@amadeobrands Amadeo, Great informative video on Defi 101 and I’m in the process of watching the Q&A today. A couple questions to everyone that I had about MakerDao protocol. My apologies if this is too basic…
Lets assume an example that Oasis is paying 4% DSR on Dai and has a 6% stability fee for opening a CDP. The 4% interest comes from the 6% stability fee paid by CDPs. The 2% spread is then used to buy MKR and then the MKR is burnt. Is that correct?
On a normal liquidation that falls below the 150% liquidation ratio, the CDP holder is charged a 13% liquidation fee. Where do those fees go? Are they converted to MKR and burnt as well?
In the current 0% stability fee/DSR environment, does that mean people can open interest free CDPs?
What is lowering the DSR to 0% trying to accomplish? Trying to get people to open CDPs?