---
tags: Collateral Call
---

# Collateral Call Summary - Episode #14
October 28th, 2020

## Agenda

- [00:00](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=0): Intro with Juan Guillén
- [00:58](https://youtu.be/yBtLGDdtpUU?t=58): CRV with Michael Egorov, Angel and Julien Bouteloup

## Video

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

## Introduction

### Juan Guillén

#### Agenda and Preamble
[00:00](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=0)

- Welcome everyone to another Collateral Onboarding Call. We're with the team of Curve Finance that's going to explain how the project works and how it relates to Maker, and the CRV token as collateral, its impact and whatnot.
- Ideally we'll have a relaxed conversation, so if you have any questions you don't need to wait until the end: we can interrupt and make sure that everything's understood.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## CRV

- [[CRV] MIP6 Collateral Onboarding Application](https://forum.makerdao.com/t/crv-mip6-collateral-onboarding-application/4535)

### Michael Egorov, Angel and Julien Bouteloup

#### Presentation
[00:58](https://youtu.be/yBtLGDdtpUU?t=58)


[Michael Egorov: "We have multiple pools with multiple coins. Let me explain about pool liquidity provider tokens and then about the Curve DAO token (CRV)"](https://youtu.be/yBtLGDdtpUU?t=163)


[Michael Egorov: "Let's go to the Curve token, CRV. CRV is a governance token that allows to participate in the DAO"](https://youtu.be/yBtLGDdtpUU?t=357)


[Michael Egorov: "[When you deposit either stablecoin or one of the BTC wraps and then you have a representation of that pool] you can redeem it into any of the three"](https://youtu.be/yBtLGDdtpUU?t=693)

#### Discussion

- [16:10 - Juan Guillén: When you redeem, are the defaults that you get based on how much you put or on the state of the pool at that given moment?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=970)
- [17:49 - Andrew Burban: Will you be able to use the pools as collateral for vaults?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1069)
- [18:27 - Juan Guillén: Right now the proposed token is the CRV token, but I guess the pools could be proposed as well](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1107)
- [19:20 - Akash: Regarding the distribution of CRV — it seems to be a pretty large amount. From a token mechanics perspective...](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1160)
- [20:22 - Akash: Does the CRV token eventually earn some of the fees?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1222)
- [23:03 - Akash: What's the most liquid place in terms of a pool for the actual CRV token? Are there incentives to provide liquidity for that pool?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1383)
- [26:54 - Juan Guillén: Would having leverage on either CRV or one the liquidity pools help you with whatever you're building towards the future...?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1613)
- [29:14 - Juan Guillén: I want to show you something. Not long ago we released a Collateral Framework](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1754)
- [31:58 - Juan Guillén: What are you working on right now? What are your next steps?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=1918)
- [34:35 - Juan Guillén: How is swapping BTC for ETH going to work if it's not in the same pool? Is it similar to Uni?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=2075)
- [36:13 - Juan Guillén: Going back to the pool, how are the pools kept in a balance? Or is there no balance? Do you rebalance the pool or is it more like you just let people deposit and...?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=2173)
- [38:11 - Akash: What's the best way to figure out the price impact?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=2291)
- [39:35 - Akash: What kind of data analytics platform would you recomend in terms of getting things like 24-hour volume...?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=2375)
- [44:54 - Juan Guillén: We had the guys from EURStasis presenting their currency not long ago...](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=2694)
- [46:17 - Juan Guillén: How many euros are out there?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=2777)
- [01:02:26 - Juan Guillén: Let's say one of the liquidity pools is accepted as collateral. Why would I use this token instead of using ETH?](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=3746)

## Closing Comment

### Juan Guillén

#### Outro
[01:06:41](https://www.youtube.com/watch?v=yBtLGDdtpUU&t=4001)

- Thank you very much. We'll keep in touch.

## Credits

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