๐ The public utility that facilitates the movement of digital assets between networks in a quick, secure, and cost effective way welcomes Dai thanks to @StableNode ๐ค @HashportNetwork partnership. ๐
โ๏ธ The multi-chain strategy for Dai arises through another integration while @StableNote will secure the Hashport portal along other industry-leading validators.
๐ This collaboration between StableNode, Maker and Hashport also aims to push DeFi in the upcoming @hedera ecosystem
๐ Specifically, the partnership allows StableNode to run a validator node on Hashport with the facilites of DAI integration in their portal.
๐ @hedera is an enterprise-grade proof-of-stake public network, powered by hashgraph consensus that achieves the highest-grade of security possible with blazing-fast transaction speeds and incredibly low bandwidth consumption.
๐ @HashportNetwork provides an agnostic, utility-first approach to maximise the potential of crypto, as a new distributed ledger interoperability solution that has the potential to radically increase cross-network functionality of decentralized networks.
๐ @StableNode is a Node Validator and Venture Capital Fund for early-stage Blockchain companies, providing a broad range of hands-on advisory focused on the DeFi and NFT space.
๐ฟ The @AaveAave Dai Direct Deposit Module (D3M) is ready to be onboarded on the Maker Protocol ๐ฟ
This is a key milestone for @MakerDAO growth leaded by an alternative source of liquidity to secondary Dai venues
We'll explain how it works and why it's important ๐งต
1/17
๐ The market is made up by two things: supply and demand.
In DeFi lending markets, supply (liquidity) and demand (weight of loans requested) determine the borrow rate (interest rate) -how much you'll pay for a loan. ๐
2/17
๐ We all know that Dai is very popular where there's a lending market -everyone wants to borrow Dai, because Dai is a rockstar in DeFi.
But, what if everyone wants Dai, but there's not enough: the borrow rate numba go uppppp ๐๐๐
Yeah, Ethereum 2.0 is closer to Maker than ever ๐ฅ
And now, your best source of info about Maker and DeFi with memes and GIFs is ready for a new thread ๐งต๐
1/19
An Executive Vote for onboarding $WSTETH as collateral in the Maker Protocol was approved on Oct 26.
The vote breakdown closed at:
๐ข 53,674.41 MKR for YES ๐ฅ
๐ The Maker Community has decided. That's how governance works, baby.
2/19
First of all: What is @LidoFinance and how it works? ๐ค
๐ Lido is a decentralized service that allows you to participate in staking blockchains without locking assets or maintaining a complicated infrastructure.
๐งฟ It started along with Phase 0 of Ethereum 2.0
๐ For that potential a partnership was announced from its first big steps in 2019.
3/21
๐งช Back then it was perceived as an experiment.
๐๏ธ Now it's more than a reality. It's incredibly tangible.
๐ The vision of finding new people acquiring their first cryptocurrencies through this games became a fact that represents a social-economic revolution.
๐ฅ You are walking through your Maker Vault and suddenly this capybara has appeared!
โ๏ธ 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.
๐ Thanks to @CryptopetsAR for this custom MakerDAO NFT.
๐ฌ The Dai Protector capybara comes with a proprietary built-in CryptoTag that can be scanned to activate the augmented reality technology.
๐พ In the same way, all of the 9,999 unique pets have this amazing feature!
โ๏ธ All CryptoPets live in the Solana blockchain and can be viewed in augmented reality just by scanning their identifier QR code.
Dai is almost ready to jump into ... Arbitrum ๐ฅ
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 ๐ช
What is Arbitrum? How does it work? Thread time! ๐
2/15
๐๏ธ 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
โ๏ธ After executing transactions, the rollup batchs them together and posts them to the main Ethereum chain.
๐๏ธ We can think of the assertion as "rolling up" all of the calls and their results into a single on-chain transaction.