Making Maker — March 16 Review

MakerDAO
2 min readMar 16, 2018

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News and Updates from MakerDAO

Maker is thrilled with the progress leading up to our game-changing launch of multiple collateral types. As we build our way to multi-collateral Dai, our hard-working teams will continue to execute on weekly initiatives. Check out some of Maker’s highlights from this past week:

  • The Dai Dashboard was just listed as a featured dapp on Toshi, Coinbase’s browser for the Ethereum network
  • Dai has launched as a quote currency on ERC Dex. This means Dai is now paired with all 37 utility tokens offered on the platform
  • Maker has partnered with Shark Relay — a relayer using the Øx Protocol to facilitate a friendly UX to find, sell, and buy tokens. We are working together to enable more users a friendly, streamlined CDP creation process on the relayer platform.
  • Rune joined Kevin Rose on his Block Zero podcast, explaining and answering questions about Maker & Dai. Definitely worth a listen!

Behind the new partnerships and press, our Dev teams continue to make progress. This past week the teams reached the following goalposts:

Dev Updates

Feeds

  • Trail of Bits audit starting. This week will focus on current price-feed and medianizer contracts and the setzer software.
  • Added more oracles for the next version of feeds (terra software)
  • Oracle Security Module ready for audit

API

Keepers and Liquidity

We spent last week preparing our setup to be able to market make on a much more significant number of pairs. This included some architecture overhaul, as well as:

  • Building a trade database.
  • Building a set of connectors to populate the trade database with our own and also all market trades from a few exchanges. Building a tiny Bittrex interface needed for it.
  • Extending the GLME model with the ability to pull data from two new exchanges.
  • Allowing distinct buy and sell prices to be used for market making.

Integrations

  • The JavaScript library is finished and has now implemented most Proof of Concept functionality
  • In the coming sprint, we’ll create the documentation including the API docs and a couple of “recipes” for common scenarios

FAQ

  • Created matrix of top 50+ most asked questions

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