So excited for #Devcon! MakerDAO will have some big news, and the Maker Foundation will have 6! speakers at the event!
Day 1: Oct 08, 03:00 PM - Oct 08, 03:20 PM
D
MakerDAO Oracles: The Backbone of Decentralized Finance
By Niklas Kunkel, Head of Backend Services
Day 2: Oct 09, 2:05 PM - Oct 09, 2:25 PM
B7
Creating TypeSafe Dapps with TypeScript and TypeChain
By Chris Kaczor, Smart Contract Developer
Day 2: Oct 09, 03:10 PM - Oct 09, 03:30 PM
A1
What's Next for DeFi?
By Rune Christensen, Founder of MakerDAO
Day 2: Oct 09, 04:00 PM - Oct 09, 04:20 PM
A1
Living on Defi: How I Survive Argentina's 50% Inflation
By @nanexcool Mariano Conti, Head of Smart Contracts
@nanexcool Day 3: Oct 10, 09:00 AM - Oct 10, 09:55 AM
B2
Legal Troubleshooting for DeFi Projects
Jacek Czarnecki, Legal Counsel, Europe
@nanexcool Day 3: Oct 10, 12:30 PM - Oct 10, 2:30 PM
B5
Standards in Ethereum - how do we make them, how should we?
By Charles St. Louis, Smart Contract Architect
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1) While broader crypto is in shambles, Maker continues to grow its position as the biggest in DeFi
Everyone else shitcoin'd and ponzi'd. Maker built stuff that works & in the last month Dai grew by 400m
Next up is SubDAOs and they will be a gamechanger for growth in crypto
2) Before we launch the 4 SubDAOs, early next year we will set the stage with a new simplified brand (name TBD) to be the foundation for SubDAO marketing & growth
We want something laser focused on being simple, easy and fun for new and existing users alike
3) The biggest challenge Maker faces is the system has grown so much it has become too large, important and complex to effectively be governed as a single monolithic thing
Phase 1: Beta Launch arrives within months with a new unified brand, a new website and the tokens NewStable and NewGovToken (names will be based on new brand).
Dai and MKR will remain functional permanently, and holders can choose to upgrade to NewStable and NewGovToken.
Phase 2: SubDAO Launch follows some months afterwards with 6 new SubDAOs and 6 SubDAO token farms available for NewStable users.
All initial SubDAO tokens will be distributed through these farms only. NewStable users can freely choose which to farm. USA & VPN IPs are ineligible.
Resilience is determined by the weakest link, and isn't just about checking some boxes. It's a fundamental question of culture:
"Is the security of your users your core mission?"
Smart contract risk is the most important thing to consider when using DeFi, because of how bugs can sit dormant for years in mediocre code and suddenly be exploited as new anti-patterns are discovered.
A small flaw in a single component can cascade through an entire protocol
Maker is among the oldest and most secure smart contracts ever developed. It launched with 3 audits and formal verifications all the way back in 2019, and the high bar for shipping critical components continues to this day
More: github.com/makerdao/mcd-s…
L1's by definition have unique security and governance models that means it is impossible to build trustless bridges between them, since the definition of trustless changes based on which side of the bridge you're standing.
The only solution is a third party with a security and governance model that allows it to "translate" between the two blockchains and deal with things like hard forks.
But multisig bridges are the worst, because anything that crosses them becomes centralized.
Seriously the trend of using multisigs to replace and duct tape over issues in blockchain is fine as a short term solution, but those who imagine them as long term solutions that can be relied on as core infrastructure should be sacrificed to satoshi.
Another day, another long tweet thread, this time about Dai deposit tokens (cDai and aDai) as collateral in Maker, and how they unlock a new avenue of rapid scalability and distribution of Dai
I'm really excited about when Maker can get cDai, aDai and other lending platform tokens as collateral. It has uniquely powerful synergy and I think its a type of composability that will stick around for the long run and be a key pillar of DeFi scale.
It will help solve a key issue that Maker is facing: How to rapidly scale without introducing too much technical risk.
Rushing to mass onboard random tokens as collateral isn't safe, because in theory doing a single such onboarding wrong could break the entire system.