Collateral Call Summary - Episode #20

--- tags: Collateral Call --- # Collateral Call Summary - Episode #20 December 09th, 2020 ## Agenda - [00:00](https://www.youtube.com/watch?v=_-I-awzCoyE&t=0): Intro with Juan Guillén - [00:40](https://youtu.be/_-I-awzCoyE?t=40): Enzyme (ex Melon) with Mona El Isa - [26:01](https://youtu.be/_-I-awzCoyE?t=1561): Q&A and Discussion about Enzyme (ex Melon) ## Video <https://www.youtube.com/watch?v=_-I-awzCoyE> ## Introduction ### Juan Guillén #### Agenda and Preamble [00:00](https://www.youtube.com/watch?v=_-I-awzCoyE&t=0) - Welcome to another Collateral Onboarding Call. Today I'm joined by Mona El Isa from Melon Protocol; she'll be giving us a brief description and overview of what Melon Protocol is, what's coming in version 2, Dai in Melon... - Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23) ## Enzyme (ex Melon Protocol) - <https://melonprotocol.com/> _(for the time being)_ ### Mona El Isa #### Presentation [**00:40**](https://youtu.be/_-I-awzCoyE?t=40) _(No slides were used in this presentation)_ [**01:50** - What is Melon](https://youtu.be/_-I-awzCoyE?t=109) [**05:15** - Juan asks "When you say that you 'decentralized the protocol', what did you mean exactly?"](https://youtu.be/_-I-awzCoyE?t=315) [**07:33** - Juan asks "Can you give an example of something built on top of Melon?"](https://youtu.be/_-I-awzCoyE?t=453) [**09:09** - Mona elaborates on the shortcomings of V1 and how they were addressed in V2](https://youtu.be/_-I-awzCoyE?t=549) [**15:11** - "The first price feed integration we will provide is Chainlink. We also plan to integrate other options. We looked at the Maker price feed and it was one of our favorites"](https://youtu.be/_-I-awzCoyE?t=911) [**16:17** - "[...] With V2 we have enabled people to decide which currency they want to benchmark their performance against. We believe one of the most popular denominations will be Dai"](https://youtu.be/_-I-awzCoyE?t=977) [**19:57** - Juan asks "When you say that it could be delegated to a bot, would that be a bot that's trading on indicators like RSI or something like that?"](https://youtu.be/_-I-awzCoyE?t=1196) [**20:40** - Juan asks "How often is the data updated? Could you do some high frequency potentially or is it every couple of seconds...?"](https://youtu.be/_-I-awzCoyE?t=1240) [**33:00** - Mona talks about Rari Capitals, which will be migrating their liquidity over to the Melon Protocol](https://youtu.be/_-I-awzCoyE?t=1980) [**37:03** - "We have been in a legal battle with BNY Mellon on and off for the last couple of years. We've decided that we will rebrand the protocol](https://youtu.be/_-I-awzCoyE?t=2223) #### Discussion - [**26:01** - Frank Cruz: How do you think of DeFi and other L1s? Or do you just think "Everything in DeFi is happening in Ethereum. We're just gonna focus on this"? What's your approach there?](https://youtu.be/_-I-awzCoyE?t=1561) - [**27:48** - Frank Cruz: Can you give us a comparison of what traditionally it would cost for one of us to set up a fund through the traditional way down at Wall Street versus doing it with Melon?](https://youtu.be/_-I-awzCoyE?t=1668) - [**29:12** - Frank Cruz: I guess the administrative cost would be a little different, though, and it also depends on what part of the world you're in](https://youtu.be/_-I-awzCoyE?t=1752) - [**40:34** - Juan Guillén: Do you offer a white label solution? So, if someone would like to use you in the back, would they have to start building something on top or is it -- just add your logo, your name and you're ready to go?](https://youtu.be/_-I-awzCoyE?t=2434) - [**41:39** - Juan Guillén: How do you make money? I imagine you take a percentage](https://youtu.be/_-I-awzCoyE?t=2499) - [**45:44** - Juan Guillén: How do you manage portfolio rebalancing? Is it something that happens when there's a huge drift from the target average or does the portfolio manager need to actively rebalance?](https://youtu.be/_-I-awzCoyE?t=2744) - [**48:11** - Juan Guillén: I guess my expectation was to be a little bit more strict because of the smart contract part of things. I'm having a hard time reconciling JavaScript with smart contracts and the flexibility with "Everything's on-chain" and very reactive (?)](https://youtu.be/_-I-awzCoyE?t=2891) - [**49:42** - Prose11: Do you have a timeline goal in terms of collateralization with Maker? It seemed to me that market cap for the Melon token is probably a little small right now, but that also seems like it's pretty tied in to the growth of the protocol](https://youtu.be/_-I-awzCoyE?t=2982) ## Closing Comment ### Juan Guillén #### Outro [52:18](https://youtu.be/_-I-awzCoyE?t=3138) - Mona, where can people find you? [(52:18)](https://youtu.be/_-I-awzCoyE?t=3138). Thank you for coming. It was great having you. Next week we're going to have real-world assets coming over; Lucas from Centrifuge will be here; and there will be three projects presenting hardware trade credits (?), Peoples Company and Fortunafi ## Credits - @blimpa produced this summary. - Everyone who spoke and presented on the call, listed in the headers.