It looks like there will be a way to upgrade a CDP without paying it off or shutting it down, can you confirm this is the case?
-
-
- 4 more replies
New conversation -
-
-
will
@compoundfinance be deploying new contracts as well then? -
There will be a second cDAI contract — during the transition there might be different interest rates between the different contracts!
End of conversation
New conversation -
-
-
@dydxprotocol What do we do with the balances there? -
When using non-custodial decentralized applications, it will generally be up to the user himself to withdraw Sai and upgrade to Dai using our upcoming Migration app. Then the new Dai can be deposited back into the app given that the app support the new Dai token.
End of conversation
New conversation -
-
-
Question: Will there be an "Emergency Shutdown Penalty" or is that not certain yet?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
when is cutoff? what if you dont?
-
See the second section in the blog post with the heading "Why Is the Upgrade Necessary?"
- 1 more reply
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.