[📄] Collateral Onboarding Call #11: RenVM + Uniswap - Wednesday, October 14 18:00 UTC

[juan]

New Time!

>> 18h UTC <<

Time in your local-timezone format:
2020-10-14T18:00:00Z

To avoid conflicts with the Liquidations 2.0 Working Group call, we’re changing the time of the collateral onboarding call this time only.
attn: @NikKunkel, @mw_burgess, @amyjung, @Jtathmann

Dial In Details

Zoom Call

Passcode: ONBOARD

Intro

Welcome to another collateral onboarding call, where we’ll discuss potential assets for MCD, open for anyone to join.

• For questions, discussions and feedback on the call, please check out this thread!
• If you’d like to present, check out this thread

Agenda

Intro

by @juanjuan

Presentation 1: RenVM

@mw_burgess and the Ren team will be joining us:

• [REN] MIP6 Collateral Application
• [renBTC] MIP6 Collateral Application
• [renBCH] MIP6 Collateral Application
• [renZEC] MIP6 Collateral Application

attn: @Planet_X & @tbone who wrote the collateral applications.

Presentation(less?) 2: Uniswap

Hayden and the Uniswap team will be joining us to answer all of our questions.

I haven’t convinced them to present yet, but I’m working on it.

Here are the Collateral Onboarding Applications related to Uniswap (and its pools)

• [UNI] MIP6 Collateral Onboarding Application
• [UNI-V2-USDT-ETH] - Dai Collateral Onboarding Application
• [UNI-V2-WBTC-ETH] - Dai Collateral Onboarding Application
• [UNI-V2-USDC-ETH] Uniswap V2 USDC-ETH Liquidity Token Collateral Application
• [UNI-V1-DAI] Uniswap Dai Liquidity Token Collateral Application
• [UNI-V2-DAI-ETH] Uniswap V2 Dai-Eth Liquidity Token Collateral Application

attn: @colekennelly / @befitsandpiper

Open discussion and Q&A form.

See you there!

[mw_burgess]

We are looking forward to the call! Loong (CTO) will be the main presenter.

[juan]

Hi, @mw_burgess.

It has been brought to my attention by several community members that this call overlaps with the one discussing Liquidations 2.0. In order to maximize attendance (and community impact), it’s probably better to move it to one hour later.

Can you please ask Loong if that would work for him?

I have also asked Uniswap and will move it only if both projects accept. Otherwise we’ll keep this time.

Thanks in advance,

Juan

attn: @Jtathmann

[mw_burgess]

Hey @juan happy to push it back an hour on our end. Just let us know how things progress and we’ll change the time accordingly. Thanks

[juan]

More and more people are asking for this change. Let’s change so we can attend both!

attn: @NikKunkel, @mw_burgess, @amyjung, @Jtathmann

Time in the agenda updated.

[tbone]

Did this onboarding call get recorded?

[juan]

Yes. It should be on the YouTube channel today (most likely);
Meeting notes coming soon, powered by @Gala and @blimpa.

[amyjung]

Indeed, it’s up now:

Community Collateral Onboarding Call: October 15, 2020

[blimpa]

Collateral Call Summary - Episode #11

October 15th, 2020

Agenda

• 00:00: Intro with Juan Guillén
• 01:10: REN with Loong
• 11:12: Q&A and Discussion about REN
• 28:46: Uniswap with Hayden Adams
• 29:20: Q&A and Discussion about Uniswap

Video

https://www.youtube.com/watch?v=cPHZU1ywhi8

Introduction

Juan Guillén

Agenda and Preamble

00:00

• Hello everyone! Welcome again to another Collateral Onboarding call from MakerDAO.
• We have two projects today: REN presented by Loong and Uniswap presented by Hayden.
• Discussions about collateral happen in the Forum.

REN

• [REN] - MIP6 Collateral Application
• [renBTC] MIP6 Collateral Application
• [renBCH] MIP6 Collateral Application
• [renZEC] MIP6 Collateral Application

Loong

Presentation

01:10

Discussion

• 11:12 - SamM: What do you see as the upper bounds on the renBTC supply? If, say, 10% of Bitcoin wants to go to Ethereum, what’s going to be the bottleneck of that?
• 13:10 - SamM: Would you say that the REN lock has to be comparable to the amount of Bitcoin moving through in terms of market cap?
• 14:42 - Juan: Can you briefly touch on how to contribute to the network and how to participate with the node?
• 16:55 - Frank Cruz: Can you explain to the Maker Community what was your thinking behind being a custodian right now, not completely decentralized? Also, what do you think is the outlook of Bitcoin on DeFi? Not just on Ethereum but also on other Layer 1 and possibly even on Layer 2
• 22:23 - Christopher Mooney: I’m trying to recall at which phase the Greycore melts away and RenVM is collateralized by REN. Let’s say, the bounded REN outweighing the amount of assets under custody that you have on RenVM.
• 24:06 - Christopher Mooney: I think we would like to start custody on renBTC to diversify our BTC exposure, but since you are going to get more assets under custody that you have to pull under custody and without the right economic incentives to balance that, I’m worried that we stick you in the phase that you’re stuck in right now and it makes it harder for you to move to the Greycore?
• 26:50 - Christopher Mooney: Have you guys considered possibly ensuring the BTC that you have under custody to mitigate some of the concerns around risk?

Uniswap

• [UNI] MIP6 Collateral Onboarding Application 1
• [UNI-V2-USDT-ETH] - Dai Collateral Onboarding Application
• [UNI-V2-WBTC-ETH] - Dai Collateral Onboarding Application
• [UNI-V2-USDC-ETH] Uniswap V2 USDC-ETH Liquidity Token Collateral Application
• [UNI-V1-DAI] Uniswap Dai Liquidity Token Collateral Application
• [UNI-V2-DAI-ETH] Uniswap V2 Dai-Eth Liquidity Token Collateral Application 1

Hayden Adams

Presentation

28:46

Discussion

• 29:25 - Juan Guillén: I was wondering how you guys choose the pools you give rewards to when encouraging the liquidity mining
• 34:49 - Juan Guillén: Is Governance responsible for the V3 as well or just the V2? What does the transition look like?
• 36:08 - Frank Cruz: Are you guys going to do things like the Maker Foundation does? Are you going to decentralize by having different teams? Is it something you are going to build?
• 39:11 - SamM: Is there any sense of which liquidity tokens they are planning on extending the rewards for or even if they are planning to extend the rewards?

Closing Comment

Juan Guillén

Outro

42:16

• Thanks again for joining us. It was really good having you!
• Next Wednesday we will have the team from Crypto.com presenting their own collateral type and EURStasis, they want to speak about a new ramp.

Credits

• Pablo Núñez produced this summary.
• Everyone who spoke and presented on the call, listed in the headers.

[mw_burgess]

Thanks for having the Ren team on. Please let us know if there are any questions, as we are at your disposal.
Thanks!

[juan]

It was great having you, guys.