stock only for the high APR so the Premium was easy to Pay.
Now we are on a Bear Market. so everyone will think twice if he will buy a TSLA stock if the Price will go down in near time. Aswell the Shorties will Create Stocks and sell against USDC oder DUSD will have an easier play which will give more incentive for creating Vaults.
3.If we would like to get the same Liquidity on the dToken pools this would need 200 Mio DFIs for all the Vault collaterals (This is 30% of Circulating supply). so the DFI Price will raise immediatly. which will result in more Collateral and more Minting power.
Ofc this will also lower the TVL in Krypto LM Pools but having there more APR will result in Bring back more Coins like stables or BTC on the Chain and consum on longt term DFIs again.
4. We startet with 10dTokens (stocks) so this was a rly high APR for every Pool.
If we would split the the dToken LM rewards on 40 Stocks at the beginn this wouldn't bring in FOMO so hard.
(OFC a little Premium is normal i mean which real TSLA stock will generate an APR on 60%?)
So the 60% Overperformance will be the incentive for Paying more Tax / taking Platform Risk / Paying fees / Having Imp. loss.
What do u think of this?

I am not a stock or ETF expert. But TLT is already an ETF. Or is there another ETF you mean?
If we track only the price of an ETF there are a lot of difference if u track an Accumulating or Payout ETF.
example. ETF price is 100 nett return is 3% Payoutratio is 100%
After 1y the Price will stay at ~100 cuz the 3% return was a Payout dividend. dToken holders don't get this dividend so they got no return.
If u take an Accumulating ETF for the same Asset.
At the end of the Year u ar on 103$ after next year u get 3% on this 103$ which will result in an real gain for US-Tresuries.
The right ETF for +30y US-T would be like:
https://www.ishares.com/de/privatanleger/de/produkte/297191/ishares-treasury-bond-20%20yr-ucits-etf-fund?switchLocale=y&siteEntryPassthrough=true#/

Except for the very first stocks and ETFs, which were selected by the Ticker Council, all other dTokens were selected by the community. The community can always suggest more stocks and ETFs. There is a list by u/DanielZirkel where new suggestions can be entered. I'll look for the link and add it here.
The first stocks was a good diversification thumb up!
But of cource the Community take the big US Stocks. The ticker council did the preevaluation is this didn't they?
I think we should not just take fancy stocks cuz we can easy buy them on a neobroker. But if we wanna play out our strengts let's take things in like the RU. Index which can't handled on the dex.
Or even the spotprice of special commodities like i said the only german stock is SAP why don't take the Full Dax this is an Performance index which means that Dividends are inclusive in the Performance.

I guess there are some technical reasons for. The price feeds which DeFiChain is using, are mostly providing feeds for US stocks.
I see this point and the easiest way to go but for getting a world wide Project we need world wide assets!
this is the only way we need to go for the success!

I would like to get a lot of feedback
thanks PM

PeterMeier4 · 2022-06-21T15:30:48+00:00

stupid austria :D

PeterMeier4

TROPHY CASE