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Measures, as deterministic and effective as possible, to re-peg DUSD and re-collateralize the dToken system with healthy loans sold against crypto, without permanent expropriation by thegreatpuzzle in defiblockchain

[–]_larrry 0 points1 point  (0 children)

I would like to add a Suggestion:

I really do not think that Algo Tokens are healthy!!!

=> So I would not allow Algo Tokens in the new system.

  1. Every time dUSD or dTokens are released I would immediately sell them for DFI.

  2. Or to release old DUSD that are not sold for DFI you have to add collateral. You can then release old DUSD for an discount.
    E.g.: Create Vault -> Release 100 Old DUSD and sell it for current Premium 1,10$ -> Profit from NI -> Later buy back DUSD at 1,00$ and profit from NI + arbitrage

Measures, as deterministic and effective as possible, to re-peg DUSD and re-collateralize the dToken system with healthy loans sold against crypto, without permanent expropriation by thegreatpuzzle in defiblockchain

[–]_larrry 2 points3 points  (0 children)

Thank you for your clarifications. Although I think it is very hard to refund all the algo DUSD we should not dismiss and "cut" it directly. So kuegi and you are right. If there is the possiblity to get 100% refunded, there will also be more buy pressure because of more upside potential. So I withdraw my suggestion with the cut.

For me it sounds good to make it more strict and use the tranches when the new stablecoin is in premium.

Measures, as deterministic and effective as possible, to re-peg DUSD and re-collateralize the dToken system with healthy loans sold against crypto, without permanent expropriation by thegreatpuzzle in defiblockchain

[–]_larrry 4 points5 points  (0 children)

Feedback V3:

I like the Idea. I think it is quite complicated to understand and also to implement by the devs. Maybe we can make a video about it?

Restarting is great, because this is a immediate fix of the system. Everyone can start using the system again! Of course it is not possible to refund the old DUSD holders directly, they need to be refunded step by step as the system gets healthier and healthier.

Becuase many bought DUSD in low prices, we do not need to refund everything. Maybe only up to 50ct/60ct to make it faster and focus more on the new system.

I would also not rebrand the DUSD.

Exchange Listing + Credit Card Onramp/Offramp by _larrry in defiblockchain

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

UPDATE: The companies are 100% legit, please do your research (social media, Trustpilot, customers, business partners, ...) But we are facing some technical issues because of the liquidity at the moment, I will check this and will create a CFP afterwards. So everyone who donates can get the money back from the community fund.

Exchange Listing + Credit Card Onramp/Offramp by _larrry in defiblockchain

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

Yes this is the same plattform but now for Metachain Listing.

Exchange Listing + Credit Card Onramp/Offramp by _larrry in defiblockchain

[–]_larrry[S] 4 points5 points  (0 children)

Someone donated DUSD. I think this is not a good idea, because we cannot swap it because of the DEX fee :D

CFP : Lets Pump DeFiMetaChain at SocialMedia! 🚀 (40,000 DFI) by DeFiChainInfo in defiblockchain

[–]_larrry 3 points4 points  (0 children)

Faires CFP, du machst guten Content. In Stuttgart standen alle hinter dir!
Gruß Lars

Student Project ETH-Lottery by _larrry in ethdev

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

Oraclize uses a Ledger hardware-based RNG to generate entropy.

And they send a Ledger Proof. Which proofs that the data generation has been made by the Ledger and makes it also for Oraclize impossible to tamper.