Can the MDT token, when diluted, cover all MCRs if their cost becomes zero?
An event in which the Collateral asset loses all value is considered a Black Swan, which is defined as an unprecedented, unexpected, and catastrophic situation. It makes it very difficult to predict the likelihood of severe threats to the system. There is no guarantee that the dilution of MDT will always be sufficient. Diluting MDT can recapitalize the system to a specific limit. It is crucial to consider the severity of the situation. If it is high enough, MDT holders may consider an emergency shutdown appropriate, which will result in the MCR being proportionally eligible for the protocol manufacturer's software portfolio. |
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What opportunities to earn do MDT token holders have?
1.Participation in Flap auctions 2.Earnings on the MDT rate relative to ETH. Since with the correct when managing the system, the more frequent auction should be Flap, when when the number of issued tokens decreases, which is natural this way increases the price of the token. |
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And the MDT token can be invested at a percentage? Or is it purely for trading and management?
Although technically, MDT can be used as collateral, there are reasons why this is undesirable. MDT is intended to be used as a recapitalization source for the protocol. This means that the MDT acts as collateral of last resort to absorb losses that exceed the expected losses from the collateral contained in the vaults. If MDT is used as the first instance collateral, i.e., as collateral secured in the vaults, this will deprive it of effectiveness as collateral of last resort. A negative feedback cycle will occur in the scenario when a fall in the price of MDT will cause the liquidation of the vaults provided by MDT, which will subsequently cause downward pressure on MDT price. While liquidation pricing pressure is a risk applicable to any type of collateral, systemic risk using MDT is potentially higher, since a drop in the price of MDT directly reduces the amount available for the recapitalization of all types of collateral under the MonolithosDAO protocol. The downward spirals in the MDT price also make the MonolithosDAO protocol more vulnerable to management attacks, making the cost of buying enough MDT to vote for an attacker-friendly change more affordable. Besides, if both systemic bad debts and MDT repositories were liquidated at the same time, they would become self-repairing, increasing the risk of a severe fall in the value of MDT and reducing its effectiveness as collateral of last resort. Finally, there is the circular funding argument. The value of MDT is related to the total amount of MCR in circulation. An additional MCR generated from MDT storages will create a positive feedback cycle concerning the price of MDT, which will create even more MCR from these storages. This behavior increases systemic risk. |
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I don't know! The dollar is a tool for international calculations, so stablecoins by the dollar make sense. Everyone can understand its value. The ruble is a tool for purely local payments within the country. We'll see what happens next.
First of all, our project is aimed at the Russian market and traders who use ruble pairs. Look at the trading volume against the ruble on the local and on the same bitzlato. Many traders hold exactly the ruble and do not want their balances to be blocked. Well, you should understand that this volume is due to the fact that some people just want to enter the crypt market, and others to exit. Therefore, consider use of crypto ruble , more than just arbitration.. We are thinking about it, and we will enter the infrastructure gradually. If you want to help us – we will be very happy! I do not understand how the volume of trading on p2p platforms, where people withdraw money for a living, where you can only pay in rubles, is related to the consideration of the ruble as a means of accumulating funds. On p2p platforms, people not only conclusion, a living, but also keep liquidity for trading and earning money. |
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Where can I learn more about the project?
Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website. Give me Github link please I'm new to the crypto world, tell me what is DeFi? DeFi are financial instruments in the form of services and applications created on the blockchain. |
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Where can I learn more about the project?
Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website. Give me Github link please |
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Where can I learn more about the project?
Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website. |
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We use MakerDAO oracles. The modules Feed and Relayer. The Feed asks for the price and the Relayer delivers this price to the contract. Feed takes the median from prices from different sources (direct ETH/RUB pair or calculate the price of ETH/USD median (USD/RUB). Sources for ETH/RUB: binance; cryptocompare; exmo Sources for ETH / USD: bitstamp; coinbase; gemini Sources for USD/RUB: exchangeratesapi; cbr; ratesapi When will MDT be Listing on Uniswap? Already done! MDT token available on Uniswap on from August 3, 2020. |
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We use MakerDAO oracles. The modules Feed and Relayer. The Feed asks for the price and the Relayer delivers this price to the contract. Feed takes the median from prices from different sources (direct ETH/RUB pair or calculate the price of ETH/USD median (USD/RUB). Sources for ETH/RUB: binance; cryptocompare; exmo Sources for ETH / USD: bitstamp; coinbase; gemini Sources for USD/RUB: exchangeratesapi; cbr; ratesapi |
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Take a look at the DeFi market. Analyze, make a decision. |
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This is the new cryptocurrency?
All information about the number of MDT tokens and how they are distributed can be found on the token sale page. |
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What is bitzlato?
It is service to exchange cryptocurrency for fiat It is your project? it is our partner |
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I don't know! The dollar is a tool for international calculations, so stablecoins by the dollar make sense. Everyone can understand its value. The ruble is a tool for purely local payments within the country. We'll see what happens next.
First of all, our project is aimed at the Russian market and traders who use ruble pairs. Look at the trading volume against the ruble on the local and on the same bitzlato. Many traders hold exactly the ruble and do not want their balances to be blocked. Well, you should understand that this volume is due to the fact that some people just want to enter the crypt market, and others to exit. Therefore, consider use of crypto ruble , more than just arbitration.. We are thinking about it, and we will enter the infrastructure gradually. If you want to help us – we will be very happy! |
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What is bitzlato?
It is service to exchange cryptocurrency for fiat |
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I don't know! The dollar is a tool for international calculations, so stablecoins by the dollar make sense. Everyone can understand its value. The ruble is a tool for purely local payments within the country. We'll see what happens next.
First of all, our project is aimed at the Russian market and traders who use ruble pairs. Look at the trading volume against the ruble on the local and on the same bitzlato. Many traders hold exactly the ruble and do not want their balances to be blocked. |
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I got it right mcr is as tether?
Yes, but for rubles. Can tell in more detail what rights do MDT owners have in voting? MDT owners have the opportunity to make technical changes to the MonolithosDAO protocol and ratify on-chain decisions on non-technical issues, whether it is changing system parameters or deciding to adopt a new management philosophy. To learn more about managing the MonolithosDAO protocol, visit the Management FAQ. MDT owners who are interested in actively participating in MonolithosDAO protocol management can refer to the Voting Guide to find out how to get started. |
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I got it right mcr is as tether?
Yes, but for rubles. |
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The idea of launching a stable linked to the price of the ruble is generally not bad. But it is too early to draw conclusions, let's look at further development.
If we can answer any your questions to increase your confidence in the development team, we will be happy to help. |
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