---
# System prepended metadata

title: 'Collateral Onboarding Call - Episode #39'

---

# Collateral Onboarding Call - Episode #39
March 16th, 2022

## Agenda

- [00:00](https://youtu.be/ccvPMQ4gm1A): Intro with Juan
- [01:02](https://youtu.be/ccvPMQ4gm1A?t=62): Collateral with Teddy Woodward
- [10:30](https://youtu.be/ccvPMQ4gm1A?t=630): Q&A and Discussion about Collateral X
- [28:14](https://youtube/ccvPMQ4gm1A?t=1694): Outro

## Video

<https://youtu.be/ccvPMQ4gm1A>

## Introduction

### Juan

#### Agenda and Preamble
[00:00](https://youtu.be/ccvPMQ4gm1A)

- Hi everyone. Welcome to another Collateral Onboarding Call. This is episode #39. 
- We are exploring another type of collateral to mint Dai. In this case, it is part of the D3M, which was initially launched with Aave. For those that have any questions about that, you can check the forum at forum.makerdao.com. 
- My name is Juan. I am the facilitator for the Core Unit Sustainable Ecosystem Scaling. Today we are with Teddy Woodward from Notional Finance and we also have PaperImperium which is one of the recognized delegates representing GFX Labs. 

- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## Notional Finance (D3M)

### Teddy Woodward

#### Presentation
[01:02](https://youtu.be/ccvPMQ4gm1A?t=62)

[Signal Request: Onboard Notional Finance - Forum Thread](https://forum.makerdao.com/t/signal-request-onboard-d3m-for-notional-finance/13782) 

![Lend Crypto at Fixed Rates](https://i.imgur.com/HqDXdsd.png)

![Fixed APY](https://i.imgur.com/WHUCikE.png)

![Fixed APY](https://i.imgur.com/Ay4yISR.png)


#### Questions

[10:30 - Juan: The people that are borrowing the Dai are borrowing at a fixed rate, and the premise is that they will have to return it. Is there some rolling at the maturity, or how does that work? Is it also over collateralized?](https://youtu.be/ccvPMQ4gm1A?t=630)

[11:59 - Frank Cruz: For someone who deposits Dai into Notional, what is the risk, what is their upside, and downside?](https://youtu.be/ccvPMQ4gm1A?t=719)

[14:19 - Frank Cruz: If there was a crisis where the Yearn Vaults had to be liquidated, are they in Yearn or living in Notional?](https://youtu.be/ccvPMQ4gm1A?t=859)

[15:43 - Juan: Maybe you can address the concerns, mainly around scalability and a little bit less on prioritization.](https://youtu.be/ccvPMQ4gm1A?t=943)

[18:14 - Kianga Daverington: Could you share your regulatory risk assessment for your firm and if you have had any inquiries from authorities regarding the products?](https://youtu.be/ccvPMQ4gm1A?t=1094)

[19:57 - Kianga Daverington: Have you been advised by council? Do you view the current assessment of your firm and product in terms of the regulatory landscape and licenses that you may or may not be required?](https://youtu.be/ccvPMQ4gm1A?t=1197)

[22:29 - Tim: Why D3M and why not the Term Lending Module?](https://youtu.be/ccvPMQ4gm1A?t=1349)

[25:07 - Nadia: If we integrate D3M in Compound, will it be almost the same as if we integrated with you? What will be the difference?](https://youtu.be/ccvPMQ4gm1A?t=1507)

[27:46 - Juan: Where can people reach out if they have any questions or any more comments or next steps call to action?](https://youtu.be/ccvPMQ4gm1A?t=1666)

## Closing Comment

### Juan

#### Outro
[28:14](https://youtu.be/ccvPMQ4gm1A?t=1694)

- For everyone watching this later, the signal request might still be on. Thanks for joining. 

## Credits

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