MusaTheRedGuard

Disclaimer: I'm just a community member trying to be helpful, this isn’t an official statement from the Maker Foundation, all this is at your own risk, not financial advice, etc, etc

What's happening?

• MKR governance has decided to shut down Single Collateral DAI.

• This is the version of the Dai Stablecoin System that had CDPs and ETH only collateral.

Why is this happening?

• There are various liquidation and stability issues within SCD that came dangerously close to causing major breakdowns in SCD, especially during the crash of March 12th.

• More detailed explanation [here](https://old.reddit.

Remember 2019?

The 2019 mini bull run had started, and there were very few incentives to hold DAI.

So DAI went off peg and started trading between 0.96 and 0.98.

In response, MKR holders made an extremely unpopular decision(at the time) and raised stability fee all the way to 20.5% from less than 1% a few months earlier.

Of course, many in the community were upset and some lost faith in the system(i'm not insulting the people who made these posts, this was consensus at the time):

https://old.reddit.com/r/MakerDAO/comments/b757lw/peg_off_to_96_again/

https://old.reddit.com/r/MakerDAO/comments/bbq3ra/why_erode_the_maker_narrative_unnecessarily/

https://old.reddit.com/r/ethtrader

Request for feature: a filter that shows newly created markets under exploreaugur.com/markets

Had some thoughts about what MKR staking would look like.

The point of staking would be to programmatically ensure that holders act as insurers when the system is undercollateralized.

MKR holders would stake their MKR in a pool and only Stakers would be privileged to vote and would provide insurance capital during a downturn.

Unsure what the stake period should be, but Stakers should not be allowed to withdraw their MKR during this period or they suffer a steep penalty. E.g Slashing their MKR stake and burning the excess.

Because of all this risk they are taking, Stakers should be incentivized much more than speculators(who have the optionality of selling during a downturn).

I

In response to the question of holder front running posed earlier, I've thought of a potential solution.

Disclaimer: this an extremely rough draft of some ideas I've been mulling. Nothing here is official. The Maker team may already have better solutions.

The OP of the previous thread posed this issue:

In fact, if anything MKR holders are more likely to be detrimental to the process: As soon as a rational MKR holder sees the system moving close to a point where this is going to be the case, the rational thing for every MKR holder to do is to sell their MKR before new MKR is min

Uniswap and Kyber are currently collaborating but the team must be aware that long term, the interests of Uniswap and Kyber are completely opposed.

Liquidity is a winner take all market if features are the same. Uniswap has much more liquidity at the moment for a number of key tokens.

Any thoughts on this?

Can someone walk me through the game theory of the Congress market dispute?

A fork is 100% a lose-lose situation. Price of REP tanks, no question. The credibility of the Augur platform takes a hit. I'm sure everyone here can imagine the breakermag, or decrypt media or forbes headline.

If I was someone who wanted to tank a high profile crypto project and make some money in the process, say, a hedge fund known for making well timed shorts or simply a BTC maximalist, here's what I would do.

I start a highly leveraged short REP position(s/o to illegal naked shorting) and separately borrow enough REP OTC. Then dispute high profile markets till something hits and I get an ambiguous enough marke

EDIT: Posted on medium as well, better formatting

BAT is not Brave An evaluation of the Basic Attention Token

Overview

The Brave browser is one of the few success stories of this crypto market cycle. The ad blocking, wallet enabled browser has only gotten better and better as time passes and it's now almost up to feature parity with major players like Chrome and Firefox.

Prominent influencers such as angel investor Naval Ravikant claim to use it as their primary browser.

A key part of the Brave ecosystem is its native token, the Basic Attention Token(B

MakerDAO is attracting a lot of publicity lately, as it:

1. held the peg well during the recent downturn.

2. is now holding a significant amount of the circulating ETH supply.

We have to assume maker will become a tempting target and will be attacked by a well funded organization.

Apart from global settlement, what's the plan if/when that happens? Is there something the community can do to defend against attacks?