---
# System prepended metadata

title: 'Focus On Call - Episode #10'

---

# Focus On Call - Episode #10
April 20th, 2022

## Agenda

- [00:00](https://youtu.be/ThYFPDsDbp8): Intro with Christian Petersen.
- [00:44](https://youtu.be/ThYFPDsDbp8?t=44): Discussion and Questions with Christian Petersen and Eric Rapp.
- [57:24](https://youtu.be/ThYFPDsDbp8?t=3444): Outro

## Video

<https://youtu.be/ThYFPDsDbp8>

## Introduction

### Christian Petersen

#### Agenda and Preamble
[00:00](https://youtu.be/ThYFPDsDbp8)

- Good afternoon. Thanks for taking the time to speak with us. I am Christian Petersen, @christiancdpetersen on the forum. I am with with Eric Rapp, who is @Eumenes on the forum. We are here to discuss the differences between TradFi and the MIP6 process with Maker.
- For other episodes of FO, please [check the forum](https://forum.makerdao.com/search?q=focus%20on).

## Discussion

### Christian Petersen and Eric Rapp

[00:44](https://youtu.be/ThYFPDsDbp8?t=44)

![TradFi versus MIP6](https://i.imgur.com/DKr7jms.png)

![Outline](https://i.imgur.com/UKSjzZI.png)

![MIP6 Assessment - Facts](https://i.imgur.com/ta2FUw7.png)

![MIP6 Role of Assessor & Legal](https://i.imgur.com/SSyFjwd.png)

![MIP6 Role of Assesor](https://i.imgur.com/eL5mFGW.png)

![Role of RWF and LTS](https://i.imgur.com/1qVhfdX.png)

![TradFi: Doing a Structured Finance Transaction](https://i.imgur.com/9Rkkz3W.png)

![Lender and Borrower Priorities](https://i.imgur.com/QoXVKaw.png)

![Borrower Seeks Financing](https://i.imgur.com/NvaDbyi.png)

![Borrower Prepares & Proposes](https://i.imgur.com/n0rf436.png)

![Initial Engagement](https://i.imgur.com/y8A6Pzg.png)

![Term Sheet Stage](https://i.imgur.com/kJBecoI.png)

![Post Term Sheet to Closing](https://i.imgur.com/Of65XhP.png)

![Many, Many Key Terms in Transactions, Including](https://i.imgur.com/VutsKhO.png)

![Off Market Transaction Examples](https://i.imgur.com/QPBimjF.png)

![TradFi vs. DeFi Onboarding Process](https://i.imgur.com/gk7ooX3.png)

![Self-Contained MIPxx with "Prioritization"](https://i.imgur.com/r1yPRdd.png)


## Questions 

[47:07 - Retro: How many of the challenges that you described are addressed or it is not addressed in the current version of MIP67 ?](https://youtu.be/ThYFPDsDbp8?t=2827)

[50:24 - Eli Cohen: Can you provide any information about the current prioritization list? Which MIPs are in what order?](https://youtu.be/ThYFPDsDbp8?t=3024)

[52:36 - David Krett: What is the motivation for using Maker as a funding source?](https://youtu.be/ThYFPDsDbp8?t=3156)


## Closing Comment

### Retro

#### Outro
[57:24](https://youtu.be/ThYFPDsDbp8?t=3444)

- I want to thank Christian Petersen and Eric Rapp for all the good content today. Thank you, everyone, for joining. We will see you in the forums. 

## Credits

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