Bitcoin Forum
October 24, 2021, 02:57:32 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 18 19 »  All
  Print  
Author Topic: Monolith - the first decentralized ruble stablecoin  (Read 1789 times)
Tert2012
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
August 08, 2020, 06:15:48 AM
 #181

How many MDTs are there in the system?
1635044252
Hero Member
*
Offline Offline

Posts: 1635044252

View Profile Personal Message (Offline)

Ignore
1635044252
Reply with quote  #2

1635044252
Report to moderator
1635044252
Hero Member
*
Offline Offline

Posts: 1635044252

View Profile Personal Message (Offline)

Ignore
1635044252
Reply with quote  #2

1635044252
Report to moderator
1635044252
Hero Member
*
Offline Offline

Posts: 1635044252

View Profile Personal Message (Offline)

Ignore
1635044252
Reply with quote  #2

1635044252
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 06:51:46 AM
 #182

How many MDTs are there in the system?


At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130
Tert2012
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
August 08, 2020, 07:09:27 AM
 #183

How many MDTs are there in the system?


At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130


Who is the oracle?
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 07:31:28 AM
 #184

How many MDTs are there in the system?


At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130


Who is the oracle?


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
Tert2012
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
August 08, 2020, 08:08:52 AM
 #185

How many MDTs are there in the system?


At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130


Who is the oracle?


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?
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 08:21:15 AM
 #186

How many MDTs are there in the system?


At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130


Who is the oracle?


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.
jaxon6526
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 08, 2020, 12:13:34 PM
 #187

Where can I learn more about the project?
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 12:34:55 PM
 #188

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.
jaxon6526
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 08, 2020, 12:42:53 PM
 #189

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
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 12:55:59 PM
 #190

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

https://github.com/monolithos/
jaxon6526
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 08, 2020, 01:19:34 PM
 #191

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

https://github.com/monolithos/

 I'm new to the crypto world, tell me what is DeFi?
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 02:41:27 PM
 #192

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

https://github.com/monolithos/

 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.
nomaka
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
August 08, 2020, 03:16:25 PM
 #193

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.
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 08, 2020, 04:08:14 PM
 #194

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.
Cayie
Newbie
*
Offline Offline

Activity: 76
Merit: 0


View Profile
August 09, 2020, 07:17:21 AM
 #195

And the MDT token can be invested at a percentage? Or is it purely for trading and management?
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 09, 2020, 07:48:26 AM
 #196

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.
suraqahpatakah
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 09, 2020, 08:56:24 AM
 #197

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

https://github.com/monolithos/

 I'm new to the crypto world, tell me what is DeFi?

 Why is DEFi everyone doing on the Ethereum? It is a buggy device, it is impossible to use the network properly.
suraqahpatakah
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 09, 2020, 09:04:10 AM
 #198

What opportunities to earn do MDT token holders have?
Monolith.Team
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
August 09, 2020, 11:16:38 AM
 #199

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.
GBGglenn
Member
**
Offline Offline

Activity: 158
Merit: 10


View Profile
August 09, 2020, 12:55:43 PM
 #200

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

https://github.com/monolithos/

 I'm new to the crypto world, tell me what is DeFi?


 Why is DEFi everyone doing on the Ethereum? It is a buggy device, it is impossible to use the network properly.


The aren't many alternatives right now.  Undecided
Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 18 19 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!