They’re getting serious now

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Securing a loan with collateral is not a hedge
They're not hedging the ETH price by locking ETH. They're going long on margin.
It's debt.
Debt doesn't hedge a damn thing

imagine being REQT and seeing the team is buying another projects tokens

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Seriously rekt.

They aren't buying a token you mong, they're taking out a long position by using a CDP. No idea how this helps them, but they aren't buying anything. Except a tiny bit of MKR for any fees I guess.

DAI is still a token little reqlet
so they believe in DAI more than they believe in REQ

Kinda shocked to see activity coming from Req.

If they're actively working on it, I'm considering buying back in. Lot money, but it's dropped so much, that maybe this is the bottom for Req?

>mfw Arthur buys up MKR and liquidates them

Wow 20eth that's like what the whole project is worth, they must be serious

Imagine being THIS fucking retarded

>20K eth.
>Generate 1 million of DAI
>earn 5% interest on 1 million dai

these french faggots actually know how to think long term.

you cant generate near that much DAI sorry lol

(unless like $1 off liquidation price lol)

>Gambling with ICO money
>Hedging

>makerdao dai cdp

translation: pee pee poo poo

Why the fuck dont they just sell into USD? Whats their fucking problem lol?

Rebranding, Gilded big announcement, Request Wallet, V2 protocol, Donaid launching..

It feels so good to be reqtie and i can buy 200k more every month.

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What does this mean?

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First smart thing they've done.

You're more retarded than him because I was gonna make the same joke.

It means they don't want to sell any more eth because they think eth is going to explode in price, so they're borrowing USD tokens with those eth as a collateral so they can keep working without having to sell more eth. The eth is locked until they repay the loan or the price of ETH goes too far down for it to cover the loans anymore.

Note the period. 20 eth

How much money did you faggots give these faggots? They still have 20k ETH?

Imagine if some big whale crashes the ETH price to just below their liquidation price, then immediately pumps it back up, just to fuck with Req. Just to absolutely financially ruin Req.

>eth is going to explode in price
AHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA. oh wait they're serious? AHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA WHAT RETARDS

Not everyone is an amerimutt

It blows my mind that there are people on biz who still hold REQt

Not a REQ holder. Not that stupid. And again - you obviously have 0 understanding of what a CDP is. They aren't "buying" anything - do you understand that? They're staking their Eth in a long position, and issuing DAI from that. What's unclear about this?

Because then they lose the original asset. Holy fuck, where did all you newfags come from?
>Not understanding CDPs = not making it.

REQ team went leverage long on ETH. Just sold all my ETH. They have done everything wrong thus far, what makes this different? I will wait for them to get liquidated then buy in.

All that happens is they take a penalty & the position is liquidated. Ie, they get most back, less the difference. Worse off than selling, but worth the risk that we're close enough to the bottom. So no, not "ruined", no more than they are now. And you know, they can use that DAI to buy more Eth and pump the price themselves. Or, ya know, pay back part of the CDP before it hits. This thread is just a train wreck of brainlets really.

This. Anyone still holding REQ is beyond help. Ffs, just get out, they've broken every promise the made on their roadmap.

Every dog has its day user