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Oct 19, 2021 β€’ 21 tweets β€’ 9 min read β€’ Read on X
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.
4/21

πŸ”„ World is changing.

🧊 World is melting.

πŸ”₯ World is on fire.

🐒 World is watching ecosystems disappear.

πŸ€’ World is getting sick. The world where we live.
5/21

🧠 Maker, as a purpose-driven DAO, must be thinking out of the box to be part of the cure.

πŸ€” The first question here is: What can we do?

πŸ’° What we are doing now is a good start: Maker is a provider of monetary liquidity through overcollateralized debt.
6/21

⭐️ And we are good at what we do.

πŸŒ† The Maker Protocol now, beyond working in crypto, is a liquidity provider for entities rooted in the traditional financial system.
7/21

🏑 A proof of it is the first overcollateralized debt that issues Dai through real world assets (RWA), such as real estate ones, as a guarantee.

➑️ forum.makerdao.com/t/real-world-f…
8/21

πŸ’΅ In short, Maker is tokenizing the traditional financial instruments and putting it into work for creating a decentralized stable currency as an instant liquidity source.
9/21

🏦 Another great example is the vault that one of the biggest european banks, @SocieteGenerale, has proposed to open with tokenized bonds.

➑️ forum.makerdao.com/t/security-tok…
10/21

πŸ€” So, the question is: If there are real world assets that @MakerDAO can bring into crypto for generating liquidity through Dai, how can we use that value proposition to fund the world's cure?

πŸ™Œ It can't be too complicated at all.
11/21

πŸ”„ Imagine there's a company that is installing clean energy sources in emerging countries at an affordable cost for families living in the area who have never had access to electricity.
12/21

πŸ’° What if Maker can provide liquidity to fund a project like this through a senior credit position that an investor can guarantee by tokenized assets of the project's company?
13/21

⚑️ What if @MakerDAO decides to ensure that its collateral from RWA is always coming from projects that removes its carbon footprint or that produce renewable energy?
14/21

🀝 @MakerDAO and the blockchain can always assure that their collareal are following these purposes, and then, Dai will become a decentralized, stable and clean currency.
15/21

πŸ”­ But it's not just about "fixing the problem that is in the public eye". It's about sustainability too.

🌎 The problem that we would tackle could have unintended consequences for the global economy.
16/21

♻️ If the world as we know it could do a 180-degree turn, the financial system is also supposed to

If we assure that our entire system is backed by sustainable and climate-aligned collateral, we would be becoming a resilient financial system in the face of possible crises
17/21

β™»οΈπŸŒŽπŸ’° Maker can be part of the solution and can be prepared for the futurist-sustained finance.
18/21

πŸƒ Dai could become the clean money for the world as a stable, decentralized and sustainable currency

Clean as they are funding the planet's cure

Clean as they are created through climate stability collateral

Clean as they are fully working by a decentralized governance
19/21

β˜€οΈ With a brighter future for a sustainable and climate focused economy, the Clean Dai would drive big benefits for $MKR holders, who would also execute this sustainable purpose by voting on the best projects with better risk, benefit and planet-oriented metrics.
20/21

🏭 Remember that, as humanity, we have to reduce our CO2 emissions according to the graph below to prevent consequences that would be impossible to mitigate.

⚑️ Remember that, Dai can fund and be part of that graph.
1⃣ This is the first thread that follows the "clean money" series.

✊ Stay tuned for more threads about the source article of @runekek

πŸ‘‡ You can read the entire article here:

forum.makerdao.com/t/the-case-for…

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More from @w3g_io

Dec 1, 2022
DSR is being boosted to 1.00%! πŸš€πŸš€

Increasing the native, safest stablecoin yield will set a new baseline yield for the entire DeFi ecosystem.

For big treasuries, earning a 1.00% annual yield on its Dai holdings, with the same risk as holding single Dai, is HUGE πŸ“ˆπŸ“ˆπŸ“ˆ

🧡 Image
Let's see what's going on here.

Recently, @MakerDAO approved some DAO balance sheet investments across different TradFi vehicles.

This balance sheet is composed of USDC, USDP, and GUSD accumulated in the PSM as liquidity reserves. Image
There are 3 fundamental pieces of this investment strategy:

1️⃣ @coinbase Institutional Rewards β€” 2.36% on up to $1.6 billion USDC.

2️⃣ Monetalis Clydesdale β€” ~4% on up to 500 million USDC by purchasing bonds.

3️⃣ @Gemini GUSD Partnership β€” 1.25% on up to 500 million GUSD.
Read 8 tweets
Oct 6, 2022
πŸ’ΈπŸ’ΈπŸ’Έ @MakerDAO just executed the first DAO balance sheet investment in US Treasuries and Corporate bonds with a ceiling of $500 million USDC.

How is that possible?

πŸ§΅πŸ‘‡ Image
First, we need to know that @MakerDAO holds ~$4 billion in stablecoins. πŸ’°

These assets come from the PSM operations β€” Maker's highly efficient decentralized exchange focused on stablecoins. Image
Basically, the PSM is a tool for swapping USDC, USDP, and GUSD for freshly-minted DAI at a 1:1 rate. πŸ”„

Every time a user puts their stablecoins to receive DAI in exchange, the PSM allocates these stablecoins as liquidity reserves. Image
Read 12 tweets
Aug 18, 2022
Are you the one saying that DeFi protocols are censoring users or addresses flagged by regulations?

We are here to tell you that you're wrong by explaining the differences between decentralized protocols and user-interface providers.

πŸ§΅πŸ‘‡

1/ Image
First of all.

A protocol can be defined as a set of smart contracts that are publicly deployed on the Ethereum network.

They’re open-source code that follows instructions that are in turn validated by a decentralized network of nodes.

2/ Image
The Maker Protocol is a set of smart contracts publicity deployed on Ethereum.

It is open source code that follows instructions set by the code and validated by this network of nodes.

3/ Image
Read 16 tweets
Aug 16, 2022
The official Canonical Dai bridge is now deployed on @Arbitrum Nova!

What is Arbitrum Nova and why is the Canonical Dai deployment so important?

Let's go

🧡

1/
@arbitrum Arbitrum Nova is a new chain built by @OffchainLabs for projects with very high transaction volumes that seek to drive costs even lower but still want high security.

This Arbitrum chain is different from Arbitrum One (the Rollup), and uses a new technology called AnyTrust.

2/
@arbitrum @OffchainLabs Unlike Rollup chains, which directly inherit their security properties from the security of Ethereum, AnyTrust chains use a different security model which enables them to offer lower transaction fees.

3/
Read 15 tweets
Aug 16, 2022
πŸ“ˆ There are different decentralized stablecoin protocols that generate organic Dai demand

πŸ’΅ One of them is @OriginDollar (OUSD)

Through its yield-capturing power, Origin is now backing 28 million OUSD with DAI β€” +58% of all its circulating supply

How does it work?

🧡

1/
@OriginDollar πŸ’Έ Originally launched in 2020 by @OriginProtocol, OUSD is a stablecoin backed by other stablecoins β€” DAI, USDC, and USDT.

πŸ€‘ By deploying these underlying stablecoins into other DeFi protocols, OUSD generates passive yield income for its holders.

2/
@OriginDollar @OriginProtocol πŸ“Š This yield is at 3.26% APY on a 30-day average.

πŸ“Š And, the 365-day trailing average is 11.21% APY.

analytics.ousd.com/apy

3/
Read 13 tweets
Aug 15, 2022
πŸ’ΈπŸ’Έ WSTETH-B Stability Fee is ZERO! πŸ’ΈπŸ’Έ

You can now mint DAI against your @LidoFinance stETH with ZERO fees, for FREE! πŸ€‘

πŸ—³οΈ The latest @MakerDAO Executive Vote executed this Stability Fee change that's already available on @oasisdotapp and @DefiSaver
Put your stETH as collateral. Mint DAI. NO FEE! πŸ’Έ

πŸ”΅ Oasis: oasis.app/vaults/open/WS…

🟒 DeFi Saver: app.defisaver.com/makerdao/creat…
WSTETH-B vault type's current parameters are:

1️⃣ Stability Fee: 0%

2️⃣ Minimum Collateralization Ratio: 185%

3️⃣ Debt Ceiling: 100,000,000 DAI
Read 4 tweets

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