KarmaCoverage 4,033 Posted November 8 Share Posted November 8 I've been communicating with the team, things are still very early on. Not my video. CountZerpula, Tako, namini and 4 others 5 2 Link to post Share on other sites
pucksterpete 1,627 Posted November 8 Share Posted November 8 hmmmm Pablo 1 Link to post Share on other sites
KarmaCoverage 4,033 Posted November 8 Author Share Posted November 8 (edited) My interest started around the "Insurance" & "Loans" service offerings. But has grown since then. Not sure if I just have to come to terms with the fact that if you consider Crypto assets a foundational accounting ledger layer, then you should be able to build derivative financial products on top of the ledger. My concern & focus is on 1. Where does the leverage come from 2. How much excess funds (120% collateralized) can be minimized to reduce Capital Inefficiency. Re Insurance, the bar is set pretty low, 50-60% efficiency. 100% efficiency is the ideal, no wasted value. Edited November 8 by KarmaCoverage Link to post Share on other sites
Pablo 4,919 Posted November 8 Share Posted November 8 34 minutes ago, pucksterpete said: hmmmm Yup. This is a massively complex financial platform so not sure who the presentation is aimed at. @KarmaCoverage - do you know any more about them? Which jurisdiction are they based in? Are they coders or do they have solid banking/finance expertise? The presentation brought back memories of keygen splash pages from the 90's (which I only know about from an educational research perspective). Admittedly, these guys were gun coders and hackers: pucksterpete 1 Link to post Share on other sites
CountZerpula 22,518 Posted November 8 Share Posted November 8 39 minutes ago, Pablo said: The presentation brought back memories of keygen splash pages from the 90's (which I only know about from an educational research perspective). Admittedly, these guys were gun coders and hackers: Just so everybody is clear, the video wasn't made by Flare Finance - rather by the same person that made this one about Flare and the Spark ($FLR) distribution: Cesar1810, KarmaCoverage and Pablo 2 1 Link to post Share on other sites
KarmaCoverage 4,033 Posted November 8 Author Share Posted November 8 (edited) 3 hours ago, Pablo said: do you know any more about them? Which jurisdiction are they based in? Are they coders or do they have solid banking/finance expertise? I think they are mostly US and more on the Software Engineer side than the Financial Engineer side. My interest stems from Flare's excllent economic argument that, having Network/Ledger security tied to a Token Value "does not scale for value". I hadn't thought of that concept before, but it is a sound thought. My core concern about some of the financial services "systems & methods" which have become popular in the DeFi space is a concern rooted in monetary systemic infrastructure design. I'm not done mentally mapping the parallels between these "new" (old recreated) Crypto based systems, and Fiat based systems with each other. Both set of monetary systems need their methods of creating elasticity and methods of enforcing a rigid currency supply. From there I'm thinking about how these two different monetary infrastructures coexist (because that is going to happen), and where/how each architecture's elasticity impacts the other's rigidity.. and inverse, how each monetary infrastructure's elasticity would improve or provide cushion to the other's rigid weaknesses in times of stress. Edited November 8 by KarmaCoverage Cesar1810 1 Link to post Share on other sites
kenrino 769 Posted November 11 Share Posted November 11 I have to admit I didn't look too much into it, but let's say I have XRP on an exchange that participate in the Flare aidrop, how this affect participation in the Flare Finance airdrop? Link to post Share on other sites
stickynoodle69 0 Posted November 12 Share Posted November 12 We have 6 months to claim Spark tokens? So what is stopping us from using the same XRP to claim more Spark tokens? Link to post Share on other sites
Flintstone 6,075 Posted November 12 Share Posted November 12 4 hours ago, stickynoodle69 said: We have 6 months to claim Spark tokens? So what is stopping us from using the same XRP to claim more Spark tokens? The snapshot of Flare enabled XRP addresses next month stipulates what you can claim. stickynoodle69 1 Link to post Share on other sites
KarmaCoverage 4,033 Posted November 12 Author Share Posted November 12 20 hours ago, kenrino said: I have to admit I didn't look too much into it, but let's say I have XRP on an exchange that participate in the Flare aidrop, how this affect participation in the Flare Finance airdrop? This is from the FF Discord, "Flare Network is taking their snapshot of the XRP Ledger on December 12th. You will receive your Spark Tokens (FLR) sometime after that. Exactly one month after you receive those Spark tokens, we will be taking a snapshot of the Flare Ledger and distributing DFLR." Flintstone and Sharkey 2 Link to post Share on other sites
smithers 35 Posted November 12 Share Posted November 12 Is there a specific time, when the snapshot takes place? 19.30? 00.00? Link to post Share on other sites
KarmaCoverage 4,033 Posted November 13 Author Share Posted November 13 On 11/12/2020 at 8:40 AM, smithers said: Is there a specific time, when the snapshot takes place? 19.30? 00.00? 00:00 GMT Link to post Share on other sites
Sharkey 902 Posted November 14 Share Posted November 14 On 11/12/2020 at 7:58 AM, KarmaCoverage said: This is from the FF Discord, "Flare Network is taking their snapshot of the XRP Ledger on December 12th. You will receive your Spark Tokens (FLR) sometime after that. Exactly one month after you receive those Spark tokens, we will be taking a snapshot of the Flare Ledger and distributing DFLR." This is great, thanks! Do you have a link for more info about the DFLR? Appreciated! Link to post Share on other sites
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