MakerDAO where each Maker vault is actually a single asset liquidity pool & only allows you to mint a synthetic USD asset distinguishable tied to the pool.
In contrast, all Maker vaults output identical DAI.
Then you get to bundle the debt together.
I'm not sure if I've gotten this correctly or not.
Carter Davis
I’ve never heard of this project and I lurk here a lot.
Any anons familiar with it?
Daniel Howard
>It's MakerDAO for everything.
>You have individual synthetic asset pools where you deposit a single collateral asset and you get back a single output asset.
>Input ERC20 Get back ERC20-USD
>The thinking around this model is that you can actually create a universe of debt from every token that exists while fine-tuning the risk parameters around each one and not creating compounding risk in a global system.
>If we look back in crypto history, decentralized exchanges like IDEX/EtherDelta were permission-less but still had gatekeepers listing tokens. ARC aims to do what Uniswap/Balancer have done to decentralized exchanges - let anyone create debt based on their own parameters.
oh hey i watch the dev's youtube channel. the project is legit, he knows his shit and has been posting explanations of defi protocols for a long time
Josiah Ward
Above my IQ but I want free money
This is like a waitlist with a cap? Giving a go
Jonathan Thomas
I think I get it. Here's the problem though. I don't particularly want FinCen kicking down my door. If I don't want the SEC breathing down my neck on this then I have to go to lengths that could have FinCen kicking down my door.
Now don't get me wrong, I think I'm pretty excited for the future of this product. I'm just not sure that I'm ready to run the risk of getting in on the ground floor. Which is to say that I think that the ground floor is closed to me because I'm not a "farmer".
Landon Perry
Is this on etherscan?
Jaxson Fisher
Project founder actually addressed tweet referenced in OP
We are so fucking early holy shit holy suit illy sir
Julian Young
When is KFY-v2 opening up? I'm registered already. All this cryptic shit is just pissing off the board if you keep doing it daily.
Hudson Wright
youtube.com/watch?v=I8FQ4U1Pw3Q What it is for anons who don't understand OP thanks for not being a hoarding tranny I had no idea this was going on already
Caleb Clark
You’re an absolute bro for bringing this here. Thank you
Evan Diaz
THIS. IT's not open yet right? Just registration?
Asher Baker
sounds good but you still have to convince me that this particular project is not a scam and that there's no other better projects trying to solve the same problem and figure out ways to tokenize debt
Gabriel Gray
I jumped into the Discord, it’s going to open up once Quantstamp finishes an audit. Yes, you read that correctly.
For the first time I feel like I’m watching a legit project spread its wings before anyone else knows about it.
Are we really this lucky?
Bentley Turner
so do you have to have interacted before the same block number as KFY-v1? Or can you claim any interaction for it? This is really interesting although probably out of my iq range but I want to try. What is happening with the contract that was posted? are people manually interacting with it to fill the quota or is the team doing that in accordance with the requests submitted on the forum for KFY-v2?
Isaiah Morgan
literally never seen a thread about this project before.
who pissed in your corn flakes this morning, user?
by cryptic do you mean big words like composable?
Jackson Brown
Is there any info on how exactly the whales are getting culled? Is this actually a fair distribution rather than proof-of-whale larping as one?
I'm already registered, just want to know how it actually works. I get that they're limiting registration and there will be levels with goals, but I have no idea how the specifics will work and I can't seem to find details on the gamepaper or blog. Is one supposed to join the Discord?