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Got it. I should shoot for 6. 🀝
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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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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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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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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 🀝
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Replying to and
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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Replying to @ColeGotTweets
Actually, luna dividends at current val $4B collected entirely by fees and no inflation MKR does …? Kthanks
Replying to and
More users, no. More capital, yes. But cash flows are not about how much you have it's what direction things are flowing and currently you are burning through your runway at exceptional speed.
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