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I just checked your all website and read your whitepaper. Just awesome. I really liked your contribution in crypto world.Best of luck.

The twitter account is not yet available, check the links.  Clarify the kind of partnership you have with all those projects listed above

We just update our link,Please check again.Thanks you for your reply.

Thread is looking good and clean. Anyway, I am using hyperpay last few weeks. It's really work fine.

I used many platform of yours.Best of luck

HyperDAO is very good good project.

Can I get more information about your team?

Good luck for for your project and keep contributing in crypto world.

Thanks for your reply.

yes,you can get more information in our whitepaper.

I think the idea of creating a stable coin tied to different fiat currencies is amazing! We need room for more diversity. Would you consider other fiat currencies in the near future?

Some people may want to collate rise their crypto accepts to obtain some fiat. But what happens if yours accepts start losing value? Maybe Bitcoin is kind of stable, but we have seen a long bear market in alts, and it is difficult to collate rise something that continuously is losing its value.

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To incentivize users with hyper tokens for correct predictions about the future movements is no different to predictive markets. But what happens if the predictions are incorrect? Would they suffer some form of punishment or lose tokens? So basically the question is if it would be necessary to stake tokens in order to make a prediction.

Does this project have an ICO or IEO?

We need transparence in the crypto space!! We, as investors, have been totally annihilated!! Sometimes it has been following the hype and investing in projects which have proved not to be accountable about anything. An intermediary between the projects and the investors to warranted not only the timely distribution of the tokens but also the transparent and correct use of the funds is highly needed!!

Knowing that Polkadot is one of the most solids projects out there, I am wondering what is the nature of Polkadot and HyperDao cooperation?

How is HyperDAO unique compared to others?

Happy to be one of your strategic partners!

What do you think constitute a difference between you and other projects out there like MakerDao?

Have you worked previously collection funds? If I understand correctly this project has been around the space for at least three years and now it is concentrating on new endeavors.

The project is very interesting, but the question is if alts will be able to recover.

You plan to be a full DAO (Decentralized Autonomous System), but short term you plan to do a gradual transition. What are the main obstacles you are more likely to find to achieve a fully autonomous system?
Fully decentralised autonomous organizations cannot meet compliance requirements either, and investors sometimes become victims of scams due to exploited loopholes found in DAOs. Therefore, HyperDAO believes a gradual transition programme from a traditional centralized business model to a decentralised model will help to resolve current difficulties while also overcoming obstacles HyperDAO will meet along the way. HyperDAO believes that given the current needs of the market, now is a good time to begin building the foundation of decentralized financial services platform that can provide our community and partners with more ways to reap the benefits of decentralised finance.

I think the idea of creating a stable coin tied to different fiat currencies is amazing! We need room for more diversity. Would you consider other fiat currencies in the near future?

At the moment we are concentrated in delivering a stable coin in the three main world currencies, USD, Euro and Yuan. Nonetheless we are aware of the high interest about blockchain that exist in other regions, like Latin America, for example. As the market matures we will consider other currencies.

Some people may want to collaterise their crypto accepts to obtain some fiat. But what happens if yours coins start losing value? Maybe Bitcoin is “kind of stable”, but we have seen a long bear market in alts, and it is difficult to collaterise something that continuously is losing its value.

Seems that HyperDAO is doing partnerships with the right projects. So far I count Perlin and Polkadot. Maybe in the future you can share information about the nature of these partnerships

In the near future we will disclose information about the nature of these partnerships. Indeed they have the intention to be beneficial for both parties.

You can find this information in our whitepaper.

I am really intrigue about the second reason that can trigger your shutting down protocol, “long term market irrationality”. I have a kind of a feeling about what you mean, but isn’t the crypto market irrational in some way or another?

The cryptocurrencies markets have in general more volatility that traditional markets, although BTC and other top cryptocurrencies, like ETH, have become more stable as the market becomes progressively bigger. Nonetheless we have seen that the market is vulnerable and usually reacts negatively to news, attacks, etc. We want to protect our users’ interests by having a shutdown protocol that is activated by hyperDAO community members if they consider it is necessary given the market conditions.

If HyperDAO envisions to be a decentralized institutional autonomous governance control, what protocol will use to achieve this goal?

What are you doing to spread HyperDAO awareness?I think you should notunderestimating how important comments and posts are on reddit and the creation of a community there.

Yes, you are right. In order to participate in a poll, users must deposit Hdao tokens into the poll smart contract to be registered as poll tickets. After the poll has ended, participants who chose the correct answer will share the prize pool made up of all the tickets submitted to the pool. As you can imagine users who answer incorrectly will forfeit their deposited Hdao tokens. We really want to encourage participants to conduct research prior to participation and reward them for making well-informed decisions. Of course these polls will form an index of the market sentiments of the cryptocurrency market.

Soon we will give more details about this partnership and how it would be beneficial for both parties.

I am aware that this project, among many other services, will provide custody services. What type of wallets will you offer?

We totally agree with you, and as the market matures investors will demand more transparency and accountability on the projects in which they have invested. We are moving away from blind speculation into adoption. That means more regulations, transparency and responsibilities.

We indeed are helping LIBRA to hold its crowdfunding round.

We definitely agree that we need to be more active in that sense. And we will be working to stay closer to our community.

What are the requirements to become a supernode?

Aside from voting for community representatives in elections, users can also nominate supernodes, which are reputable entities such as investment companies, exchanges, wallet providers or other stakeholders in the industry to become part of the HyperDAO ecosystem. They will bring with them a wealth of resources and expertise that can help expand and improve not just HyperDAO’s ecosystem, but the entire industry.

I think it would be good for you to periodically have an AMA. It is always good for a project to show progress and to keep a transparent an open communication with their community.

Thanks for weekly report.

Do you have a newsletter where you show a monthly or a biweekly progress report?

Would you require a KYC? I believe that KYC is somehow a form of censorship. Many of us not living in the Western countries really find great difficulties when we try to access the Western financial system. The KFC automatically creates an impeding web of censorship among the people (specially non Westerns) that need the most scape the unfairness of centralization and the conditions and restrictions imposed by our governments. After all the intention of BTC originally was to be decentralized and stay as far away as possible of the oversight of governments.

Even though I know that DAO is decentralized stable coin, I am imagining a hypothetical case in which the dollar or the euro could collapse due to a major recession just like it has happened with the currencies of countries like Venezuela or Zimbabwe.

What is the point of collateralizing my ETH to get only 2/3 of its current value when I can just wait for it to double its price or even be worth 1000 USD?

How do I know I will not be liquidated when doing leveraging?

Nothing will happen. Most likely DAO will be peg to another form of currency, like BTC, Silver or Gold. But that is very unlikely to happen.

What is the point of collateralizing my ETH to get only 2/3 of its current value when I can just wait for it to double its price or even be worth 1000 USD?
[/quote]This is more less how it works. As today the price of ETH is approximately $150, if you collaterise 1 ETH you will get the equivalent to $100 HyperDAO. With that amount you could buy 2/3 of ETH or 0.66 ETH. If market conditions are good, and in the future your ETH is worth 1000 USD, you will be the happy owner of the equivalent to $1600 USD, but you will have to return only $150 USD. Take into account that you may need to over-collaterise in case the market present corrections which may liquidated your collaterals. This is known as leveraging.

There is always a risk to be liquidated, that is why it is important to choose good entry points based on serious analysis and understanding of the market.

USA’s Federal Agencies like FinCEN view all stablecoins as falling under their remit. Under their “technical neutral” stand point, they feel entitled to regulate such currencies: “It does not matter if the stablecoin is backed by a currency, a commodity, or even an algorithm – the rules are the same,”. They may try to enforce KYC.  The whole purpose of DeFi is to create a decentralized economy that can bypass the regulations of these centralized agencies. I am wondering if they will be able to catch up with technological innovation.

I am quoting Carvalho when he says “Governance doesn’t belong on a blockchain. You want as little governance as possible to be baked in. The more governance you have baked in, the more susceptible it is to being a predatory or being basically an attack factor.” Since governance is part of HyperDAO I am wondering if this could be an obstacle to create a really decentralized currency?

I am convinced that stable coins are here to stay. We have witnessed the rise of stable coins peg on the USD dollar, which unfortunately just extended the problem of centralization into crypto. But now we are seeing even more sophisticated stable coins like MakerDao and of course HyperDAO where the stable value is determined by algorithms. And even though they are less volatile than any other cryptocurrency, I am still very surprised that our reference is still a fiat currency that has lost 95% of its value since 1913. That it is, we are still using as reference a form of currency that is slowly bleeding to death, since all forms of currency eventually become extinct. Right now I am just trying to wonder what would be the next step once we transcend the USD even as a form of reference.

. If a created a CDC in order to generate some Hyper-Fiat say collaterising 1 BTC approx. 7500 USD (or maybe a little less) to get 5000 Hyper-USD. Planning to use this money for any business you can imagine, then the price of BTC crashes to 5000. That means I have to somehow to compensate for the missing 2,500 USD with more BTC to prevent my CDC from being liquidated?

Wondering how the price of HyperDAO would be affected if there is a major collapse or correction in the market. How would this affect the stability of a coin whose value in principle is supposed to be stable?

When you open a CDC what is what you generate? HyperDAO?

It may be hard to enforce their rules. Currently the guidelines are ambiguous and not very practical. Those agencies will have to suffer a paradigm shift to adapt to emergent technologies.

Indeed, he may be right, but it is also truth that given the current conditions fully decentralized autonomous organizations cannot meet compliance requirements either. Sometimes investors may become victims of scams due to exploited loopholes found in DAOs. HyperDAO believes a gradual transition programme from a traditional centralized business model to a decentralized model will help to resolve current difficulties while also overcoming obstacles HyperDAO will meet along the way.

Most likely people will have to buy some ETH to not get liquidated. Nonetheless there will be always buyers once the market finds a bottom. Worst case scenario would be the shutdown protocol.

At the moment we are concentrated in delivering a stable coin in the three main world currencies, USD, Euro and Yuan. Nonetheless we are aware of the high interest about blockchain that exist in other regions, like Latin America, for example. As the market matures we will consider other currencies.

We believe that blockchain technology is here to stay, and although the short term picture may be a little bit discouraging, we believe the market will recover. There are some projects out there that will definitely revolutionize the way we interact with each other and make business, just like the internet did it two decades ago.

This is a complex question that requires some consideration in order for us to give an answer. We know and understand that the conditions of the current financial system are no ideal for many people not living in Western countries. Nonetheless there are some regulations every project is required to follow in order to be able to operate given the circumstances. If you have read our paper you will probably know that we are trying to include as many individuals from non-Western countries as possible. Our vision is that a fair financial system has to empower those that need it the most, especially those that lack the advantages and privileges given by granted by most westerners. Keep an eye on our project because we will definitely try to reach a solution regarding this matter.

What you actually generate is Hyper-Fiat, which can be Hyper-USD, Hyper-Euro, or Hyper- CNY. On the other hand, HDAO governance tokens will enable users to jointly develop the HyperDAO platform, which includes submitting governance proposals to vote, elect community representatives, trigger the safety protocol in case of market irrationality behavior, vote for interest rate adjustments, set risk parameters and recommend projects to be listed.

Increasingly I have seen concern about the dystopic scenario in which the dollar collapses. And although such a scenario is very unlikely (unless we consider a time scale in the order of decades) it is frequent to see responses that point out to possible collateralization in terms of another currenciesand even different assets.
Perhaps the most realistic answer comes this way:
(1) If USD inflation occurs, that would mean an increase in the price of ETH in relation to USD.
(2) Of course, a bull market would mean more people doing leverage in the hopes of acquiring more ETH as explained in past comments. However, doing so would mean less people holding HyperUSD, for example.
(3) The only way to keep the price of stable would mean increasing the Stabilization Fee.

The collapse of the dollar is extremely unlikely to occur. Cases of hyperinflation are created usually by governments trying to find their way out of debt by printing a thumping amount of fiat. This occurs when their economy of course is not dominated by their own currency.

I believe that if the USD were to experience hyperinflation, the only way to maintain the peg to the USD would be to increase HyperUSD circulation proportionally. That would have as a consequence that the Saving and Stability Fees had to be reduced.

That is totally not truth.

What is a safe way to collaterise so that I do not get liquidated right away? Can someone give advice for people like us which are not traders and would not like to make a mistake? I am currently only practicing.

It is recommended that you have a collateral of at least 200%, to play it safe, even 300% is a best option.

play safe. A range between 250%+ should be fine. You can always adjust based on the market movements.

I think 2020 will be the year for DeFi!

I was reading online that the growth in this sector is around 130% over the last 12 months. That is amazing considering that other sectors of crypto are struggling even to survive. There is currently around 700 million USD dollars locked up in these decentralized financial applications. Compared with the 306 million we had around the same time last year that is an amazing growth. And although other applications like Maker are currently dominating the market, I believe HyperDAO is also significantly contributing in the right direction, taking into account that they peg their stable coin to different currencies like USD, EURO and CNY. Anyone has any idea of how big this market will be in probably 4 to 5 years?

Nobody knows where the market will be, but some people really believe that this market could surpass all cryptocurrency market by the introduction of tokenization of other assets, like bonds, precious metals or real state which could equally be used as collaterals. Besides all the negativity surrounding the market with this long winter, we are witnessing the emergence of a technology that will change the way we understand money and finance.

Maker currently holds around 55% of DeFI. I am wondering how much is HyperDAO currently holding.

Looks like it is increasing, but we are not parabolic. No yet.

Means people are leveraging ETH via DeFi protocols. If this is parabolic, overleveraged longs will be liquidated. Wait. 

This is where we currently are, parabolic or not this is steady growth!https://i.imgur.com/tsGcu9M.png

I am still wondering why everyone is so excited about DeFi. What a project like HyperDAO can offer to the market which is not currently offered by any other form of centralized institution?

There is plenty of options offered by DeFi market’s like HyperDAO. The list is long, I only include a few of the most interesting ones:
•   You can earn interest on crypto assets by holding on them. There are compound protocols and Dapps. We could mention Dharma, Celsius, Nexo, BlockFi, etc.
•   You can protect yourself against the failure of smart contracts with Nexus Mutual, Etherisc, etc.
•   You can bet on the outcome of any event with predictive market platforms, there are plenty of them, like Augur, Gnosis, Helena, etc. HyperDAO has its own predictive market platform.
•   You can hedge your crypto assets by means of derivative trading platforms.
•   You can store value in a crypto-backed stable coin like HyperUSD in time of extreme volatility.

Well, they already gave you a list. DeFi is the future of finance. It represents the first attempt to try to create stable coins backed by collaterals instead of fiat like USD. That is money whose value is determined by algorithms open and accessible to everyone and not by a central bank.

What do you think will be the big challenges and the big opportunities for DeFi protocols like HyperDAO during 2020?

The biggest challenge? Probably regulations. Right now HyperDAO and other projects can operate without regulatory approval given its decentralized nature. But in order to create a regulatory structure some crypto-friendly jurisdictions will be much needed. That would probably mean that lawmakers will have to agree to formulate such regulatory framework.
Opportunities? Maybe asset tokenization? Also the opportunity to expand in those sectors where traditional (centralized) financial institutions have left out large portions of the world population…

The biggest opportunity is the inclusion of third world countries into the DeFi movement and its synthetic assets. Think about an artisan in Haiti, a cheese producer in Argentina, or a merchant in Iran. All these countries have in common a high inflation rate. They can store their wealth in a stable coin like Hyper which can act as a synthetic dollar, euro or yuan, rather than storing their wealth in their local currency and watching its value erode over time. With the opportunity comes the big challenge and that is, how to make HyperDAO accessible to the masses, the real people?

I can see that now. Good points. Mass adoption continues to be the last boundary.

Seems like 2019 was the year for DeFi. It even outperformed BTC in growth. I am wondering if this trend will continue during 2020.

I see how the blockchain continues to evolve in the positive direction, we have reached for example the point where a project like HyperDAO has created a series of stable coins pegged to the Dollar, Euro, and Yuan and backed by Ethereum collaterization. But looking at the number of cryptocurrencies available at coinmarketcap (right now there are more than 5000 projects) and seeing how most of the projects that were so hyped during 2017-2018 are now under the waterI do not blame people from other technological sectors when they look with scorn or even indifference anything related to blockchain technologies. I have seen in many conferences how people recoil and sometimes almost reach to the point of open hostility. Crypto is very often associated with the word scam. But again we continue to see the innovation and the impact that represents the creation of a non-centralized monetary system and the wonders it can bring to our financial system.

The first thing we have to understand is that blockchain is a revolutionary technology but it has been hyped and distorted. This distortion was part of a social phenomenon created by the euphoria of 2017’s bull market. Seeing a number of assets grow continuously over a period of 2 years created cognitive bias in many individuals. They associated speculation and manipulation with technological mass adoption. They were so convinced that blockchain was about to take over the world, something which was not truth, at least not at the moment. It was not truth either for most projects as we continue to see a massive purge in the space.What is probably truth it that blockchain represents nowadays what the Internet represented to people in 1994-1997. Nobody knew what Internet really meant except for a small group of innovators. Nonetheless, eventually Internet was able to infiltrate in every single pore of industrialized societies. The same will happened with blockchain technology.

 Can someone explain to me the different mechanisms to create stable coins? Why are HyperDAO or MakerDAO any different to USD Tether and why the DAO approach is better or even necessary?

Definitely, but I am still wondering why so many of these projects were born dead. I still remember the time when there were only one thousand projects or something like that. It can make anyone skeptical.

Speculation and popped bubbles are also part of the process of mass adoption. What it matters is that innovation has not stopped and HyperDAO and other decentralized financial systems are proof of that.

If they do not realize the importance of decentralization that is their problem. The implications of blockchain are so deep they represent a paradigm shift as great as the invention of the print. The print allowed people to read, scrutinize and question. Those are forbidden ingredients for any authoritarian form of government. The space looks horrible and this has been a long winter, but the work has not stopped.

OKEx Jumpstart to Launch Its 10th Token Sale with HyperDAO (HDAO)


VALLETTA, Malta, Feb. 6, 2020 /PRNewswire/ -- OKEx Jumpstart, the token sale platform of the world-leading cryptocurrency exchange OKEx, announced its 10th token sale with HyperDAO (HDAO) to be launched on Feb 25, 2020 (UTC). HyperDAO is committed to building an efficient, transparent and reliable DeFi (decentralized finance) ecosystem, offering a one-stop financial service platform for global users.
With the same belief as OKEx in decentralized finance, HyperDAO seeks to "gradually transform its existing centralized business model into one that is decentralized and governed by community members." Backed by distributed ledger and blockchain technology, HyperDAO provides a comprehensive, integrated financial service ecosystem. From infrastructure, trader-intrinsic services such as stablecoin, crowdfunding, and wallets, to market forecast, development of microfinance, and e-citizen information systems, HyperDao covers applications on both micro and macro levels.

"OKEx believes in Decentralized Finance (DeFi), and this is what we are endeavoring to develop. We are glad to partner with HyperDAO who share same belief with us," said Jay Hao, CEO of OKEx. "HyperDAO brings the industry a new series of real-life applications. I am always surprised by the many innovations out there and it is our pleasure to help the creators realize them. We hope other market players to join hands in bringing blockchain innovations to everyone's life."

Subscription Details
HDAO has a total supply of 5,000,000,000 HDAO and will be available on OKEx Jumpstart at $0.01 per HDAO, while the private sale price from HyperDAO is $0.02 per HDAO, with an individual minimum subscription amount of 32,000 HDAO. OKB is the only token accepted for the subscription and settlement. The exchange rate of OKB/USD will be confirmed on the sale day. There will still be 2 subscription sessions on 25 Feb. The OKBelievers Exclusive Allotment Session will open at 04:00 (UTC), and the OKTraders Privilege Allotment Session will open at 05:00 (UTC).

OKBelievers Exclusive Allotment Session: 100,000,000 HDAO
Individual Cap: 400,000 HDAO
Over-subscription Limit: N/A

OKTraders Privilege Allotment Session: 100,000,000 HDAO
Individual Cap: 400,000 HDAO
Over-subscription Limit: N/A

Following the token sale, the HDAO/USDT and HDAO/USDK spot trading pairs will be available at 07:00 and 09:00 Feb 25, 2020 (UTC) respectively.

Please refer to OKEx Jumpstart x HyperDAO (HDAO) Token Sale Details for further information.

About OKEx
OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, futures trading, and perpetual swap trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.




New Link : https://www.marketwatch.com/press-release/okex-jumpstart-to-launch-its-10th-token-sale-with-hyperdao-hdao-2020-02-06

Tether has a high level of centralization. And although its mechanism is pretty easy to understand by anyone (you basically create 1 USDT every time 1 USD is deposited in some bank account) it has some disadvantages.
The first problem is his (1) high level of centralization which creates, of course, a high possibility of fraud, Tether has been under the spotlight regarding this issue. (2) It needs audits by trustworthy 3rd party companies which are expensive. (3) Reserves can be seized or the company shut down which makes it highly dependent on banks. Such are the problems of centralization.
On the other hand, the DAO projects create their stable tokens by means of an elaborate smart contract system backed by Ether holdings. These stable tokens are pegged to USD, EURO or Yuan every time a user takes loans out in these electronic “Fiat-tokens” against their ETH holdings. This is called collaterization and it has to be at least 150% of the total amount borrowed. Basically the money is being created by people taking loans using their ETH as warranty that they will pay back the loan. The “Fiat tokens” are created according to the current value of ETH. This is how cryptocurrencies create these “Fiat-tokens”. The advantage is that this system is decentralized or partially decentralized and, therefore, auditable and has driven incentives for their communities.
The disadvantages are (1) the complexity of the mechanism that maintains price stability. This complexity makes them (2) difficult to understand to the layman and hard to scale. They also have the disadvantage of (3) a potential crash given any “market irrationality”: periods of extreme volatility in the market which could create a downward spiral. HyperDAO even has a shutdown protocol to protect itself from such worst case scenario.
Long story short, the DAO approach tries to use cryptocurrencies to generate stable electronic fiat, rather than paper money. Using cryptocurrencies to generate “Fiat-tokes” adds a greater level (although not perfect) of decentralization with respect to stable coins like USDT, TUSD or Stably.

I see how the blockchain continues to evolve in the positive direction, we have reached for example the point where a project like HyperDAO has created a series of stable coins pegged to the Dollar, Euro, and Yuan and backed by Ethereum collaterization. But looking at the number of cryptocurrencies available at coinmarketcap (right now there are more than 5000 projects) and seeing how most of the projects that were so hyped during 2017-2018 are now under the waterI do not blame people from other technological sectors when they look with scorn or even indifference anything related to blockchain technologies. I have seen in many conferences how people recoil and sometimes almost reach to the point of open hostility. Crypto is very often associated with the word scam. But again we continue to see the innovation and the impact that represents the creation of a non-centralized monetary system and the wonders it can bring to our financial system.

Definitely, but I am still wondering why so many of these projects were born dead. I still remember the time when there were only one thousand projects or something like that. It can make anyone skeptical.

This is IEO is FAKE see reference https://steemit.com/scam/@jackzee/okex-launch-fake-ieo-hyperdao-don-t-fall-for-scam (https://steemit.com/scam/@jackzee/okex-launch-fake-ieo-hyperdao-don-t-fall-for-scam)

You did not mention the other way to create “Fiat-tokens”, and that is proof of burn. I am thinking about eUSD, a stable coin created by sending ETH to a provided eUSD smart contract. The burning process means that some eUSD are minted according to how much ETH at current market value is sent to a smart contract where it will be locked forever. That is a smart way to migrate crypto, in this case ETH into “fiat tokens”.

The current valuation of ETH is around 18 billion, and Tether’s around 4.7 billion. Imagine if 4.7 billion of ETH had to be locked forever “burn”. That is approximately 25% of ETH total supply. What would something like thatwould do to ETH’s price?

What something like that would do to ETH price? Not sure, but you are basically reducing the supply of ETH tokens. ETH has no inflation rate and it has to be mined. I guess it should increase the price of ETH. That would mean that you would require less and less ETH to generate more “fiat tokens”, they will most likely acquire it on exchanges listing eUSD. The advantage it has, just like HypeDAO is that burned or collateralized ETH can always be verified, making the creation process fully transparent and auditable on Etherscan. No third parties involved there.

Seeing it like that it makes sense. I think now I understand why there was so much noise about the Tether bomb.

Maybe because DeFi is the new hype buzz-word. But remember that these are all centralized projects with extraordinary trust issue. They are at peril of collapsing just like the failed projects of 2017.

A good question would be who is going to assess credit requests in DeFi? If there are not assessments irresponsible capital borrowing will eventually happen. This is dangerous and can lead to major financial losses and collapse of many DeFi projects when borrowers are unable to pay back.

 All DeFi lending is overcollateralized. That would be truth only if the price of ETH drops fast enough such that loans cannot be properly liquidated.

2020 will be the year for privacy coins, just like 2019 was the year for DeFi, and 2017 was the year for ICOs.

: I think like DeFi projects, like HyperDAO and even MakerDao still have a long way to go.  There are so many steps that need to be taken to bring the advantages of Decentralized Finance systems to the masses. Here is a list of things I consider Hyper should take into account:
a.   They need to create interfaces which are amicable and easy to use by the lay man. Although they still should maintain privacy, multi-sign contracts and access to distributed blockchains. But they should remain in the background. The user probably needs an interface pretty much replicating what other main stream applications offer.
b.   Keep in mind that the average person is not a trader, does not want to do prediction market and maybe does not understand the movement of the financial markets and its dynamics. What they probably want is a system that allows them to do peer to peer transactions without all the fees involved by centralized institutions. Of course lending, interest income, wealth management, and collateralized loans are excellent and can only help the ecosystem growth.
c.   Create the bridge between centralized fiat and decentralized cryptocurrencies by means of stable coins, working intensively on making the public aware that they can create saving accounts, generate passive income (more than in the traditional banking system), and that they can also take loans by means of created ETH collaterals.
I believe that when DeFi offers an application so easy to use like other mainstream companies, like Amazon or Uber, we will see an influx of the public into this emergent market.

Something that may help will be a proliferation of assets coming to DeFI in the near future.This includes fiat currencies and tokens derived from real world assets, like real estate and even precious metals. Thus creating more assets that can be connected to create new kinds of assets.

Well, I think this is just the early phase. And most of us here are speculators, others are researchers or traders. We still do not know if the public will be able to digest this new technology in the next few years. HyperDAO just like all the other DeFi projects are still in a very experimental phase. This is a market in its infancy.

Speculation and popped bubbles are also part of the process of mass adoption. What it matters is that innovation has not stopped and HyperDAO and other decentralized financial systems are proof of that.

hDAO / tezos ====> https://www.hicetnunc.xyz

 8)

weeeee