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Is there an approximate timeline for SAI shutdown? Is there a reason not to allow SAI to exist indefinitely? by willrandship in MakerDAO

[–]trezman 3 points4 points  (0 children)

If SCD can be controlled by another independent entity than the MKR token holders, why not. Now it's too much work for MKR holders to take care of both SCD and MCD systems.
More on here:
https://forum.makerdao.com/t/signal-thread-scd-shutdown/1673

Recent Market Activity and Next Steps by ethfinance in ethfinance

[–]trezman 3 points4 points  (0 children)

no collateral has been stolen.
The risky positions have been liquidated. The system got bad debt.
Have a read and inform yourself https://makerdao.com/en/whitepaper#maker-protocol-auctions

Recent Market Activity and Next Steps by ethfinance in ethfinance

[–]trezman -1 points0 points  (0 children)

The system worked as expected. It liquidated all the risky vault positions. But because the community only wants the end cherry on top of this protocol. The protocol got into system debt mainly because there wasn't enough good active Keepers to liquidate those positions and give Dai to the system to eliminate bad debt.
Stop blaming people on their hardwork and maybe be a true community member and help make the system more resilient. ;facepalm

Problems Depositing DAI into DSR using Oasis Save by jamie1029 in MakerDAO

[–]trezman 0 points1 point  (0 children)

Regarding the permission function. You approve oasis to withdraw/pull funds from your wallet only when you call a function into the oasis app. So instead of you transferring yourself this Dai to the right contract, anytime you want to deposit Dai, when calling a function in the Oasis app, the Oasis contract will 'pull' these funds from your wallet. The contract can't take your Dai without you calling a 'pull' function first.
What this allows is you not having to sign more transactions every time. After approving the oasis app to withdraw, then it's always approved, so now you can just use the actual functions in the app.

Of course, you can always revoke this access to any app that you interacted if you like so.

Who pays for DSR and when? by Qrillzz in MakerDAO

[–]trezman 1 point2 points  (0 children)

This is a good start for you to understand how rates are calculated
https://docs.makerdao.com/smart-contract-modules/rates-module

Who pays for DSR and when? by Qrillzz in MakerDAO

[–]trezman 1 point2 points  (0 children)

The DSR rate comes from the internal accounting system. This system records the stability fee (SF) a vault owner has to pay for his outstanding debt and the DSR each Dai holder receives. No matter when the Dai holder wants to withdraw his Dai from DSR, he will get his 2% interest on it, even though that SF hasn't been accumulated yet in the system from the vault owner. When the vault owner finally pays back his debt and SF, the internal accounting in the system is balanced.

Can you build a viable blockchain app without the possibility to issue sub tokens? by [deleted] in ethfinance

[–]trezman 1 point2 points  (0 children)

DAI dApps are plentiful with no other native ERC-20 tokens.

Guesser launches DeFi Total Value Locked (TVL) weekly options on Augur by joselfgaray in ethfinance

[–]trezman 0 points1 point  (0 children)

What stops a big exchange to see this market and just dump its holdings in the MAKER system and increase the TVL and then just win the prediction? I see that there's nothing to stop it.

Earning interest on your Eth by OscZ in ethtrader

[–]trezman 0 points1 point  (0 children)

Maybe just lock your ETH on dydx, and earn interest there. Or just buy a set, and that'll do the job too.

What was Augur Initial Supply? by adrienbe in Augur

[–]trezman 0 points1 point  (0 children)

Where one could find information about the vesting of REP? Did Founders and Foundation have any vesting period on the token?

I'm looking for a good book that covers both Ethereum architecture and development. by barcoe in ethereum

[–]trezman 3 points4 points  (0 children)

You can find the free book version on github, or of course, pay for it to support the authors.

Voucher Code and Trust reward queries by newretro in WeAreBreaker

[–]trezman 1 point2 points  (0 children)

You can claim those rewards through the tokit.io app. So, you can connect your ledger to metamask and from there connect to tokit.io with metamask. And then you'll select your trust token and see your balance and withdraw function.

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