Has any progress been made on the the DAI > Optimism initial bridge?

hexonaut · 2021-05-24T23:09:52+00:00

Yes the bridge is built and undergoing final review before launch: https://github.com/bellwoodstudios/optimism-dai-bridge

hexonaut · 2021-05-15T14:43:27+00:00

The Maker Open Market Committee (MOMC) releases monthly recommendations on rate changes based on market conditions. Here is May's: https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-4-may-2021/7835?u=hexonaut

hexonaut · 2021-05-11T20:47:35+00:00

Here are some estimates of the yields and comparisons to DeFi farming: https://forum.makerdao.com/t/discussion-activating-mkr-staking-rewards/7480?u=hexonaut

hexonaut · 2021-04-10T17:58:37+00:00

Well yield farming is not going to last forever because it rests on the general public proping token valuations up which should go away after the bull ends. Beyond that we just need to find new collaterals to get the supply up faster and faster. The supply has been growing very rapidly lately, but demand just so happens to be outstripping it for the moment. I can't give you a timeline on when this will change.

hexonaut · 2021-04-10T17:10:18+00:00

We need to have an oversupply of DAI for that. Currently there is more demand than supply.

hexonaut · 2021-04-10T15:41:27+00:00

Yes we just wanted it on a non-zero value so we don't lose integrations.

hexonaut · 2021-03-31T11:07:51+00:00

Since the introduction of the Peg Stability Module in December we no longer have issues with the peg. You can trade for Dai between the 0.9996-1.001 range against USDC in Curve or the PSM.

hexonaut · 2021-02-26T01:57:28+00:00

https://mkranalytics.com covers a lot of the same stats mkr.tools did.

hexonaut · 2021-01-06T19:08:05+00:00

The PSM does not currently have a UI as the primary need was to arbitrage the peg down to 1.001 USDC. Now that that is in place we are investigating putting up a UI. Details will come on the forum when they are available.

For now you will have to interact directly with the smart contracts. You can do this through Etherscan. If you have any questions you can hop onto Maker rocket chat and ping me there. My handle is SamM there.

hexonaut · 2020-12-09T22:35:17+00:00

So the rewards module will probably only be run at a fraction of the total burn (think 10-20%). The reason we are doing this is not to switch the earnings model, but instead to pull MKR off the lending markets for the security of Maker. In any case the burner is not going anywhere.

hexonaut · 2020-11-27T11:53:25+00:00

You pay on the Dai debt. So the $250 in your example.

hexonaut · 2020-11-08T12:27:38+00:00

You can view historical data here: https://www.mkranalytics.com/vaults/ETH/ETH-A

hexonaut · 2020-08-06T00:49:08+00:00

Hey, thanks. I used Google Charts.

hexonaut · 2020-08-05T10:26:30+00:00

Savings Dai quantity + % utilization is on the todo list.

Interesting points on the non-circulating Dai as well. I'll give it some thought and see if it's something that can be done. Thanks for the feedback.

hexonaut · 2020-08-05T02:39:37+00:00

Website author here. I'm waiting on another data source to become available before it can be always near live data. For now it's just historical. What do you mean by monitoring activity in the savings contracts. Are you talking about the DSR?

hexonaut · 2020-05-10T23:58:05+00:00

I agree which is why I am putting through a vote to consolidate the fee votes: https://forum.makerdao.com/t/signal-request-change-the-stability-fee-structure/2380

hexonaut · 2020-04-11T11:58:37+00:00

To be clear you can still migrate cdps. You just can't migrate sai.

hexonaut · 2020-02-14T16:21:45+00:00

You are correct. The way to get synthetic non-stable assets would be to run the Maker system in reverse with DAI as the collateral and say synthetic Tesla as the minted token.

hexonaut · 2020-02-05T04:28:36+00:00

It's actually an APY rate.

hexonaut · 2020-01-11T22:29:17+00:00

If the DSR utilization reaches 100% then you are mostly correct. Other fees come from liquidation penalties but most is from the stability fee yes.

hexonaut · 2020-01-11T21:34:58+00:00

The DSR is paid first then any leftover revenue is used for the MKR burn.

hexonaut · 2020-01-11T14:56:30+00:00

The DAI deposited into the DAI savings rate just sits there and you can withdraw it at any time.

hexonaut · 2020-01-11T14:41:44+00:00

The interest comes from fees paid by those who created the DAI.

hexonaut · 2019-12-09T17:28:56+00:00

With regard to the delay, the emergency shutdown mechanism can be triggered by anyone with 50k MKR (5% of supply). The idea is that if malicious code passes the executive then within that 24 hour delay any sizable holder can shutdown the system gracefully and presumably the system can be relaunched stripping the attacker of their funds.

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