cdp.Auction

cdp.Auction

CDP Auction provides a platform to list CDPs for sale. By auctioning off your CDP, you can avoid the 15% liquidation premium and close your position without paying back the amount of DAI owed. Additionally, you can monitor every auction listing and arbitrage between CDP listing value and face value.

The cross-chain DeFi project Kava launched the CDP testnet 6000 and updated the reward mechanism in the agreement: According to the official announcement, the Cosmos-based cross-chain DeFi project Kava launched the last version of the testnet 6000 today, and the official mainnet is expected to be launched in early June.

This Kava testnet update implements the automatic distribution of rewards in the protocol and the CryptoPayDay rewards set by Kava. Currently, the Kava community is voting on the upgrade of the main chain. [2020/5/20]

At CDP Auction, you can bid on distressed CDPs; swap your CDPs directly for ERC-20 tokens; or exit your CDPs without offsetting outstanding DAI balances.

Chairman of China Mobile: Promote the integration and innovation of 5G, AICDE, and blockchain: Recently, the Ministry of Industry and Information Technology held a special meeting on accelerating 5G development. Yang Jie, secretary of the party group and chairman of China Mobile, said at the meeting that China Mobile will implement the "5G+" plan in depth and accelerate the construction and development of 5G. He said that it is necessary to accelerate the enrichment of 5G application scenarios and expand new formats and models of information consumption. Research and sort out the new needs brought about by epidemic prevention and control and resumption of work and production, promote the integration and innovation of 5G, AICDE, and blockchain, and strive to create more high-quality, valuable, and reproducible demonstration applications. (Pengbai News) [2020/3/10]

News | Researcher Jim McDonald Predicts Ethereum 2.0 Validation Costs: Ethereum advocate and general manager of Weald Technology Jim McDonald tries to predict the cost of future Ethereum 2.0 validators. McDonald mentioned three main types of validator costs: setup, infrastructure, and operating fees. The first category of costs includes the cost of selecting hardware, operating systems, and software implementations. The last one seems to be the most difficult since there are currently half a dozen Ethereum network implementations available.

Infrastructure costs include depreciation charges for hardware, power and network costs. McDonald suggested that it is best to calculate the depreciation period of 36 months. Operating costs include costs for maintaining hardware, software upgrades, and reevaluating implementations. But the most interesting claim McDonald made was this: As the ethereum 2.0 network progresses, its fees will increase substantially, including phases 1 and 2. It should be pointed out that McDonald failed to explain the approximate cost with specific figures. According to the latest estimates, the minimum mortgage amount required by Ethereum 2.0 is 32 ETH, and the expected annual rate of return is 4-5%. (U.Today)[2020/1/10]

Tags：cdp.AuctionDeFi

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