Dai

Maker is comprised of a stablecoin, collateral loans, and decentralized ...

home link https://makerdao.com/en/

reference material Whitepaper.pdf

Community

Market
1,173.53 KRW
Exchanges that listed the coin
23
Symbol
DAI
Dapp
To be released
Project introduction

Dai (DAI) is a USD-pegged stable coin built on Ethereum Blockchain, with no centralized authority. We maintain $ 1 USD through the price mechanism built into the smart contract. When Dai is more than $ 1, the smart contract price mechanism is effective at lowering prices. Conversely, when Dai's value is less than $ 1, smart contract pricing mechanisms are effective in raising prices. Dai can be traded freely like any other ERC20 token, and anyone with an Ethereum wallet can own, acquire, and transfer without an intermediary manager.

Executives and partners

Rune Christensen

CEO

Andy Milenius

CTO

Steven Becker

COO

Soren Nielsen

HP

Greg Diprisco

HBD

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Medium

MakerDAO and Airtm Partner ...

MakerDAO has joined forces with Airtm, a platform that helps people all over the world access dollars and protect their savings from devaluation. This partnership includes Dai as an Airtm in-wallet balance with direct on/off boarding transfers, allowing Airtm users to take charge of their financial futures. They can send and receive funds fast and inexpensively, regardless of location or currency type.The Importance of this AllianceWe know the role cryptocurrencies play in global financial innovation, not only in terms of ease of transfer of value, but also in terms of monetary empowerment. Many South Americans for example, are deeply impacted by economies plagued by hyperinflation and political oppression. Decentralized, censorship-resistant cryptocurrencies, such as Dai, transcend borders and regimes, eliminating many of the obstacles that prevent people from being able to pay their rent or feed their families.Nowhere is the combined power of Dai and Airtm more useful today than in Venezuela, a country facing severe economic and humanitarian crises. According to Steven Henke, professor of applied economics at Johns Hopkins University, “Venezuela’s annual inflation rate measured for 3/23/19, is 121,102%.”Through Airdrop Venezuela, an initiative led by Hanke that distributes donations in Dai and other cryptocurrencies through the Airtm platform, Venezuelans in need are getting help. The initiative’s mission is to send $1,000,000 in crypto to 100,000 Venezuelans in $10 micro transfers directly to their Airtm wallets. As part of the partnership, MakerDAO is contributing 10,000 Dai to Airtm’s AirdropVenezuela.org campaign.Creating a Better FutureWith Dai helping to power the engine of Airtm, users can not only escape weak currencies, but also worry less about how economic and political circumstances beyond their control affect their daily lives, and instead think long-term regarding their money. With access to Dai, people across the globe can design and control their financial futures, and realize possibilities once beyond their reach.“By combining the benefits of cryptocurrency assets while removing their volatility, decentralized stable currencies like Dai are essential to achieving the full potential of blockchain’s global transport layer of value,” says Ruben Galindo, CEO of Airtm. “We are excited to collaborate with MakerDAO to include Dai as an Airtm in-wallet balance with direct on/off boarding transfers, connecting Dai to bank, e-money and other widely used value networks across Latin America via our peer-to-peer exchange.”Watch this video to understand how Airtm works.Learn more about MakerDAO:Website: https://makerdao.com/Twitter: https://twitter.com/makerdaoReddit: https://www.reddit.com/r/MakerDAO/MakerDAO and Airtm Partner to Empower Financial Stability in South America was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 05. 08

Executive Vote: Raise the S...

Executive Vote: Raise the Stability Fee by 3% to a total of 14.5% per year.The Maker Foundation Interim Risk Team has placed an Executive Vote into the voting system, which will enable the community to enact a new Dai Stability Fee of 14.5%.The Executive Vote (FAQ) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a continuous approval vote.ReviewThe need to increase the Stability Fee was discussed in the Governance call on Thursday, April 18.Please review the Video, Audio, Transcript (delayed by 24 to 48 hours), and the online discussion to inform your position before voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksLittle attributable impact from the previous Stability Fee increasesThe MakerDAO community is moving forward with an Executive Vote to enact the rate determined by the previous Governance Poll.ActionVoting for this proposal will place your MKR in support of increasing the Stability Fee by 3% to a new total of 14.5% per year.ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 16:00 UTC.To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.Executive Vote: Raise the Stability fee by 3% to a total of 14.5% per year. was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 04. 19

Don’t Miss MakerDAO’s Block...

Blockchain Week ZA in Cape Town, South Africa, is just a few days away, and representatives from the MakerDAO team will be there to present and lead workshops. Here are some of the most exciting events scheduled:DeFi Cape Town Decentralized Financial Inclusion3–8 p.m., April 18The University of Cape TownRondebosch, Cape Town, 7700, South AfricaRegisterIn our efforts to reach out to DeFi, blockchain, and crypto enthusiasts in South Africa, we, along with Centrifuge and Linum Labs, will open Blockchain Week ZA with a DeFi event focused on decentralised financial inclusion. Offering more than a display of DeFi projects, the event will serve as a platform to challenge the status quo of financial exclusion in the region. Whether you’re a hacker, businessman, student, or a curious observer, we encourage you to attend and take a step toward joining the effort.Attendees are especially looking forward to Mariano Conti’s’ presentation, Dai Credit System: The Backbone of an Open Financial Ecosystem, at 5:30pm. Conti, who is Head of Oracles at MakerDAO and one of the developers of the system elements that keep Dai stable, will not only discuss how Maker fosters financial inclusion, but also share his personal experiences as an Argentinian living in a broken economy with hyperinflation.At 6:30 p.m., a diverse expert panel, which includes Gustav Arentoft of Maker’s Business Development team, will address the very essence of the event: Financial Inclusion: Frontier Tech in Africa. Topics will include emerging technologies and why they matter for the region, and how decentralization can unlock innovation, make previously inaccessible data available, and enable new ways to do business.Maker joins an ecosystem of partners that include local NGOs as well as global fintech and payments businesses involved in some of the most exciting DeFi projects in the world.ETH Cape Town HackathonApril 19–21The Lookout WaterfrontGranger Bay Blvd, V & A WaterfrontCape Town, South AfricaAs a co[sponsor of the very first ETH Cape Town Hackathon, we’re confident that the developer community in the region can begin addressing many of the financial pain points Africans experience and build awareness of Dai. The adoption of Dai can mean improved disaster relief efficiency, better loan and savings conditions, and the proliferation of emerging technologies that build on top of Dai to bring financial services to people excluded by the current system.Here is the overview of how we plan to inspire seasoned developers, as well as educate and mentor aspiring builders of a more inclusive future on the blockchain.Friday, April 199:30 p.m. — Learning by Example from DeFi Projects Using DaiEngineer Sean Brennan from MakerDAO will lead the API Prize workshop, which is open to all hackers. The grand prize winner will receive 3K Dai; individual challenge winners who use Dai in their hacks will receive 200 Dai.Saturday, April 201:00 p.m. — New Forms of MoneyMembers of the Maker team will join Unicef and Bounties Network in leading this Surge Youth Learning event aimed at teaching South African youth about cryptocurrencies and stablecoins, and how they can help address everyday problems. Surge offers a series of immersive events that offer young people new skills and opportunities to explore how the blockchain can play a leading role in addressing global challenges.2:30 p.m: Setting the Premise for Financial Inclusion with MakerDAOGustav Arentoft has been very active setting up partnerships across Africa the past few months. He will share his experiences building those relationships and discuss the possibilities around open finance in Africa.3:00 p.m. — Stopping Alzheimer’s and Neurodegenerative Diseases with IKU’s Neuro DAOGustav Arentoft retakes the stage, joined by Michael Kisselgof, co-founder and project lead at IKU DAO, to discuss how decentralised research organizations like IKU can use the blockchain to help address the problems of neurodegenerative disease research.Learn more about MakerDAO:Website:https://makerdao.com/Blog: https://blog.makerdao.comReddit:https://www.reddit.com/r/MakerDAO/Twitter:https://twitter.com/makerdaoDon’t Miss MakerDAO’s Blockchain Week Events in Cape Town, April 18–21 was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 04. 16

Upgrades to the Maker Ecosy...

The past year has been one of fantastic growth for MakerDAO. Dai continues to be widely respected across the cryptosphere and has become a core part of the #DeFi movement, with hundreds of projects integrating it. At the same time, there has been an encouraging and thoughtful commitment to decentralized governance across the ecosystem. From engagement in our weekly governance calls and discussions in chat forums to participation in governance votes, we are excited to see increasing participation from the growing Maker Community.To help continue expanding the Maker ecosystem, the Maker Ecosystem Growth Foundation (MEGF) was created. The MEGF controls a fund of MKR tokens that facilitate the adoption of the decentralized MakerDAO protocol. Just as innovation is key to how the Maker project builds new and better ways to level the economic playing field for people around the world, MEGF works to create a structure that is true to the spirit of the organization.At the end of 2018, MEGF created a board. Though the term “board” may conjure up images of a formal corporate structure, the MEGF board was a bit different. It was made up of nine technical members, who were responsible for ensuring the security of the MEGF’s development funds in a multi-sig. Think of a multi-sig like a bank account with a number of signatories, a subgroup of whom are needed to sign before a transaction could take place. We chose technical individuals for this task, believing they would be best positioned to secure the multi-sig and ensure the soundness of each transaction.But, due to the project’s rapid growth and the number of projects across the world building on top of MakerDAO, it became clear that the MEGF board required expertise beyond the ability to evaluate technical contributions and maintain the security of the funds. Just as traditional boards benefit from executive and operational expertise, including how to scale an organization and deal with regulatory, compliance, and other non-technical challenges, so would this one.Because of this, we are looking to reconstitute the MEGF board in a way that will not only ensure the representation of a decentralized community of stakeholders (including technical contributors and security experts), but also borrow elements from traditional board structures, including independent directors. As part of this process, we will carefully and deliberately review the ideal MEGF board structure in the coming weeks, and will solicit input from a variety of stakeholders along the way: partners, developers, community members, token holders, governance experts, and others.As the first step in this process, the technical board described above will be transitioned into a committee of the newly-constituted MEGF board, and will continue to evaluate the technical contributions to the project and safeguard the MEGF treasury moving forward. We thank all board members, past and present, for their service. We also envision a grant committee to help evaluate, vote on, and fund projects that facilitate adoption of MakerDAO. Other committees will also be considered.Transparency is a fundamental pillar of how the Maker Ecosystem Growth Foundation envisions its relationship with the wider community. As we committed to in earlier announcements, we plan to to publish data and reports on a wide range of topics, including strategy, financials, partnerships, growth metrics, and team makeup, as well as to providing technical status and roadmap updates, as soon as we can do this without negatively impacting our top priority: the launch of Multi-Collateral Dai.We believe in the power of MakerDAO to build a more open and inclusive financial system. To get there, we need to build further on our foundation structure and ensure that it continues to be transparent and representative. In doing so, we hope to make the project more resilient and efficient as we prepare to launch Multi-Collateral Dai.Upgrades to the Maker Ecosystem Foundation Structure was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 04. 08

MakerDAO Collaborates on So...

MakerDAO Collaborates on South Korean Local Government Projects with VANTA Network and HYCON (Glosfer)Following the official launch of the National Relayer Campaign in Korea in March 2019, the MakerDAO Korean community worked closely with its partners including VANTA to drive awareness and adoption of Dai.The latest initiative involves partnering with VANTA and HYCON (Glosfer) to collaborate on government projects for switching South Korean cities’ local currencies into cryptocurrencies.Several Korean cities have their own local currencies to boost their local economies and preserve local capital. However, cryptocurrency’s advantages such as transparency and security are encouraging some cities to switch their local currencies into cryptocurrencies.Glosfer, a leading blockchain technology and services company in Korea, collaborated with a local South Korean government to create Nowon Coin, which was the first local cryptocurrency in the world.VANTA Network is creating more use case for such local cryptocurrencies:“VANTA Network will provide API, which will be used by small business owners and enterprises to easily connect with their local community. Using VANTA’s API will create opportunities for marketing, and a portal for sending/receiving data while drastically reducing service fees.”MakerDAO plays an important role as service providers like VANTA can swap received local cryptocurrencies with MakerDAO’s stablecoin Dai. Therefore, the service providers can reduce risk from large volatility in price. In addition, Dai’s global presence and usage help the service providers to turn Dai into cash or other use cases more easily.We are excited about this new partnership, and we look forward to having more strong use cases and partners in Korea!About MakerDAOMakerDAO issues Dai, which is the first and largest decentralized stablecoin on the Ethereum blockchain. Despite the volatile nature of the cryptocurrency market, Dai has successfully maintained its peg to the US dollar.About Glosfer (HYCON)GLOSFER is a leading blockchain technology and services company in South Korea. Building on its roots as a first-generation blockchain company, GLOSFER strives to expand its activities into various industries to bolster its reach in both domestic and international markets, by leveraging innovative technologies and services, including its PHP API blockchain platform PACKUTH and its online and offline cryptocurrency trading platforms. With its upcoming Infinity Project, powered by its HYCON coin, the company seeks to establish and facilitate its cryptocurrency ecosystem while contributing to a more transparent and fair society based on blockchain technology through cooperation with public institutions.About VANTA NetworkVANTA is looking to build an intelligent network for real-time networking, which enables individuals and companies to quickly develop services that can efficiently transmit and process real-time data, as well as commercialize the services at low cost without additional infrastructure. As a result, creative services will be provided and integrated within the VANTA ecosystem, and VANTA blockchain will be a practical blockchain that will greatly contribute to improving the daily lives of individuals and operations of enterprise businesses.Learn more about MakerDAO:Website:https://makerdao.com/Twitter:https://twitter.com/makerdaoTelegram:https://t.me/makerdaoofficialMedium: https://medium.com/makerdaoReddit:https://www.reddit.com/r/MakerDAO/KakaoTalk: https://open.kakao.com/o/giWg6J2 password: makerMakerDAO Collaborates on South Korean Local Government Projects with VANTA Network and HYCON… was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 04. 02

Making Maker: March 2019

It’s been an action-packed month for Maker! Stability Fee increases, a long-awaited update on Multi-Collateral Dai, a new campaign launch in Korea, and more.Let’s begin with the latest statistics from maker.tools.2,172,000+ ETH locked upOver 2% of the entire ETH supply is locked up in Maker smart contracts88,696,965 total Dai supplyStability Fee Increases through Governance VotesA series of Governance votes this month resulted in an overall stability fee increase to 7.5%. Actors that drove the increase include exchange prices persisting below $1, high inventory levels among market makers and prop desks, and no attributable impact from earlier fee increases.To stay current on Governance, Risk, and Community issues, bookmark the MakerDAO Public Events Calendar. Newcomers might want to dive into our series of posts on the MakerDao Governance Risk Framework.Update on Multi-Collateral DaiOur main focus in the past few months has been the development and release of the Multi-Collateral Dai (MCD) core contracts on the Kovan testnet as we work toward a full MCD mainnet release. We’ve also focused on contract interaction with our core products and tools. In our latest published update, The Road to Multi-Collateral Dai, we provide an overview of how to get started, including a breakdown of how to get Kovan-ETH and K-Collateral Tokens. As always, you can see the latest MCD contracts here.MakerDAO in KoreaTo drive awareness of Dai in Korea, and build on the tremendous support of the Korean community, the National Relayer Campaign will soon be launched. A dozen key players, including VCs, incubators, and exchanges have advocated for Dai usage and encouraged adoption through projects for funding and integrating Dai in their dapps.Maker a Hit at EthCC 2019 ParisEthereum developers from around the world gathered at the EthCC 2019 conference in Paris in early March. Coinhouse, sponsor of the event, noted the following in its wrap-up: “The name of the conference was EthCC, but it could have been called MakerCC, as almost every project has taken an interest in using MakerDAO and especially the DAI stable coin. It is quite incredible how DAI is imposing itself as a standard for exchanging non-volatile value on top of the Ethereum network.” So proud of the Maker team!Oasis Contract UpgradeRead the postmortem on the Oasis contract upgrade that fixed a detected vulnerability.Integrating with MakerHere are some notable integrations this month:UMA and DDex launch USStocks, the first Dai-collateralized synthetic asset.Connext Network releases Dai Card, a browser-based wallet for low-cost, instant payments.Wyre and Bloqboard partner to enable secondary trading of CDPs.Coinduck, a popular Korean fiat-crypto application, integrated Dai into their stablecoin market, enabling its usage in 1000+ partner stores.Celsius users can now earn interest for holding Dai in their wallets.Button Wallet now allows users to send Dai within TelegramAirWallet introduced CDPs to the South Korean market.Metaps accepted Dai for a gift card sale, selling out within a few minutes.Zerion integrated CDPs into its system. Through its beta site, you can now get a loan in Dai backed with ETH.Ujo Music added support for streaming payments through Dai, allowing artists greater control over their work.Coinomi has integrated Dai into its wallet platform.Loom now allows its games marketplace users to pay in DaiAny dapps building on Loom can also integrate Dai payments.Helena Network launched as the first dapp on the xDai sidechain.On Travala, you can now book any of 550,000+ hotels in 210 countries with Dai.With just a few lines of code, you can add Dai purchasing seamlessly to any app or website through 0x Instant. For example, you can now instantly purchase Dai through a tweet.Making Maker: March 2019 was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 04. 01

Update: The Road to Multi-C...

IntroductionOur main focus over the past couple of months has been the development and release of the Multi-Collateral Dai (MCD) core contracts on Kovan and their interaction with the core Maker products and tools. As we work toward the full MCD mainnet release, our goal is to be as transparent as possible with the community and consistently help clarify the scope of what will be delivered over the next few months. That said, this blog post will kick off Update One of many Kovan release updates on our road to Multi-Collateral Dai. Our aim is to update the community on our progress every few weeks. These updates will cover our latest deployments and the features within them, and offer example walkthroughs and guides for you to explore on your own.MCD is essentially a decentralized system without any operator. Once deployed onto the blockchain, it operates in an autonomous way. When building a system like this, it is crucial to get feedback — not just from internal teams, but also from the entire Maker community. Please be sure to ask us any questions you may have, provide feedback or even share your excitement with us. To do so, join our public RocketChat and leave feedback in the #product-feedback channel.It is no secret that one of the major challenges with the immutable nature of the blockchain is releasing smart contracts. In many respects, it is more like releasing hardware than software. The releases will cover the Maker smart contracts, front-end apps, tools, and services that will all be released on a schedule. Each Kovan release will be paired with a version number referenced in the individual code repositories. The current release is v0.2.2.In short, the process for each deployment will run through a set number of steps which put the system into a state that is ready for testing. In this first deployment, we will include a governance poll and executive vote to raise the debt ceiling from 0 on the available collateral types to allow you to draw Dai. The details for the latest release (v0.2.2) are below.MCD CDP Portal Sneak PeekWhat’s New with MCD?Overview: The Deployed Components (v0.2.2)For the latest Kovan testnet release, we have updated our tools to help you interact with the Multi-Collateral Dai (MCD) system. These updates include:MCD Contractshttps://github.com/makerdao/dss/tree/masterMCD-CLIhttps://github.com/makerdao/mcd-cli/releases/tag/0.2.2-rc.1Dai.js Libraryhttps://github.com/makerdao/dai.js/releases/tag/v0.13.2%2Bmcd-0.2.2Governance Pluginhttps://github.com/makerdao/dai-plugin-governance/releases/tag/v0.5.2%2Bmcd-0.2.2Governance Dashboardhttps://github.com/makerdao/governance-dashboard/releases/tag/0.2.2MCD CDP Portalhttps://github.com/makerdao/mcd-cdp-portal/releases/tag/0.2.2The MCD ContractsCore System ContractsMCD_VATDescription: The CDP core engine, keeping track of DAI credit system accounting.Contract Address: 0x48f749bd988caafacd7b951abbecc1aa31488690MCD_CATDescription: The user-facing gateway contract for liquidating. (biting) CDPs.Contract Address: 0xc20e4eaf6b53347ad2d895390dd96ba635bbe4c1MCD_FLAPDescription: The flap auction contract responsible for buying and burning MKR when the system has a surplus.Contract Address: 0x71264874e428c12e4b4dd5d2a394a3790bfedf02MCD_FLOPDescription: The flop auction contract responsible for minting and selling MKR to cover bad debt.Contract Address: 0x64fa7232b1ce6cbef0bd5629823c3c7161dc2e96MKR Governance Token ContractMCD_GOVDescription: The MKR governance token contract.Contract Address: 0x1cc05530723a4fd398b4354ea511a1b0543ba714DAI Stablecoin ContractsMCD_DAIDescription: The DAI stablecoin contractContract Address: 0x6503daa2e952d75fba63dba293bce40e3bb9d641MCD_JOIN_DAIDescription: The DAI adapter responsible for minting and burning DAI.Contract Address: 0x4abad252c30380d1d46ce3b5c52cc108b8c778c7ETH Collateral ContractsMCD_JOIN_ETH_ADescription: The ETH adapter responsible for joining and exiting ETH collateral.Contract Address: 0x5a992003124c9b663d15556b0b4461e2356d9dddMCD_OSM_ETH_ADescription: The oracle security module feeding the ETH/USD price into the system.Contract Address: 0x8C73Ec0fBCdEC6b8C060BC224D94740FD41f3774MCD_FLIP_ETH_ADescription: The ETH flip auction contract, responsible for selling off ETH collateral for DAI when a CDP is liquidated.Contract Address: 0x1f952afafee7dbea561211bc4c0c04e4d32b5903Collateral 1 ContractsCOL1Description: Collateral 1 token addressContract Address: 0xb3844361e19ab82fce3dddd81637b85bcb554da7MCD_JOIN_COL1_ADescription: The COL1 adapter, responsible for joining and exiting COL1 collateral.Contract Address: 0xF2643546d27c8a5388D9Be48170d74b9c9Be39a6MCD_OSM_COL1_ADescription: The oracle security module feeding the COL1 USD priceContract Address: 0xF2643546d27c8a5388D9Be48170d74b9c9Be39a6MCD_FLIP_COL1_ADescription: The COL1 flip auction contract, responsible for selling off COL1 collateral for DAI when a CDP is liquidatedContract Address: 0xd7128a31a3e9d87be711bd3ddba5c6a275783922To access the full list of contracts, please go here.Getting Started with MCDTo start using and interacting with the above tools, you will need to get some Kovan ETH, COL1, COL2, COL3, COL4, COL5 and MKR. Please note that MKR holders will eventually confirm the final collateral types through a proposed vote from the Maker Risk Team. Once you have the respective Kovan tokens, you can proceed to the guide below to go through the processes of a CDP lifecycle. This includes locking in some collateral, drawing Dai, paying back the Dai, and then unlocking the collateral.In the guide below, everything described above will be performed using the MCD-CLI and MCD-PORTAL tools.How to Get Kovan-ETH and K-Collateral TokensGetting Kovan ETHThere are many sources from which to get Kovan ETH, including:Standard Faucet Method: https://faucet.kovan.network/This method requires you to log in with your Github account. You then must paste your ETH address in the input box and request the funds.Gitter Method: https://gitter.im/kovan-testnet/faucetThis method also requires you to log in with your GitHub or an existing Gitter account. To receive Kovan ETH through this method, join this Gitter Channel (which you also need to cover gas costs for use of the dApps): https://gitter.im/kovan-testnet/faucet. Once you join the Gitter Channel, post your ETH address from MetaMask to the main chat. The Kovan faucet will then populate your wallet with the test funds. This could take a couple minutes or a couple of hours, as it is done manually by the channel’s admin.Getting Kovan Collateral TokensWe have deployed a special faucet that allows you to withdraw testnet collateral tokens that essentially mimic the real tokens that exist on mainnet.K-Collateral Token Faucet Address: 0xDF31eF13A608728b6fEE5d2596Ddbb1e0d8BDe31Before getting started, you must first setup Seth locally: https://dapp.tools/seth/Note: You can call the gulp(address) function on it with seth. The addressparameter is the address of the COL1 to COL5 collateral types we have added to this deployment.Instructions:First, make sure that you have setup seth by following the setup instructions in the MCD-CLI README.md file: (https://github.com/makerdao/mcd-cli#installation).In order to receive some tokens of the COL1 type, you must run the following commands in the CLI:i. Setting the COL1 address to env variable:$ export COL1A=0xb3844361e19ab82fce3dddd81637b85bcb554da7ii. Setting the Faucet address to env variable:$ export FAUCET=0xDF31eF13A608728b6fEE5d2596Ddbb1e0d8BDe31iii. Now, you can call the gulp(address) function:$ seth send $FAUCET ‘gulp(address)’ $COL1Aiv. Please verify your COL1 balance by running:$ seth –from-wei $(seth –to-dec $(seth call $COL1A ‘balanceOf(address)’ $ETH_FROM)) ethAn example of the output you should be viewing when running the above command:50.000000000000000000That’s it! You now have some COL1 k-collateral tokens.Note: If you would like to receive some K-MKR tokens, you would need to replace the COL1 token address with the MCD_GOV token address and follow the exact same process as above.After you have successfully received the Kovan collateral tokens, you can continue on and explore the MCD-PORTAL and/or the MCD-CLI.The Dai.js Library and Governance PluginThe Dai.js library and the governance plugin tools enable you to start developing on MCD by creating loans, issuing Dai and interacting with the MKR governance system.MCD Dai PluginThe MCD Dai plugin allows you to interact with the Multi-Collateral Dai contracts. Follow the link below for an example of how to use the dai.js library to create and manipulatie CDPs (via the CDP Manager via a user’s DSProxy) and learn how to read data from the MCD system.Link to the Repository: https://github.com/makerdao/dai.js/tree/dev/lib/dai-plugin-mcdA plugin for adding MKR governance support for dAppsThe dai.js plugin is used to interact with the MKR governance system. The plugin makes it easy to integrate Dai governance into front-end applications, such as the Maker Governance dashboard. You can use it to vote, cast proposals, query the voting contract, create a vote proxy, and much more. Follow the below link for installation instructions and examples:Link to the Repository: https://github.com/makerdao/dai-plugin-governanceGovernance DashboardThe Governance dashboard is a front-end interface that displays current vote proposals and sends them out to the Maker community to vote on. The dashboard is updated to the latest MCD Kovan release with the executive vote.You can currently interact with the governance dashboard in two places:Run the local dashboardhttps://github.com/makerdao/governance-dashboardStaged environmenthttps://dai-gov-staging.now.sh/?mcd=trueMulti-Collateral Dai CDP PortalAs a permissionless system of smart contracts on the blockchain, MCD can be used by anyone. There are already many teams independently developing front-ends to interact with MCD. For the purpose of the Kovan releases and trying out MCD, we will make the MCD CDP Portal available, which is currently hosted in a staging environment. The portal will be updated accordingly to support every new Kovan release. In the first release of the staging environment, you will be able to lock collateral and draw Dai.You can check it out here: https://mcd-cdp-portal-staging.now.shNote: You can also setup the MCD CDP Portal on your local machine by following the instructions in this repository: https://github.com/makerdao/mcd-cdp-portalThe current deployed stage environment is in a very early work stage and is still in progress. In terms of existing functionality, it is currently limited to opening new CDPs and viewing what a CDP would look like — however, it currently uses dummy data. Over the next few weeks, more functionality will be made available, and any feedback collected will be considered for upcoming releases.If you are willing, you can use Usersnap, a Chrome extension, to provide feedback on the screens displayed. See the video snippet below Usersnap simplifies communication and collaboration between developers, users, and quality assurance personnel.Multi-Collateral Dai CLIA command-line interface (CLI) is where you can easily interact with the Multi-Collateral Dai contracts. In the CLI, you can lock assets such as ETH and many other collateral testnet dummy tokens we have added (COL1, COL2, COL3, COL4, COL5), draw Dai against them, check your CDP position, and much more.The following link provides you with the necessary instructions to get started with the MCD CLI: https://github.com/makerdao/mcd-cliCDP Lifecycle Walkthrough GuideThe following instructions will guide you through an example of a CDP’s lifecycle. We will be creating a loan with COL1 type collateral (note that COL1-COL5 collateral types simply simulate ERC-20 tokens) and will then pay it back. Since the MCD-CLI is based on seth, you must first set up the required variables to start interacting with the MCD system.Let’s get startedFirst, add the required variables within terminal. Alternatively, you can add the variable in ~/.sethrc, so that you can more easily start working with the environment in the future.The commands to set up the variables are as follows:ETH_FROM=<add your ETH address>ETH_KEYSTORE=<add the path to your keystore file>ETH_PASSWORD=<add the path to password file with file name>MCD_CHAIN=kovanSETH_CHAIN=kovanOnce set up, you can begin to run through the CDP lifecycle using the commands noted below.For this example, we are going to use the COL1 tokens as the first type of collateral in our CDP. Before proceeding, please check that you have already received some COL1 from the faucet. If you haven’t, please visit the ‘Getting K Collateral tokens’ section above.Instructions1. Connect the COL1 tokens into the COL1 adapter. Here, you must change the below value of `60` to your own value.Run:$ mcd –ilk=COL1-A gem join 60Output Example:vat 60.000000000000000000 Unlocked collateral (COL1)ink 0.000000000000000000 Locked collateral (COL1)ext 0.000000000000000000 External account balance (COL1)2. Lock your COL1 collateral tokens and then draw 1 dai from VAT. Again, please don’t forget to change the below value of 60 to your own value.Run:$ mcd –ilk=COL1-A frob 60 1Example Output:ilk COL1-A Collateral typeurn 16Fb96a5fa0427Af0C8F7cF1eB4870231c8154B6000000000000000000000000 Urn indexink 60.000000000000000000 Locked collateral (COL1)art 1.000000000000000000 Outstanding debt (Dai)printf: ‘58234907888888888888888889’: Numerical result out of rangespot 0.000000009223372036854775807 Price with safety mat (USD)rate 1.000000000000000000000000000 COL1 DAI exchange ratefill 0 Collateralization Ratio (%)rap 0.000000000000000000 Accumulated stability fee (Dai)dai 1.000000000000000000000000000000000000000000000 Vat Daigem 0.0000000000000000002a. Approve the MCD_JOIN_DAI to withdraw the minted Dai from your urn.This will enable you to add MCD_JOIN_DAI and MCD_VAT variables with the respective contract addresses to the terminal.Run:$ seth send $MCD_VAT ‘hope(address)’ $MCD_JOIN_DAINote: This is a temporary solution until we finalize MCD dai.3. Withdraw Dai and send it to your ETH personal account.Run:$ mcd dai exit 1Example Output:vat 0.000000000000000000000000000000000000000000000 Vat balanceext 1.000000000000000000 ERC20 balanceNote: When you want to pay back your debt and unlock your collateral, follow these steps again.4. Add your Dai back into the urn.Run:$ mcd dai join 1Example Output:vat 1.000000000000000000000000000000000000000000000 Vat balanceext 0.000000000000000000 ERC20 balance5. Remove your Dai debt and unlock your COL1 collateral from internal system (vat).Run:$ mcd –ilk=COL1-A frob — -60 -1Example Output:ilk COL1-A Collateral typeurn 16Fb96a5fa0427Af0C8F7cF1eB4870231c8154B6000000000000000000000000 Urn indexink 0.000000000000000000 Locked collateral (COL1)art 0.000000000000000000 Outstanding debt (Dai)printf: ‘58234907888888888888888889’: Numerical result out of rangespot 0.000000009223372036854775807 Price with safety mat (USD)rate 1.000000000000000000000000000 COL1 DAI exchange ratefill 0 Collateralization Ratio (%)rap 0 Accumulated stability fee (Dai)dai 0.000000000000000000000000000000000000000000000 Vat Daigem 60.000000000000000000 Unlocked collateral (COL1)6. Finally, remove your collateral COL1 token from the COL1 adapter.Run:$ mcd –ilk=COL1-A gem exit 60Example Output:vat 0.000000000000000000 Unlocked collateral (COL1)ink 0.000000000000000000 Locked collateral (COL1)ext 60.000000000000000000 External account balance (COL1)After running the above commands, please confirm that you have your initial collateral (COL1) back in your wallet.This concludes the CDP Lifecycle Walkthrough Guide! We look forward to updating you on our progress with MCD in the next couple of weeks.Getting MakerDAO UpdatesTo receive updates on Maker, migrate to https://makerdao.com/en/ and in the bottom right corner of the page, you will find the “Sign up for the latest content and updates” button. Please enter you email and hit ’Subscribe’.If you are interested in learning more about creating a product or tool that leverages the dai credit system, please get in touch with the team via Rocket.Chat.For all other updates, follow us:RocketChat: https://chat.makerdao.com/homeTelegram: https://t.me/makerdaoOfficialTwitter: https://twitter.com/MakerDAOReddit: https://www.reddit.com/r/MakerDAO/Update: The Road to Multi-Collateral Dai was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 28

Executive Vote to Raise the...

The Maker Foundation Interim Risk Team will place an Executive Vote proposal into the voting system to enact a new Dai Stability Fee of 7.5%.The Executive Vote (FAQ) will begin on Friday, March 22nd at 5 pm UTC and will continue until the number of votes surpasses the previous Executive Vote total. This will be a continuous approval vote.ReviewThe increase to the Stability Fee was discussed in the Governance call on Thursday, March 21, and ratified by the community in a formal Governance Poll. Please review the Video, Audio, Transcript, and the online discussion to inform your position prior to voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksNo attributable impact from the previous Stability Fee increasesAnalysisAn examination of the available data strongly suggests a Stability Fee increase is warranted. The exchange price of Dai across several major exchanges has been consistently hovering in the $0.96 to $0.99 range for two months. Decentralized exchanges with sufficient volume/liquidity also confirm the same discrepancy.Below is an average price chart of the Dai trade history.Informal discussions with several large Dai market makers have suggested that inventory levels have run high, and balance sheet capacity has diminished. Informal polling through various community channels has also shown strong support for an increase.ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 17:00 UTC.To add current and upcoming votes to your calendar please see the MakerDAO Public Events Calendar.Executive Vote to Raise the Stability Fee to 7.5% was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 26

#PiDai for #PiDay: Tweeting...

Courtesy: USA TODAYMakerDAO joins the #PiDay celebration by encouraging donations to charityPiDay (March 14th) has been long celebrated as a geek holiday, so MakerDAO, in conjunction with our friends at @SendCrypto, are happy to announce a way for the crypto community to celebrate the date and help make the world a better place.How?Thanks to the magic of the @SendCrypto bot, Twitter users are able to donate their Dai, xDai, Ether, or many other supported ERC20 tokens directly from their tweets to one of the many charities just by sending a simple message: “@SendCrypto @EFF $3.14”Why donate with your crypto?The benefits are huge. By donating your tokens to charity, a whole host of intermediaries, banks, and random fee collectors are removed in favor of a system that is transparent and instant. That means the least number of people between your donation and the people who need it most.Maker Matching DonationsSeeing as transparency and social good are fundamental pieces of Maker’s vision, we want #PiDai for #PiDay to be as meaningful as possible. The team at Maker will gladly match any donations that help meet the first three thresholds for each charity.For example:If donations to NeedsList hit the first three thresholds of $3.14, $31.41, and $314.15, we will match the total sum of $348.70 and send it to NeedsList as well.If any other charities reach any of those three milestones, we’ll match those too!Get InvolvedDoing good doesn’t get any easier than this: simply tweet to @SendCrypto and add the @ handle of one of the charities below with the amount you’d like to donate.Some examples:To send 3.14 Dai directly to the EFF’s wallet: “@SendCrypto @EFF $3.14”To send 31.41 xDai directly to Unicef NZ’s wallet: “@SendCrypto @UnicefNZ x$31.41”To send 5 dollars in Eth directly to Unicef NZ’s wallet: “@SendCrypto @UnicefNZ $5 ETH”Other tokens are accepted as well, just substitute the token symbol in the tweet:REQ: Request NetworkKNC: Kyber NetworkDGX: DigixOMG: OmiseGoBAT: Basic Attention TokenLINK: ChainLINKKIN: KinZRX: 0xLeaderboardThroughout the campaign anyone can see who has donated, and how much each charity has raised, by going to: https://sendcryptobot.io/piday/We’ll be using this to track donations, and giving shout outs to users who made significant contributions to help reach milestones.List of CharitiesLastly, please take some time to research into the charities below, see what they’re involved in, and find one that speaks to you.EFF (@EFF)Needslist (@NeedsList4Good)Unicef NZ (@UnicefNZ)Castro Limon (@CastroLimon)Give Directly (@Give_directly)Giveth (@Givethio)GraceAid (@GRACERefugeeAid)If they all speak to you, and you’re feeling particularly charitable, you can donate to all of them!#PiDai for #PiDay: Tweeting crypto for good was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 12

Raise the Stability Fee to ...

The Maker Foundation Interim Risk Team will place an Executive Vote proposal into the voting system to enact a new Dai Stability Fee of 3.5%.The Executive Vote (FAQ) will be begin on Friday, March 8th at 4pm UTC and will continue until the number of votes surpass the previous Executive Vote total. This will be a continuous approval vote.ReviewThe increase to the Stability Fee was discussed in the Governance call on Thursday, February 28. Please review the Video, Audio, Transcript, and the online discussion to inform your position prior to voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksNo attributable impact from the previous Stability Fee increasesAnalysisAn examination of the available data strongly suggests a Stability Fee increase is warranted. The exchange price of Dai across several major exchanges, such as Coinbase Pro and Bitfinex, has been consistently hovering in the $0.975 to $0.985 range for 1–2 months. Decentralized exchanges with sufficient volume/liquidity, such as Eth2Dai, also confirm the same discrepancy.Below is an average price chart of the Dai trade history.Informal discussions with several large Dai market makers have suggested that inventory levels have run high, and balance sheet capacity has diminished. Informal polling through various community channels has also shown strong support for an increase.Incentivizing CDP closures through a Stability Fee increase (thereby reducing outstanding Dai) is strongly viewed as the appropriate action.Proposed ChangeIn February, the Stability Fee was increased twice, each time by 0.5%. The impact of this combined 1% increase was negligible, indicating that neither the target Stability Fee nor the incremental change was appropriate.Accordingly, the internal Risk Team suggests that the incremental step size for this and future proposals be increased by 2% until the trend in the peg has been corrected.Next StepsIf an increase to 3.5% is insufficient as measured over the following 7 days, another proposal will be put forth for a subsequent 2% increase.— -ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 17:00 UTC.To add current and upcoming votes to your calendar please see the MakerDAO Public Events Calendar.Raise the Stability Fee to 3.5% was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 08

Raise the Stability Fee to ...

The Maker Foundation Interim Risk Team will place an Executive Vote proposal into the voting system to enact a new Dai Stability Fee of 3.5%.The Executive Vote (FAQ) will be begin on Friday, March 8th at 4pm UTC and will continue until the number of votes surpass the previous Executive Vote total. This will be a continuous approval vote.ReviewThe increase to the Stability Fee was discussed in the Governance call on Thursday, February 28. Please review the Video, Audio, Transcript, and the online discussion to inform your position prior to voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksNo attributable impact from the previous Stability Fee increasesAnalysisAn examination of the available data strongly suggests a Stability Fee increase is warranted. The exchange price of Dai across several major exchanges, such as Coinbase Pro and Bitfinex, has been consistently hovering in the $0.975 to $0.985 range for 1–2 months. Decentralized exchanges with sufficient volume/liquidity, such as Eth2Dai, also confirm the same discrepancy.Below is an average price chart of the Dai trade history.Informal discussions with several large Dai market makers have suggested that inventory levels have run high, and balance sheet capacity has diminished. Informal polling through various community channels has also shown strong support for an increase.Incentivizing CDP closures through a Stability Fee increase (thereby reducing outstanding Dai) is strongly viewed as the appropriate action.Proposed ChangeIn February, the Stability Fee was increased twice, each time by 0.5%. The impact of this combined 1% increase was negligible, indicating that neither the target Stability Fee nor the incremental change was appropriate.Accordingly, the internal Risk Team suggests that the incremental step size for this and future proposals be increased by 2% until the trend in the peg has been corrected.Next StepsIf an increase to 3.5% is insufficient as measured over the following 7 days, another proposal will be put forth for a subsequent 2% increase.— -ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 17:00 UTC.To add current and upcoming votes to your calendar please see the MakerDAO Public Events Calendar.Raise the Stability Fee to 3.5% was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 08

MakerDAO Focuses on Korea:

MakerDAO Focuses on KoreaNational Relayer Campaign Designed to Drive Awareness and Adoption of DaiSince the official launch of the MakerDAO Korean community in November 2018, a number of notable projects and companies have signed on to support the Dai ecosystem. Integrations by VANTA, Coinduck, and Metaps are all examples of how leading organizations are fostering the Dai ecosystem in Korea.VANTA accepted Dai for its presale, and is planning to bring Dai into its ecosystem. Coinduck, which is the most popular Korean fiat-crypto application, integrated Dai — making it accessible by more than 1000 partner stores and 13,000+ KYC confirmed users in Korea. Metaps accepted Dai for its gift card sale, which sold out within a few minutes.To build on the strong support for Dai in Korea, the National Relayer campaign in Korea is launching soon.The campaign is a community-driven effort that involves twelve Relayers that consist of Korean cryptocurrency exchanges, incubators, and VCs. These Relayers will introduce Korean projects that are in the early investment stage to Maker for integration. They will also promote Dai usage in various ways, including encouraging their associated projects to fundraise and integrate Dai in their dapps.Many Relayers are already taking steps to help the Dai ecosystem, and we’re excited to see them building strong use cases from Korea!List of RelayersBlockWater CapitalBlockwater Management is a leading digital asset investment and advisory firm based out of Korea. We actively invest and advise projects focused on bringing blockchain enabled projects to real world applications.Block PatchBlock Patch is a blockchain consulting and incubator firm. We support project building, marketing, and event organizing to make a better blockchain ecosystem.CGEX (Coinone Global Exchange)CGEX is a global crypto-to-crypto exchange launched by Coinone, one of the largest cryptocurrency exchanges in Korea. Specifically designed for savvy investors, CGEX envisions ‘Innovation Beyond Finance’ to become a highly secure and convenient platform that provides institution-grade services.FoundationXFoundationX is a blockchain accelerator, building a blockchain business ecosystem. We are united under a single purpose of innovating and transforming technology to deliver more exciting, interactive and decentralized future.GOPAXGOPAX is a tech-oriented cryptocurrency exchange. It is a forerunner in cryptocurrency exchange operating standards, being the first exchange in the world to acquire ISO 27001 and ISMS security certification. GOPAX continues to contribute to the healthy development of the blockchain ecosystem.Hexlant / Token BankHexlant is a laboratory specialized in blockchain security and blockchain technology development. Hexlant provides smart contract audit and cryptocurrency wallet technical supports by working with major blockchain foundations and exchanges.Hexlant research team publishes top class research papers on blockchain technology and industry.Hillstone PartnersHillstone Partners is a company founded by executives of Korea’s first M&A company, and is carrying out a business strategy that focuses on development of a platform that supports not only funds but also other PE funds and combinations based on its overseas blockchain network.NEOPLYNEOPLY, a Seoul-based startup accelerator, is focused on investing in early-stage startups. We provide mentoring, angel-funding and workspace for startups. We have invested in more than 42 startups since 2008.RocketFuelRocketFuel is a global VC that focuses on enriching innovative industries.SEED VCSEED VC is a startup accelerator. We provide investment and community service for blockchain projects.Upside / MetapsUpside / Metaps: A group of blockchain fintech companies operating across Korea and Japan, connection the gap between the cryptocurrency and the commerce network world. Key businesses: UPXIDE(exchange),CryptoCard(cryptocurrency coupons),and SmartPlus (payment).Welcome DecentWelcomeDecent is a blockchain expert group providing a diverse range of blockchain-related services including ICO consulting, accelerating, incubating, fund raising, marketing and CS.Learn more about MakerDAO:Website: https://makerdao.com/ Twitter:https://twitter.com/makerdao Medium: https://medium.com/makerdao Reddit:https://www.reddit.com/r/MakerDAO/KakaoTalk: https://open.kakao.com/o/giWg6J2 password: makerMakerDAO Focuses on Korea: was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 08

MakerDAO Focuses on Korea:

MakerDAO Focuses on KoreaNational Relayer Campaign Designed to Drive Awareness and Adoption of DaiSince the official launch of the MakerDAO Korean community in November 2018, a number of notable projects and companies have signed on to support the Dai ecosystem. Integrations by VANTA, Coinduck, and Metaps are all examples of how leading organizations are fostering the Dai ecosystem in Korea.VANTA accepted Dai for its presale, and is planning to bring Dai into its ecosystem. Coinduck, which is the most popular Korean fiat-crypto application, integrated Dai — making it accessible by more than 1000 partner stores and 13,000+ KYC confirmed users in Korea. Metaps accepted Dai for its gift card sale, which sold out within a few minutes.To build on the strong support for Dai in Korea, the National Relayer campaign in Korea is launching soon.The campaign is a community-driven effort that involves twelve Relayers that consist of Korean cryptocurrency exchanges, incubators, and VCs. These Relayers will introduce Korean projects that are in the early investment stage to Maker for integration. They will also promote Dai usage in various ways, including encouraging their associated projects to fundraise and integrate Dai in their dapps.Many Relayers are already taking steps to help the Dai ecosystem, and we’re excited to see them building strong use cases from Korea!List of RelayersBlockWater CapitalBlockwater Management is a leading digital asset investment and advisory firm based out of Korea. We actively invest and advise projects focused on bringing blockchain enabled projects to real world applications.Block PatchBlock Patch is a blockchain consulting and incubator firm. We support project building, marketing, and event organizing to make a better blockchain ecosystem.CGEX (Coinone Global Exchange)CGEX is a global crypto-to-crypto exchange launched by Coinone, one of the largest cryptocurrency exchanges in Korea. Specifically designed for savvy investors, CGEX envisions ‘Innovation Beyond Finance’ to become a highly secure and convenient platform that provides institution-grade services.FoundationXFoundationX is a blockchain accelerator, building a blockchain business ecosystem. We are united under a single purpose of innovating and transforming technology to deliver more exciting, interactive and decentralized future.GOPAXGOPAX is a tech-oriented cryptocurrency exchange. It is a forerunner in cryptocurrency exchange operating standards, being the first exchange in the world to acquire ISO 27001 and ISMS security certification. GOPAX continues to contribute to the healthy development of the blockchain ecosystem.Hexlant / Token BankHexlant is a laboratory specialized in blockchain security and blockchain technology development. Hexlant provides smart contract audit and cryptocurrency wallet technical supports by working with major blockchain foundations and exchanges.Hexlant research team publishes top class research papers on blockchain technology and industry.Hillstone PartnersHillstone Partners is a company founded by executives of Korea’s first M&A company, and is carrying out a business strategy that focuses on development of a platform that supports not only funds but also other PE funds and combinations based on its overseas blockchain network.NEOPLYNEOPLY, a Seoul-based startup accelerator, is focused on investing in early-stage startups. We provide mentoring, angel-funding and workspace for startups. We have invested in more than 42 startups since 2008.RocketFuelRocketFuel is a global VC that focuses on enriching innovative industries.SEED VCSEED VC is a startup accelerator. We provide investment and community service for blockchain projects.Upside / MetapsUpside / Metaps: A group of blockchain fintech companies operating across Korea and Japan, connection the gap between the cryptocurrency and the commerce network world. Key businesses: UPXIDE(exchange),CryptoCard(cryptocurrency coupons),and SmartPlus (payment).Welcome DecentWelcomeDecent is a blockchain expert group providing a diverse range of blockchain-related services including ICO consulting, accelerating, incubating, fund raising, marketing and CS.Learn more about MakerDAO:Website: https://makerdao.com/ Twitter:https://twitter.com/makerdao Medium: https://medium.com/makerdao Reddit:https://www.reddit.com/r/MakerDAO/KakaoTalk: https://open.kakao.com/o/giWg6J2 password: makerMakerDAO Focuses on Korea: was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 08

Proposed Stability Fee Incr...

The Maker Foundation Interim Risk Team will place a Governance Poll proposal into the voting system to raise the Dai Stability Fee by 2.0%, for a new rate of 3.5%.The Governance Polling (FAQ) will be active for 3 days beginning on Monday, March 4th at 5pm UTC, the results of which will inform an Executive Vote (FAQ) which will go live on Friday, March 8th, at 5pm UTC.ReviewThe increase to the Stability Fee was discussed in the Governance call on Thursday, February 28. Please review the Video, Audio, and the online discussion to inform your position prior to voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksNo attributable impact from the previous Stability Fee increasesAnalysisAn examination of the available data strongly suggests a Stability Fee increase is warranted. The exchange price of Dai across several major exchanges, such as Coinbase Pro and Bitfinex, has been consistently hovering in the $0.975 to $0.985 range for 1–2 months. Decentralized exchanges with sufficient volume/liquidity, such as Eth2Dai, also confirm the same discrepancy.Below is an average price chart of the Dai trade history.Informal discussions with several large Dai market makers have suggested that inventory levels have run high, and balance sheet capacity has diminished. Informal polling through various community channels has also shown strong support for an increase.Incentivizing CDP closures through a Stability Fee increase (thereby reducing outstanding Dai) is strongly viewed as the appropriate action.Proposed ChangeIn February, the Stability Fee was increased twice, each time by 0.5%. The impact of this combined 1% increase was negligible, indicating that neither the target Stability Fee nor the incremental change was appropriate.Accordingly, the internal Risk Team suggests that the incremental step size for this and future proposals be increased by 2% until the trend in the peg has been corrected.Next StepsOn Monday, March 4th there will be a Governance Poll asking MKR token holders if they support or reject a Stability Fee increase of 2%. The poll will last until March 7th 4pm UTC.If an increase to 3.5% is insufficient as measured over the following 7 days, another proposal will be put forth for a subsequent 2% increase.— -ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 17:00 UTC.To add current and upcoming votes to your calendar please see the MakerDAO Public Events Calendar.Proposed Stability Fee Increase: +2% was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 04

Proposed Stability Fee Incr...

The Maker Foundation Interim Risk Team will place a Governance Poll proposal into the voting system to raise the Dai Stability Fee by 2.0%, for a new rate of 3.5%.The Governance Polling (FAQ) will be active for 3 days beginning on Monday, March 4th at 5pm UTC, the results of which will inform an Executive Vote (FAQ) which will go live on Friday, March 8th, at 5pm UTC.ReviewThe increase to the Stability Fee was discussed in the Governance call on Thursday, February 28. Please review the Video, Audio, and the online discussion to inform your position prior to voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksNo attributable impact from the previous Stability Fee increasesAnalysisAn examination of the available data strongly suggests a Stability Fee increase is warranted. The exchange price of Dai across several major exchanges, such as Coinbase Pro and Bitfinex, has been consistently hovering in the $0.975 to $0.985 range for 1–2 months. Decentralized exchanges with sufficient volume/liquidity, such as Eth2Dai, also confirm the same discrepancy.Below is an average price chart of the Dai trade history.Informal discussions with several large Dai market makers have suggested that inventory levels have run high, and balance sheet capacity has diminished. Informal polling through various community channels has also shown strong support for an increase.Incentivizing CDP closures through a Stability Fee increase (thereby reducing outstanding Dai) is strongly viewed as the appropriate action.Proposed ChangeIn February, the Stability Fee was increased twice, each time by 0.5%. The impact of this combined 1% increase was negligible, indicating that neither the target Stability Fee nor the incremental change was appropriate.Accordingly, the internal Risk Team suggests that the incremental step size for this and future proposals be increased by 2% until the trend in the peg has been corrected.Next StepsOn Monday, March 4th there will be a Governance Poll asking MKR token holders if they support or reject a Stability Fee increase of 2%. The poll will last until March 7th 4pm UTC.If an increase to 3.5% is insufficient as measured over the following 7 days, another proposal will be put forth for a subsequent 2% increase.— -ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 17:00 UTC.To add current and upcoming votes to your calendar please see the MakerDAO Public Events Calendar.Proposed Stability Fee Increase: +2% was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 04

Proposed Stability Fee Incr...

The Maker Foundation Interim Risk Team will place a Governance Poll proposal into the voting system to raise the Dai Stability Fee by 2.0%, for a new rate of 3.5%.The Governance Polling (FAQ) will be active for 3 days beginning on Monday, March 4th at 5pm UTC, the results of which will inform an Executive Vote (FAQ) which will go live on Friday, March 8th, at 5pm UTC.ReviewThe increase to the Stability Fee was discussed in the Governance call on Thursday, February 28. Please review the Video, Audio, and the online discussion to inform your position prior to voting.Key factors under consideration for increasing the Stability Fee are:Exchange price persists below $1High inventory levels among market makers and prop desksNo attributable impact from the previous Stability Fee increasesAnalysisAn examination of the available data strongly suggests a Stability Fee increase is warranted. The exchange price of Dai across several major exchanges, such as Coinbase Pro and Bitfinex, has been consistently hovering in the $0.975 to $0.985 range for 1–2 months. Decentralized exchanges with sufficient volume/liquidity, such as Eth2Dai, also confirm the same discrepancy.Below is an average price chart of the Dai trade history.Informal discussions with several large Dai market makers have suggested that inventory levels have run high, and balance sheet capacity has diminished. Informal polling through various community channels has also shown strong support for an increase.Incentivizing CDP closures through a Stability Fee increase (thereby reducing outstanding Dai) is strongly viewed as the appropriate action.Proposed ChangeIn February, the Stability Fee was increased twice, each time by 0.5%. The impact of this combined 1% increase was negligible, indicating that neither the target Stability Fee nor the incremental change was appropriate.Accordingly, the internal Risk Team suggests that the incremental step size for this and future proposals be increased by 2% until the trend in the peg has been corrected.Next StepsOn Monday, March 4th there will be a Governance Poll asking MKR token holders if they support or reject a Stability Fee increase of 2%. The poll will last until March 7th 4pm UTC.If an increase to 3.5% is insufficient as measured over the following 7 days, another proposal will be put forth for a subsequent 2% increase.— -ResourcesAdditional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAODemos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.To participate in future Governance calls, please join us every Thursday at 17:00 UTC.To add current and upcoming votes to your calendar please see the MakerDAO Public Events Calendar.Proposed Stability Fee Increase: +2% was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 04

Postmortem: Oasis Contract ...

On Friday the 8th of February, at 5pm UTC the Oasis team initiated a contract migration process on eth2dai.com due a vulnerability found in the old contract. As part of the upgrade process, users were asked to cancel resting orders on the old contract and migrate to a new contract. The migration process was completed on Saturday, the 9th of February at 5pm UTC. In an abundance of caution and with the intention of prioritizing user security, we provided limited detail at the time.This article provides additional detail about the vulnerability and describes briefly how the new Oasis contract matching engine works.Oasis smart contract internalsThe Oasis smart contract (internally called MatchingMarket) maintains an on-chain order book, which matches orders and settles trades.Oasis uses a fully-decentralised, on-chain architecture. It is a non-custodial marketplace which provides transparent, auditable, and a fully autonomous matching engine.The contract internally maintains a list of orders sorted by price. This structure makes order matching easy as long as there are orders to match. Adding a new order is also straightforward — the contract method goes through the order list until it finds the correct position to add a new order. This guarantees that the order book is sorted.If the matching engine is used (through the offer() function), it will always try to fill the order from the top of the order book. However, it is also possible to fill a specific order (through the buy() function) by providing an order ID as a parameter ( this is called “order cherry picking”).It is important to note that the Oasis contract doesn’t check if the order book is correctly sorted by price after an order is partially filled. It simply assumes that the price of whatever is left of any partially filled order doesn’t change.This assumption has proven to be false as the following vulnerability was found.Implicit price and the integer division problemTo fully understand the nature of this specific vulnerability, let’s have a look at how the MatchingMarket stores order information in its on-chain registry:The order information comprises the token type and the amount a user wants to sell (pay_amt, pay_gem), the token type and the amount a user wants to buy, the address from the order creator and the timestamp which represents when an order was created.Let’s use a real-world example from the end of January where an order with order ID 55525 got filled on the ETHDAI market. This order has a pay_amt value of 3787256913820008445 WETH and a buy_amt value of 408919634999999999959 DAI which results in a price of 107.9725 DAI per 1 WETH.To get a real representation of solidity internal values a division by 10¹⁸ is necessary. So with the order 55525 somebody wanted to sell 3.787 WETH for 408.90 DAI.When an order is partially filled, the buy(orderId, quantity) function calculates the token amount that needs to be paid for the quantity being bought as a simple proportion:spend = mul(quantity, offer.buy_amt) / offer.pay_amt;If someone fills half of the order 55525 (selling 1.89 WETH) the user will get 204.068043899999999965 DAI. As a result, an order with 1897256913820008445 ETH and 204851591099999999994 DAI with an implicit price (buy_amt/ pay_amt) of 107.9725 will remain as a resting order on the order book.So far so good. But what if somebody fills the order 55525 with 408919634999999999958 DAI? In this case the spend amount (i.e. the amount of sold WETH) should be calculated as 3787256913820008444.9907383833162718917975662228006418 which will be truncated to 3787256913820008444 because in solidity integer divisions result into truncation. As a result, order 55525 will be left with 0.000000000000000001 DAI and 0.000000000000000001 WETH and an unexpected implicit price of of 1 per 1 WETH.Dust orders and the erroneous fill incidentThe implicit price and integer division problem showed that dust orders should not actually spam the order book.The problem was recognized during the process of building the matching engine. Therefore, a dust limit for a given token type was added to ensure that the price of the order is correctly computed (up to the desired precision).The offer() function, which creates and adds a new order to the order book, checks if the order amount is greater than the so-called dust limit for a given token type.Unfortunately, this restriction was only imposed on the creation of a new order. A partial fill (99.999999999% of the order amount) could still result in a creation of a dust order with amounts small enough to severely distort the price of such an order.If a dust order with a distorted price appeared at the top of the order book’s sell or buy side a malicious attacker could create a low priced order which the matching engine would consider as the best offer.Community alertOn Monday the 28th of January, at 12:45 UTC a user named monero_rs informed the Oasis team on reddit about, which appeared to look like a flash crash on oasisdex.com.After analysis of the incident, the Oasis team found the vulnerability and prepared a fix two days later on Wednesday the 30th of January.The Oasis team considers the specific sequence of events around order 55525 an accident which did not result as pre-planned attack of a malicious actor whose goal was to manipulate the order book with the vulnerability described above.It is also worth noting that the user who actually sold Ether for the price of 70 DAI used a contract which did not specify a reasonable price limit that would have prevent the low priced order to be filled.However, the fact that a malicious actor could attack the order book was reason enough to proceed with an emergency contract upgrade. The new version of the contract simply returns any remaining dust of the partial fill that is smaller than the dust limit to the order creator.This contract migration is part of the ongoing and continuous cycle of monitoring, testing and upgrades that the Oasis team has in place to ensure we’re delivering the best possible solution for our users. We appreciate your patience and understanding as we moved from one contract to another.Postmortem: Oasis Contract Upgrade was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 01

Postmortem: Oasis Contract ...

On Friday the 8th of February, at 5pm UTC the Oasis team initiated a contract migration process on eth2dai.com due a vulnerability found in the old contract. As part of the upgrade process, users were asked to cancel resting orders on the old contract and migrate to a new contract. The migration process was completed on Saturday, the 9th of February at 5pm UTC. In an abundance of caution and with the intention of prioritizing user security, we provided limited detail at the time.This article provides additional detail about the vulnerability and describes briefly how the new Oasis contract matching engine works.Oasis smart contract internalsThe Oasis smart contract (internally called MatchingMarket) maintains an on-chain order book, which matches orders and settles trades.Oasis uses a fully-decentralised, on-chain architecture. It is a non-custodial marketplace which provides transparent, auditable, and a fully autonomous matching engine.The contract internally maintains a list of orders sorted by price. This structure makes order matching easy as long as there are orders to match. Adding a new order is also straightforward — the contract method goes through the order list until it finds the correct position to add a new order. This guarantees that the order book is sorted.If the matching engine is used (through the offer() function), it will always try to fill the order from the top of the order book. However, it is also possible to fill a specific order (through the buy() function) by providing an order ID as a parameter ( this is called “order cherry picking”).It is important to note that the Oasis contract doesn’t check if the order book is correctly sorted by price after an order is partially filled. It simply assumes that the price of whatever is left of any partially filled order doesn’t change.This assumption has proven to be false as the following vulnerability was found.Implicit price and the integer division problemTo fully understand the nature of this specific vulnerability, let’s have a look at how the MatchingMarket stores order information in its on-chain registry:The order information comprises the token type and the amount a user wants to sell (pay_amt, pay_gem), the token type and the amount a user wants to buy, the address from the order creator and the timestamp which represents when an order was created.Let’s use a real-world example from the end of January where an order with order ID 55525 got filled on the ETHDAI market. This order has a pay_amt value of 3787256913820008445 WETH and a buy_amt value of 408919634999999999959 DAI which results in a price of 107.9725 DAI per 1 WETH.To get a real representation of solidity internal values a division by 10¹⁸ is necessary. So with the order 55525 somebody wanted to sell 3.787 WETH for 408.90 DAI.When an order is partially filled, the buy(orderId, quantity) function calculates the token amount that needs to be paid for the quantity being bought as a simple proportion:spend = mul(quantity, offer.buy_amt) / offer.pay_amt;If someone fills half of the order 55525 (selling 1.89 WETH) the user will get 204.068043899999999965 DAI. As a result, an order with 1897256913820008445 ETH and 204851591099999999994 DAI with an implicit price (buy_amt/ pay_amt) of 107.9725 will remain as a resting order on the order book.So far so good. But what if somebody fills the order 55525 with 408919634999999999958 DAI? In this case the spend amount (i.e. the amount of sold WETH) should be calculated as 3787256913820008444.9907383833162718917975662228006418 which will be truncated to 3787256913820008444 because in solidity integer divisions result into truncation. As a result, order 55525 will be left with 0.000000000000000001 DAI and 0.000000000000000001 WETH and an unexpected implicit price of of 1 per 1 WETH.Dust orders and the erroneous fill incidentThe implicit price and integer division problem showed that dust orders should not actually spam the order book.The problem was recognized during the process of building the matching engine. Therefore, a dust limit for a given token type was added to ensure that the price of the order is correctly computed (up to the desired precision).The offer() function, which creates and adds a new order to the order book, checks if the order amount is greater than the so-called dust limit for a given token type.Unfortunately, this restriction was only imposed on the creation of a new order. A partial fill (99.999999999% of the order amount) could still result in a creation of a dust order with amounts small enough to severely distort the price of such an order.If a dust order with a distorted price appeared at the top of the order book’s sell or buy side a malicious attacker could create a low priced order which the matching engine would consider as the best offer.Community alertOn Monday the 28th of January, at 12:45 UTC a user named monero_rs informed the Oasis team on reddit about, which appeared to look like a flash crash on oasisdex.com.After analysis of the incident, the Oasis team found the vulnerability and prepared a fix two days later on Wednesday the 30th of January.The Oasis team considers the specific sequence of events around order 55525 an accident which did not result as pre-planned attack of a malicious actor whose goal was to manipulate the order book with the vulnerability described above.It is also worth noting that the user who actually sold Ether for the price of 70 DAI used a contract which did not specify a reasonable price limit that would have prevent the low priced order to be filled.However, the fact that a malicious actor could attack the order book was reason enough to proceed with an emergency contract upgrade. The new version of the contract simply returns any remaining dust of the partial fill that is smaller than the dust limit to the order creator.This contract migration is part of the ongoing and continuous cycle of monitoring, testing and upgrades that the Oasis team has in place to ensure we’re delivering the best possible solution for our users. We appreciate your patience and understanding as we moved from one contract to another.Postmortem: Oasis Contract Upgrade was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 01

Postmortem: Oasis Contract ...

On Friday the 8th of February, at 5pm UTC the Oasis team initiated a contract migration process on eth2dai.com due a vulnerability found in the old contract. As part of the upgrade process, users were asked to cancel resting orders on the old contract and migrate to a new contract. The migration process was completed on Saturday, the 9th of February at 5pm UTC. In an abundance of caution and with the intention of prioritizing user security, we provided limited detail at the time.This article provides additional detail about the vulnerability and describes briefly how the new Oasis contract matching engine works.Oasis smart contract internalsThe Oasis smart contract (internally called MatchingMarket) maintains an on-chain order book, which matches orders and settles trades.Oasis uses a fully-decentralised, on-chain architecture. It is a non-custodial marketplace which provides transparent, auditable, and a fully autonomous matching engine.The contract internally maintains a list of orders sorted by price. This structure makes order matching easy as long as there are orders to match. Adding a new order is also straightforward — the contract method goes through the order list until it finds the correct position to add a new order. This guarantees that the order book is sorted.If the matching engine is used (through the offer() function), it will always try to fill the order from the top of the order book. However, it is also possible to fill a specific order (through the buy() function) by providing an order ID as a parameter ( this is called “order cherry picking”).It is important to note that the Oasis contract doesn’t check if the order book is correctly sorted by price after an order is partially filled. It simply assumes that the price of whatever is left of any partially filled order doesn’t change.This assumption has proven to be false as the following vulnerability was found.Implicit price and the integer division problemTo fully understand the nature of this specific vulnerability, let’s have a look at how the MatchingMarket stores order information in its on-chain registry:The order information comprises the token type and the amount a user wants to sell (pay_amt, pay_gem), the token type and the amount a user wants to buy, the address from the order creator and the timestamp which represents when an order was created.Let’s use a real-world example from the end of January where an order with order ID 55525 got filled on the ETHDAI market. This order has a pay_amt value of 3787256913820008445 WETH and a buy_amt value of 408919634999999999959 DAI which results in a price of 107.9725 DAI per 1 WETH.To get a real representation of solidity internal values a division by 10¹⁸ is necessary. So with the order 55525 somebody wanted to sell 3.787 WETH for 408.90 DAI.When an order is partially filled, the buy(orderId, quantity) function calculates the token amount that needs to be paid for the quantity being bought as a simple proportion:spend = mul(quantity, offer.buy_amt) / offer.pay_amt;If someone fills half of the order 55525 (selling 1.89 WETH) the user will get 204.068043899999999965 DAI. As a result, an order with 1897256913820008445 ETH and 204851591099999999994 DAI with an implicit price (buy_amt/ pay_amt) of 107.9725 will remain as a resting order on the order book.So far so good. But what if somebody fills the order 55525 with 408919634999999999958 DAI? In this case the spend amount (i.e. the amount of sold WETH) should be calculated as 3787256913820008444.9907383833162718917975662228006418 which will be truncated to 3787256913820008444 because in solidity integer divisions result into truncation. As a result, order 55525 will be left with 0.000000000000000001 DAI and 0.000000000000000001 WETH and an unexpected implicit price of of 1 per 1 WETH.Dust orders and the erroneous fill incidentThe implicit price and integer division problem showed that dust orders should not actually spam the order book.The problem was recognized during the process of building the matching engine. Therefore, a dust limit for a given token type was added to ensure that the price of the order is correctly computed (up to the desired precision).The offer() function, which creates and adds a new order to the order book, checks if the order amount is greater than the so-called dust limit for a given token type.Unfortunately, this restriction was only imposed on the creation of a new order. A partial fill (99.999999999% of the order amount) could still result in a creation of a dust order with amounts small enough to severely distort the price of such an order.If a dust order with a distorted price appeared at the top of the order book’s sell or buy side a malicious attacker could create a low priced order which the matching engine would consider as the best offer.Community alertOn Monday the 28th of January, at 12:45 UTC a user named monero_rs informed the Oasis team on reddit about, which appeared to look like a flash crash on oasisdex.com.After analysis of the incident, the Oasis team found the vulnerability and prepared a fix two days later on Wednesday the 30th of January.The Oasis team considers the specific sequence of events around order 55525 an accident which did not result as pre-planned attack of a malicious actor whose goal was to manipulate the order book with the vulnerability described above.It is also worth noting that the user who actually sold Ether for the price of 70 DAI used a contract which did not specify a reasonable price limit that would have prevent the low priced order to be filled.However, the fact that a malicious actor could attack the order book was reason enough to proceed with an emergency contract upgrade. The new version of the contract simply returns any remaining dust of the partial fill that is smaller than the dust limit to the order creator.This contract migration is part of the ongoing and continuous cycle of monitoring, testing and upgrades that the Oasis team has in place to ensure we’re delivering the best possible solution for our users. We appreciate your patience and understanding as we moved from one contract to another.Postmortem: Oasis Contract Upgrade was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 03. 01

Making Maker: February 2019

Here’s the February update on the latest with Maker.First, some key statistics. To date:2,100,835 ETH locked upOver 2% of the entire ETH supply locked up in Maker smart contracts88,359,554 Total Dai SupplyIncreasing the Stability Fee to 1.5%February was a big month for governance in action. A proposal was placed into the voting structure to raise the Dai Stability Fee by 0.5%, for a rate of 1%, and then another was introduced later in the month for an increased rate of 1.5%. Key factors for increasing the stability fee were: high inventory levels, exchange rate persists below $1, and no attributable impact from the previous stability fee increase. Notably, all the decisions were collectively made in a decentralized manner by the Maker governance (MKR holders), based on the available data and its analysis.Joining the Mexico Freedom ForumWe’re passionate about serving the underserved. We aim to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment. The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. The community embodies the principles of the Foundation. This year, OFF hosted a satellite event in Mexico City.Notable speakers included: Iranian Canadian journalist Maziar Bahari, Ecuadorian political cartoonist Xavier “Bonil” Bonilla, Mexican historian Enrique Krauze and more.Trading Fractional Shares of Real Estate with MeridioMeridio is empowering owning and trading fractional shares of real estate. They integrated Dai into their platform last summer to benefit from trustless trades and nearly instant settlement time. The integration is important for Meridio peer-to-peer trades, Ether balance conversion, and balance displays. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which enables the benefits of a stable currency, while still gaining the efficiencies of smart contracts.Read more here.Maker at ETHDenver: BuffiDai and moreNotably, we were excited to support BuffiDai, the local currency and the backbone of the ETHDenver ecosystem. A successful dappy hour was made possible through collaboration with Burner Wallet and xDai, the Dai living on xDai chain brought to life by POA Network. Austin Griffith’s xDai.io wallet played a key role through ETHDenverWallet. The wallet was a telling, wide-scale usability test. The xDai wallet has huge implications as it can facilitate the creation of pop-up marketplaces anywhere, for free.Through ETHDenver, we’re proud to share that we were able to raise 3066 buffiDai, 72.96 xDai, 2 Dai, through 1154 individual donations. Donations went to charity through UNICEF.fr and GRACEaid.We kicked off BUIDLweek with an early workshop on decentralized finance with Aave. Maker hosted several workshops and talks over the weekend, including topics on Oracles, Dai.js, DSProxy, “A Year in Review” and business development.Learn more here.See ETHDenver Bounty Winners here.Integrating with MakerDeveloper Documentation: Many important constituents touch our ecosystem, and we’ve outlined specific methodology for each one, depending on if you’re a centralized exchange, dex, keeper, Dai holder, custodial wallet, relayer, or CDP owner. We’ve published guides and tutorials to help you understand the various approaches to integrating with MakerDAO through smart contracts, SDKs, APIs and other products. These cover pertinent topics like CDP creation, Dai, Governance, Keepers, Oracles, and more. Check it out here.Here are some exciting integrations and notable use cases this month:Wirex added Dai to their Wirex Visa Card, giving you the power to seamlessly spend your cryptocurrency in real life, anywhere Visa is accepted.LocalCoinSwap launched the first community-owned, P2P crypto marketplace. You can now buy and sell Dai in over 190 countries worldwide and with over 250 payment methods.Aave launched Aave Pay, where you can pay directly with Dai and other cryptocurrencies. Benefits include competitive exchange rates and cross-border payments.Dai is now available on Counter.Market, a non-custodial trading platform.FACTOR-805, a new Brooklyn condominium and retail construction, integrated Dai for payment and interest. You can invest in a Brooklyn property with Dai, and receive an expected yield of 13.24%, also in Dai.Loan yourself money with MakerDAO. When Mariano Conti wanted a loan for a new Ford Focus, he didn’t go to a bank. Instead, he drew a loan from himself.Bloqboard integrated CDPs directly into their lending platform. You can borrow Dai in one-click and manage CDPs from a convenient dashboard.Making Maker: February 2019 was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 28

Making Maker: February 2019

Here’s the February update on the latest with Maker.First, some key statistics. To date:2,100,835 ETH locked upOver 2% of the entire ETH supply locked up in Maker smart contracts88,359,554 Total Dai SupplyIncreasing the Stability Fee to 1.5%February was a big month for governance in action. A proposal was placed into the voting structure to raise the Dai Stability Fee by 0.5%, for a rate of 1%, and then another was introduced later in the month for an increased rate of 1.5%. Key factors for increasing the stability fee were: high inventory levels, exchange rate persists below $1, and no attributable impact from the previous stability fee increase. Notably, all the decisions were collectively made in a decentralized manner by the Maker governance (MKR holders), based on the available data and its analysis.Joining the Mexico Freedom ForumWe’re passionate about serving the underserved. We aim to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment. The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. The community embodies the principles of the Foundation. This year, OFF hosted a satellite event in Mexico City.Notable speakers included: Iranian Canadian journalist Maziar Bahari, Ecuadorian political cartoonist Xavier “Bonil” Bonilla, Mexican historian Enrique Krauze and more.Trading Fractional Shares of Real Estate with MeridioMeridio is empowering owning and trading fractional shares of real estate. They integrated Dai into their platform last summer to benefit from trustless trades and nearly instant settlement time. The integration is important for Meridio peer-to-peer trades, Ether balance conversion, and balance displays. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which enables the benefits of a stable currency, while still gaining the efficiencies of smart contracts.Read more here.Maker at ETHDenver: BuffiDai and moreNotably, we were excited to support BuffiDai, the local currency and the backbone of the ETHDenver ecosystem. A successful dappy hour was made possible through collaboration with Burner Wallet and xDai, the Dai living on xDai chain brought to life by POA Network. Austin Griffith’s xDai.io wallet played a key role through ETHDenverWallet. The wallet was a telling, wide-scale usability test. The xDai wallet has huge implications as it can facilitate the creation of pop-up marketplaces anywhere, for free.Through ETHDenver, we’re proud to share that we were able to raise 3066 buffiDai, 72.96 xDai, 2 Dai, through 1154 individual donations. Donations went to charity through UNICEF.fr and GRACEaid.We kicked off BUIDLweek with an early workshop on decentralized finance with Aave. Maker hosted several workshops and talks over the weekend, including topics on Oracles, Dai.js, DSProxy, “A Year in Review” and business development.Learn more here.See ETHDenver Bounty Winners here.Integrating with MakerDeveloper Documentation: Many important constituents touch our ecosystem, and we’ve outlined specific methodology for each one, depending on if you’re a centralized exchange, dex, keeper, Dai holder, custodial wallet, relayer, or CDP owner. We’ve published guides and tutorials to help you understand the various approaches to integrating with MakerDAO through smart contracts, SDKs, APIs and other products. These cover pertinent topics like CDP creation, Dai, Governance, Keepers, Oracles, and more. Check it out here.Here are some exciting integrations and notable use cases this month:Wirex added Dai to their Wirex Visa Card, giving you the power to seamlessly spend your cryptocurrency in real life, anywhere Visa is accepted.LocalCoinSwap launched the first community-owned, P2P crypto marketplace. You can now buy and sell Dai in over 190 countries worldwide and with over 250 payment methods.Aave launched Aave Pay, where you can pay directly with Dai and other cryptocurrencies. Benefits include competitive exchange rates and cross-border payments.Dai is now available on Counter.Market, a non-custodial trading platform.FACTOR-805, a new Brooklyn condominium and retail construction, integrated Dai for payment and interest. You can invest in a Brooklyn property with Dai, and receive an expected yield of 13.24%, also in Dai.Loan yourself money with MakerDAO. When Mariano Conti wanted a loan for a new Ford Focus, he didn’t go to a bank. Instead, he drew a loan from himself.Bloqboard integrated CDPs directly into their lending platform. You can borrow Dai in one-click and manage CDPs from a convenient dashboard.Making Maker: February 2019 was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 28

Making Maker: February 2019

Here’s the February update on the latest with Maker.First, some key statistics. To date:2,100,835 ETH locked upOver 2% of the entire ETH supply locked up in Maker smart contracts88,359,554 Total Dai SupplyIncreasing the Stability Fee to 1.5%February was a big month for governance in action. A proposal was placed into the voting structure to raise the Dai Stability Fee by 0.5%, for a rate of 1%, and then another was introduced later in the month for an increased rate of 1.5%. Key factors for increasing the stability fee were: high inventory levels, exchange rate persists below $1, and no attributable impact from the previous stability fee increase. Notably, all the decisions were collectively made in a decentralized manner by the Maker governance (MKR holders), based on the available data and its analysis.Joining the Mexico Freedom ForumWe’re passionate about serving the underserved. We aim to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment. The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. The community embodies the principles of the Foundation. This year, OFF hosted a satellite event in Mexico City.Notable speakers included: Iranian Canadian journalist Maziar Bahari, Ecuadorian political cartoonist Xavier “Bonil” Bonilla, Mexican historian Enrique Krauze and more.Trading Fractional Shares of Real Estate with MeridioMeridio is empowering owning and trading fractional shares of real estate. They integrated Dai into their platform last summer to benefit from trustless trades and nearly instant settlement time. The integration is important for Meridio peer-to-peer trades, Ether balance conversion, and balance displays. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which enables the benefits of a stable currency, while still gaining the efficiencies of smart contracts.Read more here.Maker at ETHDenver: BuffiDai and moreNotably, we were excited to support BuffiDai, the local currency and the backbone of the ETHDenver ecosystem. A successful dappy hour was made possible through collaboration with Burner Wallet and xDai, the Dai living on xDai chain brought to life by POA Network. Austin Griffith’s xDai.io wallet played a key role through ETHDenverWallet. The wallet was a telling, wide-scale usability test. The xDai wallet has huge implications as it can facilitate the creation of pop-up marketplaces anywhere, for free.Through ETHDenver, we’re proud to share that we were able to raise 3066 buffiDai, 72.96 xDai, 2 Dai, through 1154 individual donations. Donations went to charity through UNICEF.fr and GRACEaid.We kicked off BUIDLweek with an early workshop on decentralized finance with Aave. Maker hosted several workshops and talks over the weekend, including topics on Oracles, Dai.js, DSProxy, “A Year in Review” and business development.Learn more here.See ETHDenver Bounty Winners here.Integrating with MakerDeveloper Documentation: Many important constituents touch our ecosystem, and we’ve outlined specific methodology for each one, depending on if you’re a centralized exchange, dex, keeper, Dai holder, custodial wallet, relayer, or CDP owner. We’ve published guides and tutorials to help you understand the various approaches to integrating with MakerDAO through smart contracts, SDKs, APIs and other products. These cover pertinent topics like CDP creation, Dai, Governance, Keepers, Oracles, and more. Check it out here.Here are some exciting integrations and notable use cases this month:Wirex added Dai to their Wirex Visa Card, giving you the power to seamlessly spend your cryptocurrency in real life, anywhere Visa is accepted.LocalCoinSwap launched the first community-owned, P2P crypto marketplace. You can now buy and sell Dai in over 190 countries worldwide and with over 250 payment methods.Aave launched Aave Pay, where you can pay directly with Dai and other cryptocurrencies. Benefits include competitive exchange rates and cross-border payments.Dai is now available on Counter.Market, a non-custodial trading platform.FACTOR-805, a new Brooklyn condominium and retail construction, integrated Dai for payment and interest. You can invest in a Brooklyn property with Dai, and receive an expected yield of 13.24%, also in Dai.Loan yourself money with MakerDAO. When Mariano Conti wanted a loan for a new Ford Focus, he didn’t go to a bank. Instead, he drew a loan from himself.Bloqboard integrated CDPs directly into their lending platform. You can borrow Dai in one-click and manage CDPs from a convenient dashboard.Making Maker: February 2019 was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 28

People + xDai + Burner Wall...

A good crypto conference is a magical thing and John Paller did it again at ETHDenver 2019. Attendees were energised, focused, sharing, and generally busy as hell as we all gathered together to ‘do crypto’ for 36 hours.In addition to the hacking, relationship building and information sharing, there was one teeny-tiny project that happened at just one booth and one bar which ended up delivering an outsized impact.Austin Griffith’s xDai.io wallet played a key role at the event in the form of the ETHDenverWallet. His wallet is a fantastic, wide-scale usability test designed to figure out where we should draw the line between convenience and security. Judging from the number of buffiDai transactions we saw, the rapid adoption from the vendors, and the total sales, it’s a safe bet that the xDai wallet community might have found that balance.We think so too, if community interest is any judge; we’ve spent a good chunk of the last week coordinating a growing list of teams and organizations from all over the world that are looking to create their own ‘ETHDenver Wallets.’ MakerDAO was thrilled help out and get a front row seat to this level of awesomeness.https://twitter.com/richatmakerdao/status/1099019644243832833Check out Austin’s great write-up if you want to see exactly how easy onboarding can be if we take a second look at UX and give users a wallet to buy snacks with instead of a bank vault…The Plan: buffiDai for CharityAt the event, we spent most of our time busily explaining the nuances of MakerDAO, as well as how the xDai wallet can facilitate the creation of pop-up marketplaces anywhere, for free. It soon occurred to us that the table we were standing was a good place to test this pop-up theory in real-time.We were giving away swag already, so we had inventory. We had a couple of tablets, so the point of sale system was covered. All attendees were given buffiDai, so we knew they had the funds. We also had foot-traffic… so why not start accepting donations for swag and then donate the proceeds to charity?https://twitter.com/richatmakerdao/status/1097247841297129472In less than 10 minutes we’d finished setting up our own pop-up crypto market. During the next day and a half we were able to “sell” our previously free socks and hats for 1 buffiDai each. Our transformation from happy-go-lucky crypto-evangelists to fund-raising always-be-closers was in full swing.https://twitter.com/richatmakerdao/status/1097294932585242624As the main event began to wind down, and dappy hour approached, it became apparent that we were onto something… Why not collect donations at the afterparty as well? Thanks to our good friend Nate McKervey at Splunk (and furiously coordinated by Brian Ethier), they whipped up a full dashboarding tool that not only tracked donations on all the bar’s TVs, they also added a heatmap to display on-chain messages along with the donations. #drinkingforgood was born.https://twitter.com/DataPhysicist/status/1097565208287952897Because this is crypto, the night wouldn’t be complete without at least one exploit, even if it only occurred in real life. We had a few volunteers running the POS tablets on the crypto-only side of the bar, and when one of them stepped away for a minute an enterprising patron decided to abscond with the funds from the unattended bar wallet.The evil-doer(s) walked away with about 250 buffiDai for their troubles and then spent some time trading the loot from wallet to wallet to cover their tracks. Ultimately, the money was deposited into the donation address with an added bonus of a few extra tokens it picked up in its travels. We’ve decided to leave the crypto there (and not put it back in the bar tab) as a ‘thank you’ for the cool larceny, and because of our criminals’ heartfelt apology: “Erm”.Don’t worry, all is forgiven.Even after the event was over, the crypto community kept on giving:https://twitter.com/Sim_Pop/status/1097638201563308032We continued to receive donations from people on the long trek home who were sending us screenshots of buffiDai coming in from airports all over the world.The TakeAfter the crypto-dust settled, and the numbers came in, we found that simply by picking a handy opportunity, setting up a tablet and selling some swag, we were able to raise 3066 buffiDai, 72.96 xDai, 2 Dai, through 1154 individual donations.After converting the tokens into real money, i.e. Dai, we split the pool of $1570.52 evenly between UNICEF.fr (TX)and GRACEaid (TX).As a side note: our donation to GRACEaid was done through the amazing Giveth.io dapp, take a look around their site to discover other worthy causes.Thanks to everyone involved at ETHDenver and to all of the gracious attendees for reminding us just how generous the crypto community can be. Special shout out to some of our most generous patrons: @AnettRolikova, @TrustlessState, @davecraige, @theflyinghutch, and @A_D_I.People + xDai + Burner Wallet = Portable Giving was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 27

People + xDai + Burner Wall...

A good crypto conference is a magical thing and John Paller did it again at ETHDenver 2019. Attendees were energised, focused, sharing, and generally busy as hell as we all gathered together to ‘do crypto’ for 36 hours.In addition to the hacking, relationship building and information sharing, there was one teeny-tiny project that happened at just one booth and one bar which ended up delivering an outsized impact.Austin Griffith’s xDai.io wallet played a key role at the event in the form of the ETHDenverWallet. His wallet is a fantastic, wide-scale usability test designed to figure out where we should draw the line between convenience and security. Judging from the number of buffiDai transactions we saw, the rapid adoption from the vendors, and the total sales, it’s a safe bet that the xDai wallet community might have found that balance.We think so too, if community interest is any judge; we’ve spent a good chunk of the last week coordinating a growing list of teams and organizations from all over the world that are looking to create their own ‘ETHDenver Wallets.’ MakerDAO was thrilled help out and get a front row seat to this level of awesomeness.https://twitter.com/richatmakerdao/status/1099019644243832833Check out Austin’s great write-up if you want to see exactly how easy onboarding can be if we take a second look at UX and give users a wallet to buy snacks with instead of a bank vault…The Plan: buffiDai for CharityAt the event, we spent most of our time busily explaining the nuances of MakerDAO, as well as how the xDai wallet can facilitate the creation of pop-up marketplaces anywhere, for free. It soon occurred to us that the table we were standing was a good place to test this pop-up theory in real-time.We were giving away swag already, so we had inventory. We had a couple of tablets, so the point of sale system was covered. All attendees were given buffiDai, so we knew they had the funds. We also had foot-traffic… so why not start accepting donations for swag and then donate the proceeds to charity?https://twitter.com/richatmakerdao/status/1097247841297129472In less than 10 minutes we’d finished setting up our own pop-up crypto market. During the next day and a half we were able to “sell” our previously free socks and hats for 1 buffiDai each. Our transformation from happy-go-lucky crypto-evangelists to fund-raising always-be-closers was in full swing.https://twitter.com/richatmakerdao/status/1097294932585242624As the main event began to wind down, and dappy hour approached, it became apparent that we were onto something… Why not collect donations at the afterparty as well? Thanks to our good friend Nate McKervey at Splunk (and furiously coordinated by Brian Ethier), they whipped up a full dashboarding tool that not only tracked donations on all the bar’s TVs, they also added a heatmap to display on-chain messages along with the donations. #drinkingforgood was born.https://twitter.com/DataPhysicist/status/1097565208287952897Because this is crypto, the night wouldn’t be complete without at least one exploit, even if it only occurred in real life. We had a few volunteers running the POS tablets on the crypto-only side of the bar, and when one of them stepped away for a minute an enterprising patron decided to abscond with the funds from the unattended bar wallet.The evil-doer(s) walked away with about 250 buffiDai for their troubles and then spent some time trading the loot from wallet to wallet to cover their tracks. Ultimately, the money was deposited into the donation address with an added bonus of a few extra tokens it picked up in its travels. We’ve decided to leave the crypto there (and not put it back in the bar tab) as a ‘thank you’ for the cool larceny, and because of our criminals’ heartfelt apology: “Erm”.Don’t worry, all is forgiven.Even after the event was over, the crypto community kept on giving:https://twitter.com/Sim_Pop/status/1097638201563308032We continued to receive donations from people on the long trek home who were sending us screenshots of buffiDai coming in from airports all over the world.The TakeAfter the crypto-dust settled, and the numbers came in, we found that simply by picking a handy opportunity, setting up a tablet and selling some swag, we were able to raise 3066 buffiDai, 72.96 xDai, 2 Dai, through 1154 individual donations.After converting the tokens into real money, i.e. Dai, we split the pool of $1570.52 evenly between UNICEF.fr (TX)and GRACEaid (TX).As a side note: our donation to GRACEaid was done through the amazing Giveth.io dapp, take a look around their site to discover other worthy causes.Thanks to everyone involved at ETHDenver and to all of the gracious attendees for reminding us just how generous the crypto community can be. Special shout out to some of our most generous patrons: @AnettRolikova, @TrustlessState, @davecraige, @theflyinghutch, and @A_D_I.People + xDai + Burner Wallet = Portable Giving was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 27

People + xDai + Burner Wall...

A good crypto conference is a magical thing and John Paller did it again at ETHDenver 2019. Attendees were energised, focused, sharing, and generally busy as hell as we all gathered together to ‘do crypto’ for 36 hours.In addition to the hacking, relationship building and information sharing, there was one teeny-tiny project that happened at just one booth and one bar which ended up delivering an outsized impact.Austin Griffith’s xDai.io wallet played a key role at the event in the form of the ETHDenverWallet. His wallet is a fantastic, wide-scale usability test designed to figure out where we should draw the line between convenience and security. Judging from the number of buffiDai transactions we saw, the rapid adoption from the vendors, and the total sales, it’s a safe bet that the xDai wallet community might have found that balance.We think so too, if community interest is any judge; we’ve spent a good chunk of the last week coordinating a growing list of teams and organizations from all over the world that are looking to create their own ‘ETHDenver Wallets.’ MakerDAO was thrilled help out and get a front row seat to this level of awesomeness.https://twitter.com/richatmakerdao/status/1099019644243832833Check out Austin’s great write-up if you want to see exactly how easy onboarding can be if we take a second look at UX and give users a wallet to buy snacks with instead of a bank vault…The Plan: buffiDai for CharityAt the event, we spent most of our time busily explaining the nuances of MakerDAO, as well as how the xDai wallet can facilitate the creation of pop-up marketplaces anywhere, for free. It soon occurred to us that the table we were standing was a good place to test this pop-up theory in real-time.We were giving away swag already, so we had inventory. We had a couple of tablets, so the point of sale system was covered. All attendees were given buffiDai, so we knew they had the funds. We also had foot-traffic… so why not start accepting donations for swag and then donate the proceeds to charity?https://twitter.com/richatmakerdao/status/1097247841297129472In less than 10 minutes we’d finished setting up our own pop-up crypto market. During the next day and a half we were able to “sell” our previously free socks and hats for 1 buffiDai each. Our transformation from happy-go-lucky crypto-evangelists to fund-raising always-be-closers was in full swing.https://twitter.com/richatmakerdao/status/1097294932585242624As the main event began to wind down, and dappy hour approached, it became apparent that we were onto something… Why not collect donations at the afterparty as well? Thanks to our good friend Nate McKervey at Splunk (and furiously coordinated by Brian Ethier), they whipped up a full dashboarding tool that not only tracked donations on all the bar’s TVs, they also added a heatmap to display on-chain messages along with the donations. #drinkingforgood was born.https://twitter.com/DataPhysicist/status/1097565208287952897Because this is crypto, the night wouldn’t be complete without at least one exploit, even if it only occurred in real life. We had a few volunteers running the POS tablets on the crypto-only side of the bar, and when one of them stepped away for a minute an enterprising patron decided to abscond with the funds from the unattended bar wallet.The evil-doer(s) walked away with about 250 buffiDai for their troubles and then spent some time trading the loot from wallet to wallet to cover their tracks. Ultimately, the money was deposited into the donation address with an added bonus of a few extra tokens it picked up in its travels. We’ve decided to leave the crypto there (and not put it back in the bar tab) as a ‘thank you’ for the cool larceny, and because of our criminals’ heartfelt apology: “Erm”.Don’t worry, all is forgiven.Even after the event was over, the crypto community kept on giving:https://twitter.com/Sim_Pop/status/1097638201563308032We continued to receive donations from people on the long trek home who were sending us screenshots of buffiDai coming in from airports all over the world.The TakeAfter the crypto-dust settled, and the numbers came in, we found that simply by picking a handy opportunity, setting up a tablet and selling some swag, we were able to raise 3066 buffiDai, 72.96 xDai, 2 Dai, through 1154 individual donations.After converting the tokens into real money, i.e. Dai, we split the pool of $1570.52 evenly between UNICEF.fr (TX)and GRACEaid (TX).As a side note: our donation to GRACEaid was done through the amazing Giveth.io dapp, take a look around their site to discover other worthy causes.Thanks to everyone involved at ETHDenver and to all of the gracious attendees for reminding us just how generous the crypto community can be. Special shout out to some of our most generous patrons: @AnettRolikova, @TrustlessState, @davecraige, @theflyinghutch, and @A_D_I.People + xDai + Burner Wallet = Portable Giving was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 27

Dai Developer Documentation

The MakerDAO ecosystem is designed as an elegant solution for an endless number of applications enabling decentralized finance. A critical part of that is fostering our developer community and supporting a wide network of open finance applications building on the Dai Credit System. This past year, we’ve seen incredible use cases and examples of powerful tools that integrate Dai.These include projects like:Request.Network is building a decentralized network for payment requests.Compound.finance is tackling efficient interest rates and creating a market for unutilized virtual currency.Maecenas is building a blockchain network for fine art.In this post, we will share more on where you can find documentation that will guide developers through the process. These guides and tutorials enable you to understand the various approaches to integrating with MakerDAO through smart contracts, SDKs, APIs and other products. These cover pertinent topics like CDP creation, Dai, Governance, Keepers, Oracles, and more.Integrating with MakerWe’re proud to see a wide range of products and services integrate with Maker. The more projects integrate Dai, the faster we can get to scale and sooner we will be able to deliver on our promise of enabling economic empowerment for all.There are many important constituents that touch our ecosystem, and we’ve outlined specific methodology depending on if you’re a centralized exchange, ddex, keeper, Dai holder, custodial wallet, relayer, or CDP owner.At a high-level, you can find documentation here on our website and our developer integration guides in our dedicated Github repo here.To dive in further, we’ve put together a series of guides for specific partner types to access relevant documentation:Upgrading to Multi-Collateral DaiThis guide shares an overview on the steps necessary to migrate from Single-Collateral Dai (SCD) to Multi-Collateral Dai. Depending on your platform and use case for Dai, we’ve outlined various approaches to upgrading to MCD.Read more: Upgrading to Multi-Collateral DaiExchangesThis is a one-stop shop for information necessary for exchanges, such as our token contracts for both Mainnet and Kovan Testnet, listing symbols, token libraries and documentation for DSToken, the standard for Maker tokens.Check out more here: ExchangesWalletsUse this guide to integrate the DAI and MKR ERC-20 tokens into a wallet. Find easy access to our token contracts, source code and libraries.Read more here: WalletsRemittance ServicesThis guide is for remittance services seeking to integrate with Maker products. We share helpful resources from our partners which provide on-off ramps for Dai liquidity and easy Dai to fiat currency conversion. Our partners include Wyre, Ripio, Buenbit and Orionx. Fiat on-off ramps are valuable for remittance, commerce and for users just seeking to cash out Dai holdings in local currencies. Check out this guide if you’re looking to drive user adoption and bridge the gap between fiat and crypto.Check out more here: Remittance servicesKeepersThis guide is for partners interested in implementing Keepers: programs that automatically monitor and interact with CDPs and the Dai Credit System. Learn more about automatic interaction with CDP auctions and managing your CDPs.Learn more here: KeepersMarket MakersIf you’re looking for market making resources, this guide gives insight into the various repositories to create custom Keepers or run a Keeper node. Here you’ll be able to find access to our repo on Market Maker statistics which provides tools for visualizing market making data, as well as our repo on a set of keepers that have been implemented to facilitate market making for ddexs.Read more here: Market MakersDai Developer Documentation was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 26

Dai Developer Documentation

The MakerDAO ecosystem is designed as an elegant solution for an endless number of applications enabling decentralized finance. A critical part of that is fostering our developer community and supporting a wide network of open finance applications building on the Dai Credit System. This past year, we’ve seen incredible use cases and examples of powerful tools that integrate Dai.These include projects like:Request.Network is building a decentralized network for payment requests.Compound.finance is tackling efficient interest rates and creating a market for unutilized virtual currency.Maecenas is building a blockchain network for fine art.In this post, we will share more on where you can find documentation that will guide developers through the process. These guides and tutorials enable you to understand the various approaches to integrating with MakerDAO through smart contracts, SDKs, APIs and other products. These cover pertinent topics like CDP creation, Dai, Governance, Keepers, Oracles, and more.Integrating with MakerWe’re proud to see a wide range of products and services integrate with Maker. The more projects integrate Dai, the faster we can get to scale and sooner we will be able to deliver on our promise of enabling economic empowerment for all.There are many important constituents that touch our ecosystem, and we’ve outlined specific methodology depending on if you’re a centralized exchange, ddex, keeper, Dai holder, custodial wallet, relayer, or CDP owner.At a high-level, you can find documentation here on our website and our developer integration guides in our dedicated Github repo here.To dive in further, we’ve put together a series of guides for specific partner types to access relevant documentation:Upgrading to Multi-Collateral DaiThis guide shares an overview on the steps necessary to migrate from Single-Collateral Dai (SCD) to Multi-Collateral Dai. Depending on your platform and use case for Dai, we’ve outlined various approaches to upgrading to MCD.Read more: Upgrading to Multi-Collateral DaiExchangesThis is a one-stop shop for information necessary for exchanges, such as our token contracts for both Mainnet and Kovan Testnet, listing symbols, token libraries and documentation for DSToken, the standard for Maker tokens.Check out more here: ExchangesWalletsUse this guide to integrate the DAI and MKR ERC-20 tokens into a wallet. Find easy access to our token contracts, source code and libraries.Read more here: WalletsRemittance ServicesThis guide is for remittance services seeking to integrate with Maker products. We share helpful resources from our partners which provide on-off ramps for Dai liquidity and easy Dai to fiat currency conversion. Our partners include Wyre, Ripio, Buenbit and Orionx. Fiat on-off ramps are valuable for remittance, commerce and for users just seeking to cash out Dai holdings in local currencies. Check out this guide if you’re looking to drive user adoption and bridge the gap between fiat and crypto.Check out more here: Remittance servicesKeepersThis guide is for partners interested in implementing Keepers: programs that automatically monitor and interact with CDPs and the Dai Credit System. Learn more about automatic interaction with CDP auctions and managing your CDPs.Learn more here: KeepersMarket MakersIf you’re looking for market making resources, this guide gives insight into the various repositories to create custom Keepers or run a Keeper node. Here you’ll be able to find access to our repo on Market Maker statistics which provides tools for visualizing market making data, as well as our repo on a set of keepers that have been implemented to facilitate market making for ddexs.Read more here: Market MakersDai Developer Documentation was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 26

Dai Developer Documentation

The MakerDAO ecosystem is designed as an elegant solution for an endless number of applications enabling decentralized finance. A critical part of that is fostering our developer community and supporting a wide network of open finance applications building on the Dai Credit System. This past year, we’ve seen incredible use cases and examples of powerful tools that integrate Dai.These include projects like:Request.Network is building a decentralized network for payment requests.Compound.finance is tackling efficient interest rates and creating a market for unutilized virtual currency.Maecenas is building a blockchain network for fine art.In this post, we will share more on where you can find documentation that will guide developers through the process. These guides and tutorials enable you to understand the various approaches to integrating with MakerDAO through smart contracts, SDKs, APIs and other products. These cover pertinent topics like CDP creation, Dai, Governance, Keepers, Oracles, and more.Integrating with MakerWe’re proud to see a wide range of products and services integrate with Maker. The more projects integrate Dai, the faster we can get to scale and sooner we will be able to deliver on our promise of enabling economic empowerment for all.There are many important constituents that touch our ecosystem, and we’ve outlined specific methodology depending on if you’re a centralized exchange, ddex, keeper, Dai holder, custodial wallet, relayer, or CDP owner.At a high-level, you can find documentation here on our website and our developer integration guides in our dedicated Github repo here.To dive in further, we’ve put together a series of guides for specific partner types to access relevant documentation:Upgrading to Multi-Collateral DaiThis guide shares an overview on the steps necessary to migrate from Single-Collateral Dai (SCD) to Multi-Collateral Dai. Depending on your platform and use case for Dai, we’ve outlined various approaches to upgrading to MCD.Read more: Upgrading to Multi-Collateral DaiExchangesThis is a one-stop shop for information necessary for exchanges, such as our token contracts for both Mainnet and Kovan Testnet, listing symbols, token libraries and documentation for DSToken, the standard for Maker tokens.Check out more here: ExchangesWalletsUse this guide to integrate the DAI and MKR ERC-20 tokens into a wallet. Find easy access to our token contracts, source code and libraries.Read more here: WalletsRemittance ServicesThis guide is for remittance services seeking to integrate with Maker products. We share helpful resources from our partners which provide on-off ramps for Dai liquidity and easy Dai to fiat currency conversion. Our partners include Wyre, Ripio, Buenbit and Orionx. Fiat on-off ramps are valuable for remittance, commerce and for users just seeking to cash out Dai holdings in local currencies. Check out this guide if you’re looking to drive user adoption and bridge the gap between fiat and crypto.Check out more here: Remittance servicesKeepersThis guide is for partners interested in implementing Keepers: programs that automatically monitor and interact with CDPs and the Dai Credit System. Learn more about automatic interaction with CDP auctions and managing your CDPs.Learn more here: KeepersMarket MakersIf you’re looking for market making resources, this guide gives insight into the various repositories to create custom Keepers or run a Keeper node. Here you’ll be able to find access to our repo on Market Maker statistics which provides tools for visualizing market making data, as well as our repo on a set of keepers that have been implemented to facilitate market making for ddexs.Read more here: Market MakersDai Developer Documentation was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 26

MakerDAO at the Mexico Free...

The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. OFF brings together leaders in advocacy, business, technology, policy, philanthropy, media, academia, and arts to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe. It has evolved from an annual flagship event in Oslo to include satellite events around the world including New York, Johannesburg, Mexico City, and Taiwan.At OFFinMexico, you will hear powerful talks, explore an interactive expo of creative brands working at the intersection of entrepreneurship and human rights, learn how expert technologists are building tools to defend democracy, and meet a community of people dedicated to making the world more peaceful, prosperous, and free.MakerDAO is participating in this event as it perfectly communicates with one of the principles of the Foundation. Serving the Underserved.Serving the underserved refers to our focus on Dai adoption in emerging markets by recognizing the tremendous opportunities for growth that results from reducing inefficiencies in the global economy.Serving the underserved is a big statement that can be fulfilled in many ways, and at the OFF all those who are working towards this end can share their work and Ideas, so please if you at Mexico DF, please visit our booth this Tuesday, 26th at Museo Nacional de Antropologia to talk about how a decentralized stablecoin is helping those in need.MakerDAO at the Mexico Freedom Forum February 26th was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 25

MakerDAO at the Mexico Free...

The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. OFF brings together leaders in advocacy, business, technology, policy, philanthropy, media, academia, and arts to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe. It has evolved from an annual flagship event in Oslo to include satellite events around the world including New York, Johannesburg, Mexico City, and Taiwan.At OFFinMexico, you will hear powerful talks, explore an interactive expo of creative brands working at the intersection of entrepreneurship and human rights, learn how expert technologists are building tools to defend democracy, and meet a community of people dedicated to making the world more peaceful, prosperous, and free.MakerDAO is participating in this event as it perfectly communicates with one of the principles of the Foundation. Serving the Underserved.Serving the underserved refers to our focus on Dai adoption in emerging markets by recognizing the tremendous opportunities for growth that results from reducing inefficiencies in the global economy.Serving the underserved is a big statement that can be fulfilled in many ways, and at the OFF all those who are working towards this end can share their work and Ideas, so please if you at Mexico DF, please visit our booth this Tuesday, 26th at Museo Nacional de Antropologia to talk about how a decentralized stablecoin is helping those in need.MakerDAO at the Mexico Freedom Forum February 26th was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 25

MakerDAO at the Mexico Free...

The Oslo Freedom Forum (OFF) is a thriving global community of people united by the common vision of making the world a more peaceful, prosperous, and free place. OFF brings together leaders in advocacy, business, technology, policy, philanthropy, media, academia, and arts to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe. It has evolved from an annual flagship event in Oslo to include satellite events around the world including New York, Johannesburg, Mexico City, and Taiwan.At OFFinMexico, you will hear powerful talks, explore an interactive expo of creative brands working at the intersection of entrepreneurship and human rights, learn how expert technologists are building tools to defend democracy, and meet a community of people dedicated to making the world more peaceful, prosperous, and free.MakerDAO is participating in this event as it perfectly communicates with one of the principles of the Foundation. Serving the Underserved.Serving the underserved refers to our focus on Dai adoption in emerging markets by recognizing the tremendous opportunities for growth that results from reducing inefficiencies in the global economy.Serving the underserved is a big statement that can be fulfilled in many ways, and at the OFF all those who are working towards this end can share their work and Ideas, so please if you at Mexico DF, please visit our booth this Tuesday, 26th at Museo Nacional de Antropologia to talk about how a decentralized stablecoin is helping those in need.MakerDAO at the Mexico Freedom Forum February 26th was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 25

Meridio ❤ Maker

The MakerDAO project aims to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment — allowing equal access to the global financial marketplace. A fantastic way to bring this to life is to showcase Dai use cases from community members and partners.Contributed article by MeridioOne of the most rewarding aspects of the Ethereum ecosystem is how collaborative projects are in the space. After all, these different projects and companies are deploying code to the same world computer. At Meridio, we are particularly fond of our collaboration with the Maker team. We integrated their DAI stablecoin into our platform early last summer in order to solve one of our most pronounced early challenges: investor apprehension to the volatility of Ether and Bitcoin. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US Dollar while still gaining the benefits and efficiencies of smart contracts.Why Meridio needed a StablecoinWhen Meridio’s co-founders Mo and Corbin began showing real estate investors our alpha product in early 2018, investors loved the idea of owning and trading fractional shares of real estate, but they shied away from using Ether or Bitcoin to transact due to the price volatility. Investors simply aren’t comfortable risking 5–10% of their investment each time they purchased or traded shares. Rather than reverting to traditional off-chain payment methods such as wire transfers, we began researching different stablecoins to use instead. A stablecoin allows for the benefits of smart contracts, including trustless trades and nearly instant settlement time, without the volatility of cryptocurrencies. We explored several stablecoin options, but ultimately chose to start with Dai due to the volume of user adoption, ease of implementation, and decentralized price control methodology.How Meridio uses DaiTo start, we integrated Dai in three areas of our platform:Peer-to-peer trades of real estate tokensGiven investor’s overwhelming apprehension to the volatility of Ether and Bitcoin, our first priority was to make Dai the primary currency for any transactions of real estate shares. In our platform, each real estate property, fund, or REIT is represented by an Asset Token, which is an ERC-20 compatible smart contract with a customizable on-chain compliance layer. Traditionally, purchases of any ERC-20 token on-chain would require the buyer to make the purchase with Ether. Now, however, users can purchase or trade these Asset Tokens in our application directly with Dai in a trustless swap between the Asset Token and Dai. This means that the transaction can occur without the need for an escrow service and without being subject to any price volatility.Conversion of ETH to DAITo provide seamless in-app support for investors that already hold Ether, we integrated Airswap’s widget in user wallets and profile pages so they can quickly convert any Ether they hold in Metamask into Dai. Thus, if a user chooses to hold ETH, they can simply convert their holdings to Dai in order to prepare for a trade with no counterparty risk, without leaving the platform, and without giving up custody.BalancesOn our wallet page, we provide each user with the Dai and ETH balance of their linked wallet so they can quickly see their current position and make any currency conversions accordingly. Additionally, on the portfolio page, we show users their Dai balance as “Cash Available” in USD to help drive the association between holding Dai and traditional fiat currency. Our goal is to abstract the blockchain experience from the user so they can feel comfortable trading real estate shares online, and Dai helps us bridge that gap.ImpactWe see peer-to-peer trades, Ether balance conversion, and balance displays as only the beginning of our collaboration with Maker. For example, real estate asset owners that issue digital shares on Meridio could also distribute dividend payments using Dai based on real-time trading data, rather than manually issuing thousands of wire-transfers based on backward-looking data each quarter. Moreover, if these dividend payments are recorded on-chain, end-of-year accounting, tax, and K1 issuance can be completely automated using tools like Balanc3. These instant, seamless, and documented payments on-chain are further eased by services like Wyre that are rolling out fiat on and off-ramps (USD⇔DAI).The Maker team has many ambitious upgrades planned, notably support for a variety of digital assets in CDPs, known as Multi-Collateral Dai. We imagine a future where real estate tokens could be used as collateral for issuing Dai loans, given that real estate is a historically more stable asset than cryptocurrency or equities.Looking aheadEthereum provides a common platform for combining together many different, complementary projects, and you’re starting to see the movement accelerate especially within the DeFi community. We’re proud to do our small part introducing Maker to the world and are grateful to be a part of their journey.The building blocks for a more open and innovative financial system are starting to emerge, and the sum is certainly greater than all the parts. If you’d like early access to the Meridio platform or would participate in user testing, please sign up here!Thanks to Dave Conroy, Parker Place, Asha Dakshi, Jon Sanders, Connor O’Day, and Corbin Page for helping put together this post.Meridio ❤ Maker was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 12

Meridio ❤ Maker

The MakerDAO project aims to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment — allowing equal access to the global financial marketplace. A fantastic way to bring this to life is to showcase Dai use cases from community members and partners.Contributed article by MeridioOne of the most rewarding aspects of the Ethereum ecosystem is how collaborative projects are in the space. After all, these different projects and companies are deploying code to the same world computer. At Meridio, we are particularly fond of our collaboration with the Maker team. We integrated their DAI stablecoin into our platform early last summer in order to solve one of our most pronounced early challenges: investor apprehension to the volatility of Ether and Bitcoin. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US Dollar while still gaining the benefits and efficiencies of smart contracts.Why Meridio needed a StablecoinWhen Meridio’s co-founders Mo and Corbin began showing real estate investors our alpha product in early 2018, investors loved the idea of owning and trading fractional shares of real estate, but they shied away from using Ether or Bitcoin to transact due to the price volatility. Investors simply aren’t comfortable risking 5–10% of their investment each time they purchased or traded shares. Rather than reverting to traditional off-chain payment methods such as wire transfers, we began researching different stablecoins to use instead. A stablecoin allows for the benefits of smart contracts, including trustless trades and nearly instant settlement time, without the volatility of cryptocurrencies. We explored several stablecoin options, but ultimately chose to start with Dai due to the volume of user adoption, ease of implementation, and decentralized price control methodology.How Meridio uses DaiTo start, we integrated Dai in three areas of our platform:Peer-to-peer trades of real estate tokensGiven investor’s overwhelming apprehension to the volatility of Ether and Bitcoin, our first priority was to make Dai the primary currency for any transactions of real estate shares. In our platform, each real estate property, fund, or REIT is represented by an Asset Token, which is an ERC-20 compatible smart contract with a customizable on-chain compliance layer. Traditionally, purchases of any ERC-20 token on-chain would require the buyer to make the purchase with Ether. Now, however, users can purchase or trade these Asset Tokens in our application directly with Dai in a trustless swap between the Asset Token and Dai. This means that the transaction can occur without the need for an escrow service and without being subject to any price volatility.Conversion of ETH to DAITo provide seamless in-app support for investors that already hold Ether, we integrated Airswap’s widget in user wallets and profile pages so they can quickly convert any Ether they hold in Metamask into Dai. Thus, if a user chooses to hold ETH, they can simply convert their holdings to Dai in order to prepare for a trade with no counterparty risk, without leaving the platform, and without giving up custody.BalancesOn our wallet page, we provide each user with the Dai and ETH balance of their linked wallet so they can quickly see their current position and make any currency conversions accordingly. Additionally, on the portfolio page, we show users their Dai balance as “Cash Available” in USD to help drive the association between holding Dai and traditional fiat currency. Our goal is to abstract the blockchain experience from the user so they can feel comfortable trading real estate shares online, and Dai helps us bridge that gap.ImpactWe see peer-to-peer trades, Ether balance conversion, and balance displays as only the beginning of our collaboration with Maker. For example, real estate asset owners that issue digital shares on Meridio could also distribute dividend payments using Dai based on real-time trading data, rather than manually issuing thousands of wire-transfers based on backward-looking data each quarter. Moreover, if these dividend payments are recorded on-chain, end-of-year accounting, tax, and K1 issuance can be completely automated using tools like Balanc3. These instant, seamless, and documented payments on-chain are further eased by services like Wyre that are rolling out fiat on and off-ramps (USD⇔DAI).The Maker team has many ambitious upgrades planned, notably support for a variety of digital assets in CDPs, known as Multi-Collateral Dai. We imagine a future where real estate tokens could be used as collateral for issuing Dai loans, given that real estate is a historically more stable asset than cryptocurrency or equities.Looking aheadEthereum provides a common platform for combining together many different, complementary projects, and you’re starting to see the movement accelerate especially within the DeFi community. We’re proud to do our small part introducing Maker to the world and are grateful to be a part of their journey.The building blocks for a more open and innovative financial system are starting to emerge, and the sum is certainly greater than all the parts. If you’d like early access to the Meridio platform or would participate in user testing, please sign up here!Thanks to Dave Conroy, Parker Place, Asha Dakshi, Jon Sanders, Connor O’Day, and Corbin Page for helping put together this post.Meridio ❤ Maker was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 12

Join us at ETHDenver — Make...

Join us at ETHDenver — MakerDAO Events ScheduleThursday, February 14Calling All Hackers — Join Aave and MakerDAO MeetupJoin us during BUIDLweek for an early workshop on decentralized finance with Aave and MakerDAO. Here we will be helping hackers get familiar with the projects and to navigate the abundance of tools that are available for integration and hacking. Join us to learn about the wonders of Dai and how to use the MakerDAO Toolbox.Sign up: RSVPWhen: 3:00 PM — 6:00 PM MSTWhere: Enterprise Coworking, 3000 Lawrence Street, Denver, CO 80205Friday, February 15Start HackingKickoff the hackathon with us! We’re looking forward to seeing creative projects built on the MakerDAO ecosystem. Join us for a series of talks and workshops over the weekend:10:45am: “Out-of-the-box UX Upgrades: Dai.js and DSProxy” with Ethan Bennett12:50pm: “Dai and CDPs: A Year in Review with Maker” with Mariano Conti on the Main StageSaturday, February 1610:10am: “Biz Dev & Crypto: Breaking Out of the Bubble” with Ashleigh Schapp10:30am: We’re hosting a fun workshop for Apprent.io high school students and spectators on token economics and Dai. Join us for fun game theory demos with Sean Brennan1:00pm: “Connecting to the Real World: Oracles and Data for Dapps” with Mariano ContiSunday, February 1710pm: Join us for the BuffiDai & xDai Dappy Hour — ETHDenver edition!We couldn’t resist throwing another Dai party. This time around, we won’t only be mixing drinks — we will be playing with a palette of ingredients (including BuffiDai, xDai & Burner Wallet) to achieve the full state of dappiness! Welcome to the Cypherpunk Speakeasy Dappy Hour! From 10pm until 12am, purchase your favorite drinks with BuffiDai or xDai. Register now and see you at Stoney’s right after the official afterparty!Join us at ETHDenver — MakerDAO Events Schedule was originally published in MakerDAO on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dai

19. 02. 11

Transaction History
Transaction History Market Market Transaction volume Address
Kyber Network DAI/ETH 1,167.15 329,669,185.13 Short cut
AirSwap DAI/ETH 1,179.36 134,403,955.97 Short cut
EXMO DAI/USD 1,218.04 20,419,360.22 Short cut
Sistemkoin DAI/ETH 1,179.52 17,304,696.43 Short cut
Ethfinex DAI/BTC 1,175.81 5,940,303.14 Short cut
Bancor Network DAI/BNT 1,177.56 4,874,364.28 Short cut
Gate.io DAI/USDT 1,172.85 726,506.06 Short cut
HitBTC DAI/USDC 1,184.04 75,186.57 Short cut
Bitinka DAI/COP 896.50 9,989.97 Short cut
YObit DAI/BTC 1,257.88 0.00 Short cut
CredoEx DAI/CREDO 3,939.96 0.00 Short cut
Trade.io DAI/USDT 1,180.64 0.00 Short cut
SouthXchange To be provided later To be provided later To be provided later Short cut
Fatbtc To be provided later To be provided later To be provided later Short cut
Switcheo Network To be provided later To be provided later To be provided later Short cut
Bibox To be provided later To be provided later To be provided later Short cut
Coinhub To be provided later To be provided later To be provided later Short cut
COSS To be provided later To be provided later To be provided later Short cut
OasisDEX To be provided later To be provided later To be provided later Short cut
Kucoin To be provided later To be provided later To be provided later Short cut
DDEX To be provided later To be provided later To be provided later Short cut
Coinbase Pro To be provided later To be provided later To be provided later Short cut
Radar Relay To be provided later To be provided later To be provided later Short cut
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Information
Platform ERC20
Accepting
Hard cap -
Audit -
Stage -
Location -
Market of major crypto coins *2019년 12월 16일 last update

Bitcoin

BTC

8,374,515.55 KRW 0.52%

Ethereum

ETH

167,799.13 KRW 0.20%

Ripple

XRP

255.90 KRW 0.23%

Tether

USDT

1,174.85 KRW 0.52%

Bitcoin Cash

BCH

243,308.50 KRW 0.78%

Litecoin

LTC

54,759.09 KRW 0.54%

EOS

EOS

3,016.07 KRW 0.89%

Binance Coin

BNB

16,952.86 KRW 1.21%

Bitcoin SV

BSV

108,890.40 KRW 0.14%

Tezos

XTZ

2,018.97 KRW 3.16%

Stellar

XLM

60.88 KRW 0.00%

Cardano

ADA

42.48 KRW 0.84%

TRON

TRX

16.51 KRW 0.70%

Monero

XMR

60,158.11 KRW 1.07%

Huobi Token

HT

3,201.78 KRW 0.30%

NEO

NEO

10,322.00 KRW 0.91%

Maker

MKR

587,049.90 KRW 1.94%

USD Coin

USDC

1,177.57 KRW 0.40%

Dash

DASH

58,608.60 KRW 0.49%

Ethereum Classic

ETC

4,472.00 KRW 0.15%