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

Apr 4

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

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Do Kwon

@stablekwon

Apr 4

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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monetsupply.eth

@MonetSupply

Apr 4

ust utility in 1 chart

Do Kwon

@stablekwon

Replying to

@MonetSupply

Are we doing charts? I have a lot more money from where the YR came from, I also suspect MKR has a lot more dump left 🤝

4:33 PM · Apr 4, 2022Twitter Web App

Replying to

and

Better to follow the cash flows rather than the market caps. Reality will catch up.

Do Kwon

@stablekwon

Apr 4

twitter.com/stablekwon/sta I mean Terra has more users and more capital, why would you think MKR has more cashflow How were you even hired

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Do Kwon

@stablekwon

· Jan 30

Replying to @ColeGotTweets

Actually, luna dividends at current val $4B collected entirely by fees and no inflation MKR does …? Kthanks

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Replying to

and

Bro Kwon bring it on

Replying to

just wait kek

U cant be srs

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Replying to

and

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?