[📄] Collateral Onboarding Call #18: Leverj - Wednesday, December 2nd 18:00 UTC


Time in your local-timezone format:

2020-12-02T18:00:00Z

Dial In Details

Zoom Call

Passcode: ONBOARD

Intro

Welcome to another collateral onboarding call, where we discuss potential assets for MCD and potential integrations for DAI’s supply and demand. Open for anyone to join.

If you’d like to present, check out this thread.

Agenda

Intro

by @juanjuan

Leverj

https://leverj.io/
by Shanky

  • Leverj as a project
  • DAI as the primary stablecoin for perpetuals at this time
  • Using L2 (staking/governance token for Leverj Gluon) as collateral in MakerDAO:
    • overlap with Keepers managing their DAI positions using DAI for perpetual positions, and earning a portion of fees.
    • using L2 as a collateral type in Maker to mint DAI and create a position on Leverj
  • Q&A

See you there!

attn: @amyjung; @blimpa ; @overanalyser ; @Primoz ; @g_dip ; @akash ; @g_dip ; @ElProgreso ; @Planet_X;
PS: big thanks to Paul🇳🇿 for the intro.

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Collateral Call Summary - Episode #18

December 2nd, 2020

Agenda

  • 00:00: Intro with Juan Guillén
  • 00:38: Leverj with Shashank Tiwari (@shanky)
  • 46:50: Q&A and Discussion about Leverj

Video

Introduction

Juan Guillén

Agenda and Preamble

00:00

  • Welcome everyone to another MakerDAO Collateral Call. We’re happy to have with us Shashank from Leverj.
  • For those who don’t know, it’s a derivatives decentralized platorm, so we’re going to speak a little about perpetual positions, futures, and whatnot.
  • Discussions about collateral happen in the Forum.

Leverj

Shashank Tiwari

Presentation

00:38

01:42 - “I don’t have a Powerpoint type of presentation. I will just walk through the concepts, show you things that are live. Let me give first a little introduction on the story of Leverj, the underlying technology and why and how this is important to the entire ecosystem”

07:26 - “On the basis of that, Leverj was able to realize a high-speed decentralized derivatives platform […] There is our token, which drives the governance and some of the security contracts. Plus it also allows people to earn rewards if the stake actively. That token is L2”

09:06 - Juan asks Shashank for a short definition for “derivative” and what kinds of derivatives Leverj has (09:06)

12:14 - “Let me try to address that question about derivatives”

17:17 - “I’m talking primarily about the fiat asset class, which is basically the regular markets across different asset classes. What we have seen in the crypto world is that there has been a lot of activity around basic future contracts or basic contracts that let you trade on prices of the main crypto assets a little ahead in time”

19:18 - Juan asks Shashank to elaborate on the difference between futures and perpetuals (19:18)

25:05 - “If you look at the site that I’m sharing right now, this is essentially the Leverj IO perpetual trading platform. Let me mention a few things about this contract”

29:55 - “You will end up seeing a wallet like this. The idea of this Gluon wallet is that you have things which exist in your main chain […] Once I’ve connected and registered my account, I take a part of it or all and move it over to the Plasma wallet; and now that it’s available on the Plasma wallet, I can use it to trade these derivatives”

34:49 - Juan asks where the prices are coming from. Regarding margin, he further asks how the liquidations work, at what percentages they kick in

40:18 - “Let me talk about liquidations a little bit. And in the interest of time I’m also going to talk a bit more about L2 per se, the token that we’re here for”

52:22 - “In terms of the Maker world, how it plays in here and what might make sense here, if you look at the Maker world and Leverj as two venues and how they could play well together, there are three or four things that pop up in my mind right away…”"

Discussion

Closing Comment

Juan Guillén

Outro

01:06:05

  • Thank you, Shashank, for coming. It was very nice to have you. Thank you, everyone else, for coming. Next week we’re going to have Mona El Isa from Melon Protocol discussing more interesting projects

Credits

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

Thanks everyone who joined the call earlier today. Here are a few links that could be helpful:
Leverj website: leverj.io
Blog: blog.leverj.io
Gluon website: gluon.network
Testnets:
Kovan: kovan.leverj.io
Ropsten: ropsten.leverj.io
Gluon Explorer:
Kovan: kovan.gluon.leverj.io

Mainnet:
trading venue: live.leverj.io
(not available to US Persons and from OFAC countries)
gluon explorer: gluon.leverj.io

– Shanky

2 Likes

Thanks for presenting Leverj, @shanky.

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