---
tags: Collateral Call
---

# Collateral Call Summary - Episode #12
October 21th, 2020

## Agenda

- [00:00](https://youtu.be/AGU7_bGKeAQ): Intro with Juan Guillén
- [01:30](https://youtu.be/AGU7_bGKeAQ?t=90): EURStasis with Greg
- [08:45](https://youtu.be/AGU7_bGKeAQ?t=525): Q&A and Discussion about EURStasis
- [30:07](https://youtu.be/AGU7_bGKeAQ?t=1808): Crypto.com with Eric Anziani
- [42:02](https://youtu.be/AGU7_bGKeAQ?t=2523): Q&A and Discussion about Crypto.com

## Video

<https://www.youtube.com/watch?v=AGU7_bGKeAQ>

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](link)

- Hello everyone. Welcome to the Collateral Onboarding Call.
- We are here with Stasis and Crypto.com. The first presentation will be Stasis with EURStasis.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## EURStasis

- [[EURS] - Stasis Euro stablecoin - Forum Thread](https://forum.makerdao.com/t/eurs-stasis-euro-stablecoin/2858)

### Greg

#### Presentation
[01:30](https://youtu.be/AGU7_bGKeAQ?t=90)








#### Discussion

- [08:45 - Juan Guillén: (Lorik in the chat asks) will you add RuPay cards for local Indian people for buying Stasis Euro without any difficulty? Because not everyone uses Visa cards or Mastercard](https://youtu.be/AGU7_bGKeAQ?t=525)
- [10:14 - Juan Guillén: A couple of months ago, Rafael Cosman from Trust Tokens mentioned that it's not possible to do euro from a regulatory point of view. Do you have any comments about that?](https://youtu.be/AGU7_bGKeAQ?t=613)
- [11:54 - Primoz: I have a question specifically related to negative rates in Europe. You're saying that you're storing with custodians and guardians, but the yields in Europe are also negative. So how are you able to have a positive yield on those euros that you're storing?](https://youtu.be/AGU7_bGKeAQ?t=713)
- [13:27 - Primoz: Don't you think that lending EURS to these collateralized margins, services or products, is risky as well?](https://youtu.be/AGU7_bGKeAQ?t=807)
- [14:17 - Primoz: Are you transparent with those assets that you hold? Is this public?](https://youtu.be/AGU7_bGKeAQ?t=858)
- [14:46 - Frank Cruz: Regarding BDO Malta, I was looking for an order report for their operations and I can't find it. Last report was 2018. Do you have a BDO Malta report for us for 2020?](https://youtu.be/AGU7_bGKeAQ?t=885)
- [15:45 - Tadeo: If you have a lot of people who want to sell Stasis Euros at the same time and redeem them for the fiat currency, how do you manage the liquidity in that case?](https://youtu.be/AGU7_bGKeAQ?t=944)
- [17:33 - Juan Guillén: I think the question was, if people want to redeem a lot of EURS and sell or burn the EURS, do you guys have the liquidity to do that?](https://youtu.be/AGU7_bGKeAQ?t=1053)
- [18:53 - Juan Guillén: (Lorik in the chat asks) what would happen when Eth 2.0 would come along? Would Stasis Euro be the same as today or would something change?](https://youtu.be/AGU7_bGKeAQ?t=1133)
- [19:50 - Juan Guillén: Will you guys use the vaults yourselves or you're just interested in getting Eurs into Maker for users and to increase adoption?](https://youtu.be/AGU7_bGKeAQ?t=1190)
- [20:33 - Juan Guillén: (Alex in the chat asks) why do European investors prefer dollar currency and US backed stablecoins?](https://youtu.be/AGU7_bGKeAQ?t=1232)
- [22:12 - Frank Cruz: Do you have a web browser built into your wallet? I heard some app creators had issues with Apple. Coinbase had issues; Trust Wallet recently removed their browser. What has been your relationship with Apple as far as the wallet is concerned?](https://youtu.be/AGU7_bGKeAQ?t=1331)
- [22:53 - Juan Guillén: (Lorik in the chat asks) what's your plan for 2021? Can we see Stasis Euro on PayPal? What's your opinion on regulation and PayPal?](https://youtu.be/AGU7_bGKeAQ?t=1433)
- [27:48 - Juan Guillén: (Sandu in the chat asks) any bets on when a Eurs CBDC can go live? And how would this impact on the Eurs development?](https://youtu.be/AGU7_bGKeAQ?t=1669)

## Crypto.com

- [[CRO] MIP6 Collateral Onboarding Application - Crypto.com - Forum Thread](https://forum.makerdao.com/t/cro-mip6-collateral-onboarding-application-crypto-com/4453/2)

### Eric Anziani

#### Presentation
[30:07](https://youtu.be/AGU7_bGKeAQ?t=1808)












#### Discussion

- [42:02 - David Utrobin: Is there any reason that CRO is not on any of the DEXes? I'm looking for it in Uniswap, for example. I'm not seeing it anywhere. Is it in ERC20?](https://youtu.be/AGU7_bGKeAQ?t=2523)
- [42:43 - Frank Cruz: You said in your presentation that it's going to give exposure to more than five million users and more people will get an idea of Dai. Can you go little more into depth with that? If I'm a Crypto user and I live in Honduras and want to get exposure to a stablecoin, will I be able to have access to Dai? Will I be able to open a vault?](https://youtu.be/AGU7_bGKeAQ?t=2562)
- [44:19 - Frank Cruz: But you won't be able to get access to Oasis and open up a vault, right? You won't be able to use your wrapped Bitcoin as collateral through your app, right?](https://youtu.be/AGU7_bGKeAQ?t=2659)
- [45:06 - David Utrobin: I am curious about how many accounts/wallets hold CRO. I'm curious about the token distribution, specifically. Do you have any data or anything offhand that you can mention?](https://youtu.be/AGU7_bGKeAQ?t=2705)
- [46:33 - Tadeo: Tomás has asked in the chat if you can guide us around the process of staking for CRO](https://youtu.be/AGU7_bGKeAQ?t=2793)
- [47:47 - Juan Guillén: What about the other assets? What else can you stake and what's the process?](https://youtu.be/AGU7_bGKeAQ?t=2868)
- [49:17 - Juan Guillén: You mentioned that the CRO is a utility token, so what can you get with it, what can you pay with the CRO apart from probably staking and getting rewards in CRO. I'm not sure if you provide rewards in Dai or in CRO](https://youtu.be/AGU7_bGKeAQ?t=2957)
- [51:45 - Juan Guillén: (Tomás in the chat asks) can I link my payments with the staking rewards of CRO?](https://youtu.be/AGU7_bGKeAQ?t=3106)
- [52:57 - Juan Guillén: Do you have a list of the merchants that accept CRO?](https://youtu.be/AGU7_bGKeAQ?t=3175)
- [54:23 - Juan Guillén: David and Alex on the chats were worried about the price. What's the actual free float on CRO tokens? Since there's a hundred billion supply, how much could be dumped tomorrow?](https://youtu.be/AGU7_bGKeAQ?t=3262)

## Closing Comment

### Juan Guillén

#### Outro
[55:46](https://youtu.be/AGU7_bGKeAQ?t=3346)

- Tomorrow at 17:30 UTC we're going to have Federico from Kleros. Kleros has just announced a fellowship with the Maker Foundation regarding collateral onboarding.
- Next week, October 28th at 17:00 UTC, we're going to have ConsolFreight, one of the RWA companies that are working with Centrifuge to bring RWA to the blockchain. At 18:00 UTC we're going to have Curve Finance.

## Credits

- Pablo Núñez produced this summary.
- Everyone who spoke and presented on the call, listed in the headers.