πŸ’₯ You are walking through your Maker Vault and suddenly this capybara has appeared!

βš”οΈ This is the Dai Protector, a capybara from @CryptopetsAR with a sword and a Dai-branded shield that is always ready to protect your collateral, your Dai and your entire Maker Vault.
πŸ™Œ Thanks to @CryptopetsAR for this custom MakerDAO NFT.

πŸ”¬ The Dai Protector capybara comes with a proprietary built-in CryptoTag that can be scanned to activate the augmented reality technology. Image
πŸ‘Ύ In the same way, all of the 9,999 unique pets have this amazing feature!

⛓️ All CryptoPets live in the Solana blockchain and can be viewed in augmented reality just by scanning their identifier QR code. Image
πŸ”₯ Test this out for yourself on their website (cryptopets.tech), and don't forget to sign-up for their pre-sale allocation while you're at it!
πŸ¦‘ Actually, they are the first NFT augmented reality collection that leads the pack towards an interoperable and open-world blockchain! The team are building a 3D P2E CryptoPets game inspired by #SquidGame, and their NFTs will also join their follow-up metaverse project.
Looking forward for the drop! πŸš€

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More from @MakerGrowth

19 Oct
1/21

⬆️ We all know that crypto is at its best: BTC and ETH at ATH, TVL on DeFi breaking records...

🌎 But, have you wondered what crypto could do for worldwide problems?

🌱 Here is the first thread about "The case for Clean Money", a piece by @RuneKek for the community.
2/21

πŸ™Œ To begin with, @MakerDAO has always had as its main purpose "to serving the underserved".

πŸ’² We made this possible through access to a stable, decentralized currency that is free from governments that neglect their own currencies.

πŸ’ͺ But yes, there is more we can do.
3/21

πŸ”¬ It's because there are more problems that an open and decentralized monetary network can solve.

πŸŒͺ️ One of them, one of the most worrying, is climate change.

🏞️ We all know that since we are living here, ecosystems, lands, resources and climate are not at their best.
Read 21 tweets
10 Sep
1/15

Dai is almost ready to jump into ... Arbitrum πŸ’₯

Maker Protocol Engineering CU are working to connect Dai to @arbitrum rollups solution. They will conduct a final audit of the Custom DAI Gateway before the launching πŸ’ͺ

What is Arbitrum? How does it work? Thread time! πŸ‘‡
2/15

πŸ—žοΈ What is a rollup?

A rollup is a scalability solution in which transactions are written on Ethereum, but the actual computation and storage of the contract are done off-chain

Transactions are executed on a chain that runs a version of the Ethereum Virtual Machine (EVM)
3/15

✍️ After executing transactions, the rollup batchs them together and posts them to the main Ethereum chain.

πŸ—žοΈ We can think of the assertion as "rolling up" all of the calls and their results into a single on-chain transaction.
Read 15 tweets
1 Sep
1/18

MATIC-A vault is now live in Maker! You can issue Dai through $MATIC as collateral thanks to the decision of the Maker community & governance.

We all know that $MATIC is the native token of @0xPolygon PoS Chain. But, let's talk more deeply about this project in a thread:
2/18

MATIC-A was onboarded on the Aug 25 executive proposal that passed with these parameters:

- Stability Fee: 3%
- Liquidation Ratio: 175%
- Debt Ceiling: 10M DAI
- Target Available Debt: 3M DAI

Info about how to onboard a collateral in Maker here:
3/18

So, what is the @0xPolygon chain?

We could define the Polygon PoS Chain as a sidechain. But, in essence, it's not a common sidechain.
Read 18 tweets
16 Aug
1/15

If you put crypto into a Maker Vault you can issue Dai. But, your crypto must have a greater value than the issued Dai. That relation of values has a required minimum level, and when your crypto falls below it, it's a FATALITY (Liquidation) time

How it works? Thread timeπŸ‘‡
2/15

πŸ’± Liquidation is the process of selling collateral to cover the amount of Dai a user has issued from their Vault.

It ensures that Dai is always backed by an appropriate amount of collateral by closing-out Vaults that are under their min. required Collateralization Ratio.
3/15

πŸ‘Ό Let's assume you issued 10,000 Dai through a Vault in which you put 6 ETH and the current value of your 6 ETH is 18k USD (1 ETH = 3k USD). Ok! Your Vault is healthy, because your Collateralization Ratio is above 150%. Actually, this Ratio is 180% with the current values.
Read 16 tweets
12 Aug
1/14

✊ Core Units completed the final decentralization of @MakerDAO and its protocol

Now the workforce of a DeFi protocol that generates hundreds of millions in revenue is fully decentralized

How do Core Units work and why are they the future of work? Time for a new thread πŸ‘‡ Image
2/14

πŸŒ„ From the beginning, Maker was conceived as an entirely decentralized organization. But for this to become a reality, it was necessary to build a solid base.

For this reason it started as a Foundation with employees in a traditional scheme.
3/14

🎯 This year the objectives of the Foundation were achieved, and therefore it was dissolved.

πŸ‘¨β€πŸ­πŸ§‘β€πŸ­So, without a Foundation, where is the workforce of the people who will continue to keep working and growing Maker? Core Units have arrived!

blog.makerdao.com/makerdao-has-c…
Read 14 tweets
2 Aug
1/12

MakerDAO launched 1,000,000 MKR tokens at its inception, but 991,328 is its current maximum total supply according to @etherscan.

The +8.000 MKR "missing" are really burned! πŸ”₯

Why is MKR supply dynamic and how does it work? It's time for a thread! πŸ‘‡
2/12

✊ MKR is the governance token of MakerDAO. Its main functionality is to be used as vote power to approve or reject improvements and changes to the Maker ecosystem. But, actually there is another reason why MKR exists.
3/12

🀝 The token also acts as a source of incentives to govern the system well. This is because its supply can change according to the situations presented by the Maker protocol.
Read 12 tweets

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