---
tags: Collateral Call
---

# Collateral Call Summary - Episode #07
September 9th, 2020

## Agenda

- [00:00](): Intro with Juan Guillén
- [02:10](https://youtu.be/Vbnn5UaAhUg?t=130): TrustTokens with Rafael Cosman
- [09:25](https://youtu.be/Vbnn5UaAhUg?t=565): Q&A and Discussion about TrustTokens
- [25:10](https://youtu.be/Vbnn5UaAhUg?t=1510): Mooniswap with Jessica Salomon and Sergej
- [34:15]((https://youtu.be/Vbnn5UaAhUg?t=2055)): Q&A and Discussion about Mooniswap

## Video

<https://youtu.be/Vbnn5UaAhUg>

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](https://youtu.be/Vbnn5UaAhUg)

- As requested by the Community and because of all the interesting projects presented, Collateral Calls will be split into two streams of calls:
- Standard Collateral Types
- Real World Assets
- To launch RWA we will have Matthew Rabinowitz from 6s Capital coming back, and Lucas from Centrifuge. Both projects have made considerable efforts to engage with the Governance process to move forward. Last call was not enough to cover all the questions that the Community members have. This will happen on Wednesday September 16th, 5pm UTC.
- To continue with the Standard Collateral Types, we will have Stani from Aave discussing their token and Tyler Winklevoss from Gemini discussing GUSD. This will take place on September 23rd, 5pm UTC.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## TrustTokens

- [[TAUD] MIP6 Collateral Onboarding Application](https://forum.makerdao.com/t/taud-mip6-collateral-onboarding-application/3288)
- [[TCAD] MIP6 Collateral Onboarding Application](https://forum.makerdao.com/t/tcad-mip6-collateral-onboarding-application/3287)
- [[TGBP] MIP6 Collateral Onboarding Application](https://forum.makerdao.com/t/tgbp-mip6-collateral-onboarding-application/3240)

### Rafael Cosman

#### Presentation
[02:10](https://youtu.be/Vbnn5UaAhUg?t=130)









#### Discussion

- [09:25 - Planet X: Is the real time TrustExplorer available for other currencies?](https://youtu.be/Vbnn5UaAhUg?t=565)
- [10:20 - Akash: I want to know the full circle, if a market maker wins an auction of one of your True products, how do they get it back to Dai? How long is that going to take? ](https://youtu.be/Vbnn5UaAhUg?t=620)
- [12:10 - Akash: You are expecting a market maker to have FX broker accounts and have banking systems with all these different currencies, right? What is the settlement process to eventually turn it back into USDC where they could mint more Dai, for example?](https://youtu.be/Vbnn5UaAhUg?t=730)
- [16:25 - Akash?: Is your banking account on Signature or Silvergate so that you can do fast transfers?](https://youtu.be/Vbnn5UaAhUg?t=985)
- [17:30 - Juan Guillén: Do you have banks in, I guess, Europe, Australia and Canada, so that the wire transfers are local or is it like a combination where you have funds from across the world?](https://youtu.be/Vbnn5UaAhUg?t=1050)
- [18:35 - Akash: Does Silvergate has Australian dollar for these fast transfers or not?](https://youtu.be/Vbnn5UaAhUg?t=1115)
- [18:55 - Akash: What are the best and fastest options for the other currencies in terms of creation, reductions or mints and burns?](https://youtu.be/Vbnn5UaAhUg?t=1135)
- [20:20 - Will Remor: What are the next currencies to be onboarded?](https://youtu.be/Vbnn5UaAhUg?t=1220)
- [21:20 - Rafael Cosman: Alex, do you want to touch briefly on TrueGold?](https://youtu.be/Vbnn5UaAhUg?t=1280)
- [22:15 - Matthew: What about negative interest rates?](https://youtu.be/Vbnn5UaAhUg?t=1335)
- [23:40 - Primoz: If you had TrueEuro, you could put it into Maker and potentially have a high interest Euro which would be a good deal, right?](https://youtu.be/Vbnn5UaAhUg?t=1420)

#### Links

- [Trust Explorer - TUSD real-time backed chart](https://real-time-attest.trustexplorer.io/token/TrueUSD)
- Rafael's email address: [e-mail]
- Alex de Lorraine's email address: [e-mail]

## Mooniswap

- [Mooniswap Liquidity Pool Token (ETH-USDC) Collateral Application](https://forum.makerdao.com/t/mooniswap-liquidity-pool-token-eth-usdc-collateral-application/3724)

### Jessica Salomon and Sergej

#### Presentation
[25:10](https://youtu.be/Vbnn5UaAhUg?t=1510)


#### Discussion

- [34:15 - Akash: What is the asset value of these Mooniswap liquidity tokens? What are the maximum stability fees and would it make sense to mint Dai? Do you have a Dai pool?](https://youtu.be/Vbnn5UaAhUg?t=2055)
- [36:10 - Akash: What is the total size of the assets in these pools? And, what's the expectation of leverage you are going to introduce in the system?](https://youtu.be/Vbnn5UaAhUg?t=2170)
- [41:10 - Akash: Does Mooniswap has a token itself?](https://youtu.be/Vbnn5UaAhUg?t=2470)
- [42:55 - Nik Kunkel: In terms of stability fees, for Mooniswap and the other liquidity token pools as well, what would be the best way to price them and what is the best way to look at the stability fees and collateralization requirements?](https://youtu.be/Vbnn5UaAhUg?t=2575)
- [44:35 - Nik Kunkel: Can we discuss about the average risk profile of a user who would put LP tokens into a Vault?](https://youtu.be/Vbnn5UaAhUg?t=2675)
- [49:00 - Christopher Mooney: Do we expect that users would just use it to lever up on the liquidity pool tokens therefore selling the Dai on the market and hopefully bringing the peg back into balance? Would it be more the case for this rather than other collateral types that we currently have?](https://youtu.be/Vbnn5UaAhUg?t=2940)

#### Links

- [1inch Presentation](https://www.canva.com/design/DAEHUeLyMeY/BC6RghMgaJ1oi_S6xXtnlg/view#1)
- [Mooniswap Info Dashboard](https://mooniswap.info/pair/0x5b1fc2435b1f7c16c206e7968c0e8524ec29b786)

## Closing Comments

### Juan Guillén

#### Outro
[53:30](https://youtu.be/Vbnn5UaAhUg?t=3210)

- Thanks again to Rafael, Alex, Sergej and Jess for presenting and everyone else for participating! Let's keep the conversation going in the Forum.
- If you have any ideas on how to improve these calls, please let me know.
- If you want to present a project, please let us know in the Forum thread.

## Credits

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