DeFi composability: boon & curse. synthetics w/Dai collateral can see weird things happen if Dai>>$1. ex: each yCOMP token is redeemable for 1 Dai * COMPUSD at expiry. If Dai=$1.2 at expiry, then this really means $1.2*COMPUSD. you could see yCOMP > $COMP pre-expiry as a result

if $COMP decided to direct a portion of liquidity mining rewards to something super useful but totally unrelated to Compound itself - say, provably (idk how to prove, but hypothetically) onboarding normies into ETH - what would happen?

comp mining is going to go on for 4 years. there is 406M Dai supply vs 384M borrows --> only 22M dai in the actual pool. do ppl realize that if they need liquidity on cDai they might not be able to get it?

is there an rDai-equivalent for cETH?

you know why cancel culture is important? because congress is a joke. yes, we should vote. but the immediate power we have to affect change is to 1) vote with our consumer dollars, and 2) vote with our social capital. both of these represent our individual sovereignty.

WDYT of altcoin projects (not snx) creating synthetic markets by collateralizing them with their own altcoin?

anyone out there have experience with or as a "chief of staff" for a crypto project? let's talk. angel.co/company/uma-pr…

as gas prices continue to increase, feeling pretty grateful that UMA's DVM has only had to push 4 prices to the blockchain so far for $20m TVL - 1 for testing, 2 for settlement, and 1 for a real dispute 🥳

does anyone remember grin? just sayin'... be careful out there coinmarketcap.com/currencies/gri…

oh god, am i an eth boomer already?

the SEP/OCT roll has officially flippened! yUSD-SEP20 will only be eligible for liquidity mining rewards until 11p UTC tmr. 🧑‍🌾 remember to roll to the October contract.

$UMA yield farmers: only a few hours left to roll your yUSD-SEP20 tokens to yUSD-OCT20. If you don't, any yUSD-SEP20 you have converts into a fixed amount of ETH and is locked until the DVM resolves the price. Keep earning and roll! medium.com/uma-project/um…

is there a world where the price of $ETH completely tanks (think black thursday), but gas prices remain persistently elevated? why would that happen?

don't trust emails from me. there is no reason for me to ever ask any of you for money, and i am not a free giver of $UMA either lol.

I made this IRL... now should I make it into an NFT? 😂

has anyone built rDai, but for yield farming? ie - a way to automatically send yield returns to a separate address from the original farmer