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“I am death, the destroyer of the worlds, fully developed, and I am now active about the overthrow of the worlds. Even without you, the warriors standing in the adverse hosts, shall all cease to be.” – Bhagavad Gita 11.32. 1/x Creative destruction is a cornerstone to the advancement of society. That is…
Read MoreEconomics behind RWA – Part 2
As a follow-on to Part 1 of the Economics behind RWA, if we view the cost of capital from the lens of the borrower (especially when the cost of capital from Maker is zero), the interest paid can be viewed as a tax. Thus a similar economic theory surrounding taxation that can be found in…
Read MoreEconomics behind RWA – Part 1
Translucent Finance – Off-chain lenders
In the course of ordinary business, many companies come in contact with “confidential” information. Being a Lender the in the Credit Tenant Lease space is no different. In addition to reviewing the lease and the financial statements from credit worthy tenants, the financial costs to do a specific projects, or even the personal financial statements…
Read MoreReal World Assets – CTL Document Roadmap – Getting started v1
Getting Real World Assets on Maker is an essential path to stabilize the DAI peg. Doing so is not trivial, not for the faint of heart, but completely achievable. After some of my recent posts related to my initiative and contemplated structure and objectives, I have had several chat sessions and several calls with…
Read MoreAdding Real World Assets (“RWA”) as DAI collateral is a critical step for Maker to stabilize the peg… and in doing so, we change the world
If Maker governance can rally around any singular point, it has been using market forces to align the DAI price to its current target reference currency, the US Dollar. During a large portion of 2019, we saw SAI used primary as a leverage tool to acquire more ETH thus causing a surge in demand as…
Read MoreHow MakerDAO can be a competitive lender in the Credit Tenant Lease marketplace
What is the objective? It seems clear that MakerDAO needs to onboard large amounts of real world assets in order to meet continual DAI demand. Leaning on my background and existing businesses, I’d like to propose specific assets, structures and counterparties so that we can achieve this in the near-term to help build real-world DAI…
Read MoreWeekly (almost) Narrative on MakerDAO – 28 July 2019
General: During the course of the last week, the community held a polling vote where the winning proposal was to decrease the rate by 200bps to 18.5%. At the time of this narrative, the executive vote looks somewhat unlikely to pass as an edge case with the voting contract was discovered / stumbled upon. (Detailed…
Read MoreWeekly (almost) Narrative on MakerDAO – 02 July 2019
General: During the course of the last week, the community held a polling vote where the winning proposal was to increase the rate by 100bps to 17.5%. At the time of this narrative, the executive vote looks unlikely to pass as market conditions (a DAI price that had sagged slightly below 1.0000 has since partially…
Read MoreWeekly (almost) Narrative on MakerDAO – 26 June 2019
General: During the course of the last week, the community held a polling vote where the winning proposal was to increase the rate by 100bps to 17.5%. At the time of this narrative, the executive vote looks unlikely to pass as market conditions (a DAI price that had sagged slightly below 1.0000 has since recovered…
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