---
# System prepended metadata

title: 'Collateral Call Summary - Episode #11'
tags: [Collateral Call]

---

---
tags: Collateral Call
---

# Collateral Call Summary - Episode #11
October 15th, 2020

## Agenda

- [00:00](https://www.youtube.com/watch?v=cPHZU1ywhi8): Intro with Juan Guillén
- [01:10](https://youtu.be/cPHZU1ywhi8?t=70): REN with Long
- [11:12](https://youtu.be/cPHZU1ywhi8?t=672): Q&A and Discussion about REN
- [28:46](https://youtu.be/cPHZU1ywhi8?t=1723): Uniswap with Hayden Adams
- [29:20](https://youtu.be/cPHZU1ywhi8?t=1760): Q&A and Discussion about Uniswap

## Video

<https://www.youtube.com/watch?v=cPHZU1ywhi8>

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](https://www.youtube.com/watch?v=cPHZU1ywhi8)

- Hello everyone! Welcome again to another Collateral Onboarding call from MakerDAO.
- We have two projects today: REN presented by Long and Uniswap presented by Hayden. 
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## REN

- [[REN] - MIP6 Collateral Application](https://forum.makerdao.com/t/ren-mip6-collateral-application/3233)
- [[renBTC] MIP6 Collateral Application](https://forum.makerdao.com/t/renbtc-mip6-collateral-application/2971)
- [[renBCH] MIP6 Collateral Application](https://forum.makerdao.com/t/renbch-mip6-collateral-application/3762)
- [[renZEC] MIP6 Collateral Application](https://forum.makerdao.com/t/renzec-mip6-collateral-application/3581)

### Loong

#### Presentation
[01:10](https://youtu.be/cPHZU1ywhi8?t=70)
![Loong Photo](https://i.imgur.com/9DVJjez.png)

#### Discussion

- [11:12 - SamM: What do you see as the upper bounds on the renBTC supply? If, say, 10% of Bitcoin wants to go to Ethereum, what's going to be the bottleneck of that?](https://youtu.be/cPHZU1ywhi8?t=672)
- [13:10 - SamM: Would you say that the REN lock has to be comparable to the amount of Bitcoin moving through in terms of market cap?](https://youtu.be/cPHZU1ywhi8?t=789)
- [14:42 - Juan: Can you briefly touch on how to contribute to the network and how to participate with the node?](https://youtu.be/cPHZU1ywhi8?t=881)
- [16:55 - Frank Cruz: Can you explain to the Maker Community what was your thinking behind being a custodian right now, not completely decentralized? Also, what do you think is the outlook of Bitcoin on DeFi? Not just on Ethereum but also on other Layer 1 and possibly even on Layer 2](https://youtu.be/cPHZU1ywhi8?t=1014)
- [22:23 - Christopher Mooney: I'm trying to recall at which phase the Greycore melts away and RenVM is collateralized by REN. Let's say, the bounded REN outweighing the amount of assets under custody that you have on RenVM.](https://youtu.be/cPHZU1ywhi8?t=1343)
- [24:06 - Christopher Mooney: I think we would like to start custody on renBTC to diversify our BTC exposure, but since you are going to get more assets under custody that you have to pull under custody and without the right economic incentives to balance that, I'm worried that we stick you in the phase that you're stuck in right now and it makes it harder for you to move to the Greycore?](https://youtu.be/cPHZU1ywhi8?t=1446)
- [26:50 - Christopher Mooney: Have you guys considered possibly ensuring the BTC that you have under custody to mitigate some of the concerns around risk?](https://youtu.be/cPHZU1ywhi8?t=1608)

## Uniswap

- [Name of Thread - Forum Thread]() (**too many UNIs!**) 
- [[UNI] MIP6 Collateral Onboarding Application 1](https://forum.makerdao.com/t/uni-mip6-collateral-onboarding-application/4433)
- [[UNI-V2-USDT-ETH] - Dai Collateral Onboarding Application](https://forum.makerdao.com/t/uni-v2-usdt-eth-dai-collateral-onboarding-application/4280)
- [[UNI-V2-WBTC-ETH] - Dai Collateral Onboarding Application](https://forum.makerdao.com/t/uni-v2-wbtc-eth-dai-collateral-onboarding-application/4279)
- [[UNI-V2-USDC-ETH] Uniswap V2 USDC-ETH Liquidity Token Collateral Application](https://forum.makerdao.com/t/uni-v2-usdc-eth-uniswap-v2-usdc-eth-liquidity-token-collateral-application/3481)
- [[UNI-V1-DAI] Uniswap Dai Liquidity Token Collateral Application](https://forum.makerdao.com/t/uni-v1-dai-uniswap-dai-liquidity-token-collateral-application/1966)
- [[UNI-V2-DAI-ETH] Uniswap V2 Dai-Eth Liquidity Token Collateral Application 1](https://forum.makerdao.com/t/uni-v2-dai-eth-uniswap-v2-dai-eth-liquidity-token-collateral-application/3480)

### Hayden Adams

#### Presentation
[28:46](https://youtu.be/cPHZU1ywhi8?t=1726)

![Hayden Photo](https://i.imgur.com/oAFjsNS.png)



#### Discussion

- [29:25 - Juan Guillén: I was wondering how you guys choose the pools you give rewards to when encouraging the liquidity mining](https://youtu.be/cPHZU1ywhi8?t=1765)
- [34:49 - Juan Guillén: Is Governance responsible for the V3 as well or just the V2? What does the transition look like?](https://youtu.be/cPHZU1ywhi8?t=2089)
- [36:08 - Frank Cruz: Are you guys going to do things like the Maker Foundation does? Are you going to decentralize by having different teams? Is it something you are going to build?](https://youtu.be/cPHZU1ywhi8?t=2168)
- [39:11 - SamM: Is there any sense of which liquidity tokens they are planning on extending the rewards for or even if they are planning to extend the rewards?](https://youtu.be/cPHZU1ywhi8?t=2350)

## Closing Comment

### Juan Guillén

#### Outro
[42:16](https://youtu.be/cPHZU1ywhi8?t=2533)

- Thanks again for joining us. It was really good having you! 
- Next Wednesday we will have the team from Crypto.com presenting their own collateral type and EURStasis they want to speak about a new ramp.


## Credits

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