Conversation

Do Kwon

@stablekwon

·

Apr 4

Got it. I should shoot for 6. 🤝

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Maker

@MakerDAO

· Mar 31

There are currently 5.1 billion USDC and 499 million USDP in the PSM as reserves for Dai’s liquidity. Dai peg You can swap Dai for 1 US dollar at any time.

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Do Kwon

@stablekwon

Joking by the way. On a side note, one should never care about 1) things that don't matter and 2) things one cannot change If MakerDao doesn't believe DAI stability is at risk (I agree with them) 1) applies and they should just not care

4:23 PM · Apr 4, 2022·Twitter Web App

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Do Kwon

@stablekwon

·

Apr 4

Replying to

@stablekwon

4pool goal is definitely not to destabilize dai - it is to make it less relevant, for which tbh it needed none of my help And missing the boat on utility while overallocating on collateralization is why Maker got to where they are in the first place

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Eric Lutzen

@Eric20Token

·

Apr 4

Replying to

@stablekwon

They care about $dai stability because they think it's better than $ust

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Runemir

@RunemirQi

·

Apr 4

Replying to

@stablekwon

As friendly as you can get 😉👍

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LIMEWIRE

@Limwire0

·

Apr 4

Replying to

@stablekwon

Get buying #BTC buddy! On support!

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0xPisces2707

@pisces27070

·

Apr 4

Replying to

@stablekwon

questions 1) why would projects pay to incentivize liqudity against this pool (unless terra puts in money as well)? 2) if frax becomes wUST, how will it make up for 20% yield deficit vs aUST? 3) if the "curve wars are over", who's competing to buy crv emissions?

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