muh LINKcrumbs - DEFI edition

[Anonymous No.17498636]

Hey guys I need some serious eyes on this
It's the other latest guest they just added, it's a project that hasn't even been announced yet but you can find this with google
Seems like next level defi shit, defi connected to real world assets

https://defimoneymarket.com/
https://defimoneymarket.com/DMM-Ecosystem.pdf
https://rinkeby.etherscan.io/address/0x02ee9AEbb75470D517BFf722D36762d2b231539C
https://docs.chain.link/docs/defi-money-market-chainlink-testnet
https://github.com/defi-money-market-ecosystem/protocol/wiki
been on testnet for two weeks
whitepaper is full of chainlink implementation details

>One of the few living recipients of CIA's Intelligence Star Medal for extraordinary courage in the line of duty.
wtf, how deep does the sergey rabbit hole go

we believe a crucial gap that needs to be filled is
blending real-world assets with digital assets. By bridging these two ecosystems, we are able to
bring the strengths of both ecosystems to the table

DMM & Chainlink Partnership
We believe DMME is poised to rapidly capture part of the multi trillion-dollar market seeking secured yield

The real-world assets backing DMM include vehicles, property and other “hard” real-world
assets, which are income-generating. The assets pledged serve as collateral for DMM and are
secured through a first lien, senior-secured position (meaning it is above all other rights and
have first priority in the event of lack of payment). If income payments produced by the loans
are not met, the secured asset can be sold to recover the capital and add collateral back to the
system. The income produced by the loans is used to cover the interest payments due when
DMM is converted back to the original digital asset, plus interest.
The initial backing of DMM will be a pool of vehicles, which we believe is the first time that vehicles have been tokenized to
provide interest in this manner.

[Anonymous No.17498654]

Chainlink’s role in this system is to reliably and securely take information on the assets that
back the DMM Ecosystem, and publicize them on-chain. This includes anonymized (and
essential) information about the loans that are active, as well as the valuations of these loans.
Between the two prior bits of information, Chainlink will be able to accurately and transparently
portray the health and collateralization of the DMM ecosystem as well as inject the necessary
information for ecosystem participants to know how their crypto is being allocated to generate
interest.
There are 3 different states the cryptocurrency could be in the DeFi Money Market Ecosystem.
For the sake of continuing with our example, we will use USDC:
1. A portion of the USDC deposited is held to provide ongoing liquidity to the
DMMA, allowing users to withdraw their initially-deposited funds, plus interest,
whenever they would like. Initially, we will keep this reserve ratio (the amount of
crypto purposely kept in the smart contracts) higher to ensure there is sufficient
liquidity. As we gather more data on the usage of the protocol, we will adjust this
ratio accordingly, in order to put more of the allocated capital to work.
2. The deposited cryptocurrency is transferred out of the smart contract and into
fiat, to be allocated to more real-world assets that produce income streams. This
intermediary process may take multiple business days, since it operates at the
mercy of the legacy financial system. We will explore ways we can work with
Chainlink to make this step in the process more transparent.
3. The fiat that was transferred out in state (2) is allocated to real-world assets that
produce income. As soon as the fiat is allocated, Chainlink will receive the new
data and publicize it on-chain.
The real-world assets backing DMM include vehicles, property and other “hard” real-world
assets, which are income-generating.

[Anonymous No.17498810]

bumppp

[Anonymous No.17498888]

>>17498636

Good find annon. Will be fun to keep watching the added guests and then follow the breadcrumbs.

[Anonymous No.17498896]

based info op. give an og crumbies like me something to chew on over the weekend. thanks

[Anonymous No.17498930]

bump

[Anonymous No.17498934]

This is the next evolution of DeFi

[Anonymous No.17498944]

>>17498636

interesting

[Anonymous No.17498982]

>>17498944

This got a whole lot more interesting.

[Anonymous No.17499000]

>>17498982


" firm's advisors and backers have experience as investors, executives, and board directors at companies including: Goldman Sachs, Galaxy Digital, Coinbase, UBS, The Boston Consulting Group, Augur, BitGo, Royal Bank of Scotland, Deloitte, Telefonica, Tata, Blockchain Education Network. "

[Anonymous No.17499012]

>>17498982

this guy is so connected.

[Anonymous No.17499016]

>>17498944
>>17498982
Delete this right now anon..

[Anonymous No.17499026]

cianiggers are funding link now?
So we literally cannot fail. They have infinite money.
Question is, what value does the CIA see in making a bunch of reprehensible individuals and incels millionaires?

[Anonymous No.17499048]

>>17499026
read one of the memos, we were never suppose to invest in this shit. They had to let a small minority in because it was required by law.

[Anonymous No.17499065]

>>17499026
You do realize how few of us there are, right, anon? We are collateral damage. Just pray to God that they don't decide to come for us, and prepare for the worst.

[Anonymous No.17499408]

>>17499065

breh, what

[Anonymous No.17499442]

>>17499408
if you know, you know

[Anonymous No.17499515]

>>17499065
i just want be financially free i won’t hurt anyone

[Anonymous No.17499552]

>>17499442
when the blackouts start i might shit myself like a true linky.. i just wanna make it outta the 9-5 and be comfy bros :..(

[Anonymous No.17499555]

>>17498636
delete this you fucking cunt

[Anonymous No.17499564]

Lmfao
You schitzos are hilarious

[Anonymous No.17499612]

>>17499564
top kek

[Anonymous No.17500097]

>>17499026
>he hasn't read the memos

[Anonymous No.17500121]

>>17498982
He is not in the list
https://en.wikipedia.org/wiki/Intelligence_Star

[Anonymous No.17500261]

>>17499515
me too, im a simple man don't wanna hurt nobody

[Anonymous No.17500312]

Assasination smart contracts coming soon... based

[Anonymous No.17500318]

>>17498636
based insider feeding plebs, i dunno if you're worried about being doxed by you've been spoonfeeding us for more than a year with the exact same posting style (formatting, writing style, lots of self bumps, etc.) i thought you were just an autist at first but you know way too much, anyway thanks!

[Anonymous No.17500321]

>>17500121
active operatives are [REDACTED]
we weren't supposed to (((find out)))

[Anonymous No.17500328]

>OMG GUISE I LOVE DEFI AND STAKING OOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.17500344]

>>17500328
DSR is currently 8%, my savings account is 0.25%

[Anonymous No.17500348]

>>17499048
Nobody sent me a memo can you share yours?

[Anonymous No.17500382]

>>17500344
Who's on the other side of that?

[Anonymous No.17500401]

>>17498636
>he assets pledged serve as collateral for DMM and are
secured through a first lien, senior-secured position (meaning it is above all other rights and
have first priority in the event of lack of payment). If income payments produced by the loans
are not met, the secured asset can be sold to recover the capital and add collateral back to the
system.

Jesus christ the SWIFT prison planet memes weren't a joke. What have we done.

[Anonymous No.17500402]

>>17500382
it's funded by the stability fee, which CDP holders have to pay with then close their CDP, currently stability fee is 9.5%, the margin gets converted to MKR and the MKR is burnt

[Anonymous No.17500436]

>>17500402
Yeah and who is taking those out?

[Anonymous No.17500458]

is ari juels the second iteration demiurge

[Anonymous No.17500467]

>>17500436
speculators, traders, investors, anyone who wants leveraged exposure to ETH or supported ETH tokens, may as well get something useful out of them, not like their creditworthiness matters because Maker can automatically liquidate if they become sufficiently undercollateralized,

[Anonymous No.17500486]

>>17500467
Exactly, so no one. Because nobody is taking loans on premined shittokens.

[Anonymous No.17500520]

>>17500486
c o p e
o
p
e

[Anonymous No.17500531]

>>17500486
https://defipulse.com/maker
?
5-600 million USD is not bad for how nascent this shit is

[Anonymous No.17500544]

>>17500321
>Greg clears his throat and drops a small bombshell: He was an officer in the Central Intelligence Agency in Latin America during the early 1990s. "I'm afraid I can't say more," he teases. A line in his rsum reads intriguingly: "Acted as contact between the U.S. and rebel forces and extreme right-wing political factions." Those dangerous liaisons, he claims, earned him the agency's highest award, the Intelligence Star.

https://www.forbes.com/forbes/1999/0517/6310080a.html#3105605af6c7

[Anonymous No.17500561]

>>17500531
That isn't issued loans. You know Bitconnect had a lot of locked in funds too, right?

[Anonymous No.17500591]

>>17500486
kek comments like this are a reminder of how early we are. Even bizlets don't understand the value of the defi ecosystem. Even when you show them defipulse they still don't get it.
>>17500561
>You know Bitconnect had a lot of locked in funds too, right?
>what is a smart contract
jfc, the state of biz today

[Anonymous No.17500618]

>>17500561
total circulating SAI and DAI is 141 million, that's how much is on loan

[Anonymous No.17500619]

>>17500591
>smart contract prevents someone from dumping premined shittokens they created from nothing on the market while you are holding their bag

B-BUT MUH SMART CONTRACT

[Anonymous No.17500631]

The Unbanked lack the basic understanding of the technology or even ideas of modern financial or banking system will be helped through the #FinNexus App

[Anonymous No.17500678]

>>17500619
You think you are being really smart here. You are not. For your own sake you should swallow your pride and do some research into smart contracts, Maker, and defi. Once you do that you will realize how stupid you look right now.
Yes, muh smart contract. Muh smart contract ensures that I can open a CDP and remain 100% confident that I will get my collateral back if I repay the loan. That is the whole fucking point of smart contracts - I do not need to trust anyone except the code.
Imagine being on biz in 2020 and not understanding the value of smart contracts. Then imagine being that stupid, and still thinking your opinion is worthy of posting.

[Anonymous No.17500696]

>>17500678
stop trying oldfren. This new crop is deficient and not worth saving. I've tried.

[Anonymous No.17500703]

>>17500619
fiat is a highly centralized premined shittoken, why do you trust it?

[Anonymous No.17500711]

>>17500619
>someone dumping premined shittokens they created from nothing on the market while you are holding their bag
Why did you bring up the Federal Reserve out of nowhere?

[Anonymous No.17500748]

>>17500678
stop getting baited

[Anonymous No.17500788]

>>17500678
That isn't what I'm saying, niggerfaggot. I know what a fucking smart contract is. What I'm saying is you lockup your shittoken while the guy who printed it dumps it on the market. Has nothing to do with your specific shittokens that you put up for collateral. He already has 70% of the supply to dump. This is a great scheme to get idiots to lockup funds and gain "interest" (see hold my bags) on their premined shittokens while they get dumped on little by little overtime. That is until people decide they want to start cashing out. At which point the guy holding the entire supply (more or less) decides that's as far as the price as going to go and market dumps everyone to oblivion.

I'm sure I'll have convinced none of you, but that is exactly whats happening. Just keep staking, faggots lmao.

[Anonymous No.17500819]

>>17500788
Ok. Go away then. You aren't invested in link, so... just go away? You're smarter than we are and we're wrong. All of us who already rode the 400x from ICO are dumber than you. You're right and we're wrong.

[Anonymous No.17500849]

>all these posts about fiat as if I support that system

The only coin anyone should hold are PoW coins. Out of those only a couple are even worth it.

[Anonymous No.17500857]

Delete

[Anonymous No.17500884]

>>17500696
>>17500748
Thanks frens, you're right. It's either bait and I should stop falling for it, or he really is that stupid and deserves to die in poverty.
>>17500788
>What I'm saying is you lockup your shittoken while the guy who printed it dumps it on the market. Has nothing to do with your specific shittokens that you put up for collateral. He already has 70% of the supply to dump.
Pretending to be so stupid you don't understand the difference between MKR and LINK is actually pretty good bait.

[Anonymous No.17500916]

Awesome find OP. We fucking CIA now. Wait, really? You can’t make this shit up.
We are all gonna make it.

[Anonymous No.17500942]

>>17500884
he's talking about ETH foundation and Brave team dumping everything they have (ETH and BAT), mass liq'ing CDPs and ripping DAI out of the DSR (i don't think this is possible in the current contract code but how else would CDPs liquidate if there is insufficient DAI for sale on the open market in the event of mass liquidation due to collateral value dumping into the abyss), i don't think this is remotely likely in ten thousand years, but >>17500849 this guy does

[Anonymous No.17501249]

>>17498944
>consumerd

[Anonymous No.17501315]

We are the glownigger now

[Anonymous No.17501333]

>>17501315
I put my hands up, they're playing my song, the butterflies fly away.

[Anonymous No.17501336]

>>17499048
>They had to let a small minority in because it was required by law.
(((They))) our it on coinbase so everyone with a twitter account can buy... you fucking retard

[Anonymous No.17501339]

>>17498636
>>17498654
>>17498944
>>17498982
>>17499000
>>17501315
Toasting in a epic bread frens. We're all going to make it. Thanks based breadcrumbs anon. Change you posting style or get behind over 9000 proxies if that's a concern for you. Reading the whitepaper was bullish af. Reminds me of those economic hitmen that bring down countries with a pen. What was this glow nigger involved in?

[Anonymous No.17501345]

More like C.I.yay amirite. No wonder Ari was talking about assassination contracts. Killing South American freedom fighters just got decentralised.

[Anonymous No.17501347]

>>17501336
Binance bots are more concerning but who knows what the other large exchanges are up to? To survive the Great Bear they must've done something.

[Anonymous No.17501358]

>>17501345
Why would (((they))) want transparency around this issue?

[Anonymous No.17501407]

>>17501347
topkek saved

[Anonymous No.17501436]

If Sergey is actually working with the cia, it cannot fail. But my question is why did they trust Sergey? Why would they trust and work with some random dude in the crypto space? Call me skitzo but the guy has to be SN, there’s nobody else the cia would work with while the USA is actively seeking to restrict crypto

[Anonymous No.17501502]

>>17501436
if sergey is SN or a major part of SN then he would have been between 18 and 20 at the time

[Anonymous No.17502138]

>>17500544
so hes literally a glownigger to keep the white man down

i sold all my link cya losers enjoy your glowcoin

[Anonymous No.17502333]