Devcon 4 and Updates LiveStream: 10/23
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On October 23rd, Logan Saether and Joseph Bagaric held a special webinar where they updated the community on CL's most recent news. They also discussed about our presence at Devcon IV, and more on the use of the EAC with the MakerDAO system.
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Devcon 4 and Updates LiveStream: 10/23
- 1. Devcon IV, MakerDAO, Updates 23 OCTOBER 2018
- 3. AGENDA 1. DEVCON IV 2. DEVELOPMENT UPDATES 3. NEW TECHNICAL WHITEPAPER 4. MANAGE MAKERDAO CDP WITH EAC 5. QUESTIONS & ANSWERS
- 4. DEVCON IV
- 5. DEVCON IV CHRONOLOGIC WILL HAVE A BOOTH CONTEST AT THE BOOTH - WIN A TSHIRT! 30 MINUTE WORKSHOP ON THE EAC DURING THE CONFERENCE
- 8. 8 DOCKER IMAGE FOR DAPP SETUP NOW YOU CAN USE DOCKER TO SETUP TIMENODE DAPP - Set up a docker container which will run the DApp locally - 3 step process - Try it yourself by following the directions on the README
- 9. 9 TIMENODE IMPROVEMENTS & OPTIMIZATIONS 1. The bucket handler fixed to be less buggy 2. Gas Estimation Fix (BigNumber) 3. Reward Calculation fix (no deposit if unclaimed) 4. Fixes the calculations of time remaining in window 5. Add a minClaimWindow check to avoid claims sent too late
- 11. 11 “TEMPORAL INNOVATION ON THE BLOCKCHAIN” - Team effort - Collects all of the information and presents it as a cohesive whole - Goes over the Ethereum Alarm Clock and Chronos - Includes an appendix exploring the economics behind TimeNodes - The new go-to resource for the latest in ChronoLogic tech - https://chronologic.network/paper
- 12. 12 HOW TO MANAGE YOUR MAKERDAO CDP USING THE EAC
- 13. 13 REFRESHER MakerDAO and ChronoLogic hosted a joint livestream last month. During and after the call, developers from both team started to work together on a blog post. How can you use the EAC with the MakerDAO debt system that underlies the DAI stablecoin?
- 14. 14 USE CASE #1 - SAVING IN DANGER CDP The underlying asset of your CDP (ether) is volatile, you may be liquidate at short notice. You want to set up a trustless recurring check which will send more reserve asset if the risk of liquidation goes too high. Use a smart contract to wrap over scheduling and create a list of scheduled transactions in a whitelist. These transactions will do a routine check for the collateral level of your CDP and recursively schedule a new call if it is still safe.
- 15. 15 USE CASE #2 - ROUTINE DAI PAYMENT You want to set up a routine payment using the DAI stablecoin. For example, let’s say you want to pay down your debt on a CDP you have open. Similar to the last case, you deploy a wrapper contract which will recursively schedule itself and send these payments every interval. Will repay your debt over time, or can send a recurring payment somewhere else. Funds only need to be available at the exact moment, so don’t need to have all of them up front.
- 16. 16 Q&A