---
# System prepended metadata

title: 'Focus On Call - Episode #03'
tags: [Focus On]

---

---
tags: Focus On
---

# Focus On Call - Episode #03
August 25th, 2021

## Agenda

- [00:00](https://youtu.be/yGOvf09U4PU): Intro with Juan Guillén 
- [00:00](): Focus On Deco: Presentation with Vansi Alluri and Discussion
- [53:15](https://youtu.be/yGOvf09U4PU?t=3195): Outro

## Video

<https://youtu.be/yGOvf09U4PU>

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](https://youtu.be/yGOvf09U4PU)

- Welcome to another session of MakerDAO. My name is Juan. I am the facilitator of SES CU. Today we will focus on the Deco protocol. They are bringing interesting solutions to change variable fees for fixed fees.
- For other episodes of FO, please [check the forum](https://forum.makerdao.com/search?q=focus%20on).

## Presentation and Discussion

### Vamsi Alluri
[00:45](https://youtu.be/yGOvf09U4PU?t=45)

- ![Cover](https://i.imgur.com/jBDNBfq.png)

- ![ProtocolAsset1/2](https://i.imgur.com/NZKy4av.png)

- ![Meme](https://i.imgur.com/zsFzsIm.png)

- ![ProtocolAsset2/2](https://i.imgur.com/7Ag5jYM.png)

- ![UserExperience](https://i.imgur.com/hoAlVvm.png)

- ![UEAuction](https://i.imgur.com/VLXQ7OJ.png)

- ![VaultOwnerExperience](https://i.imgur.com/JYUDHzX.png)

[14:53 - Juan Guillén: Let's say I purchased this claim token and the SF does not change, then the yield would be zero, is that correct?](https://youtu.be/yGOvf09U4PU?t=893)

[00:53 - Someone (from chat): Can Vault owners purchase claim tokens, and can claim tokens be liquid in secondary markets for anybody?](https://youtu.be/yGOvf09U4PU?t=953) 


![YieldTokenBasics](https://i.imgur.com/xA6qhml.png)
 
![Deposit/Withdrawal](https://i.imgur.com/34kfx1z.png)

[20:11 - Planet_X (from chat): What happens if I forget about my claim free ETH-A tokens? Do they lose all value?](https://youtu.be/yGOvf09U4PU?t=1211)

![FeeToken](https://i.imgur.com/nUvwnDE.png)

![DecoLifecycle](https://i.imgur.com/IegBdF6.png)

![DecoZeros](https://i.imgur.com/dkVxQ2W.png)

![MakerDAO-DebtBuckets](https://i.imgur.com/aDUoWv3.png)

![MakerDAO-Benefits](https://i.imgur.com/MY3PDtH.png)

![Conclusion](https://i.imgur.com/htE049b.png)

![DecoMakerDAO](https://i.imgur.com/XKrcvJx.png)

[38:31 - Payton Rose: It looks like our ability to issue these claims is capped by our available debt within a particular hook.](https://youtu.be/yGOvf09U4PU?t=2311)

[39:22 - Payton Rose: What would happen if some Vault owners closed? For example, we issue a million, claim, and then everybody flees to a new protocol, suddenly we lose a million?](https://youtu.be/yGOvf09U4PU?t=2362)

[40:37 - Planet_X: From a user interaction perspective, would it be possible to hide the claim fee ETH-A token, so the users do not see it? It is possible to secure a fixed rate of 20%, 50%, or 80% with your design. To make it simple, we could hide the entire token and have a check box to request a fixed rate.](https://youtu.be/yGOvf09U4PU?t=2437)

[42:35 - Someone: I want to ask about the auctioning of the Fee tokens. It seems that it is a key step, and that is where the risk for MakerDAO would arise. The risk that Maker is taking on is the interest rate fluctuation risk. You collect the equivalent of a fixed rate upfront. You committed to pay that out to fund the Fee tokens later. How do you ensure that those auctions are competitive in a bootstrapping phase?](https://youtu.be/yGOvf09U4PU?t=2555)

[46:53 - Planet_X: Is it 100% necessary to integrate this with the Maker protocol? Is it not possible to do a stand-alone development of this?](https://youtu.be/yGOvf09U4PU?t=2813)

## Closing Comment

### Juan Guillén

#### Outro
[53:15](https://youtu.be/yGOvf09U4PU?t=3195)

- Thank you for coming and making this a bit clearer! We were all interested in the technology behind it. It was clarifying. 
	- Vamsi Alluri: Thank you, everyone for joining!
	
## Credits

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