1/ Launching the @compoundfinance MCD Migration bridge. Compound cSAI holders & SAI borrowers can use our tool to seamlessly move to a new DAI position, with just one click.
1/ Persistently low SAI balance preventing bigger CDPs from migrating. We allows for easy partial migration using available SAI.
✅ 4 CDPs (+100k debt) migrated 100%
✅ 5 CDPs sequentially moving.
✅ #111790 (3.6M debt), started moving the needle.
https://t.co/PgcLST0xgM
I love #DeFi
How cool is it to watch thousands of $ moving seamlessly between Maker SCD & MCD. I was closely keeping an eye on one of the big CDP #13995 as they moved +380k Sai Debt to Vault #633 bit by bit in 11 txns in 12 hours.
https://t.co/zVMAIBiolJ
1/ Launching the most comprehensive, yet user-friendly *DAI Migration tool*. Wherever your original SAI position might be, this tool will help you easily migrate to a new DAI position of your choice, with just one click 👇
https://t.co/PgcLST0xgM
Releasing the details for the easiest and most advanced way to Multi-Collateral $DAI Migration, especially for 🤖Compound users and 🐳Whale CDP owners.
https://t.co/ONENXtZWzX
Wow. Impressive to see @MakerDAO CDPs go from ~850 created per month to over 25,000 in July after the @coinbase Earn launch.
Even small incentives can have a big impact for new user onboarding and education. Bullish on #DeFi 🚀
From @MakerScan
Was checking @makerscan and saw that MORE THAN 10 TIMES more CDPs were opened this month so far (9316) than in June (858)📈 Looks like the Coinbase Earn pump may be a thing. Will it continue into Aug tho?🤷♂️
ETH crashing. +120 CDPs liquidated. If you haven't yet, you should:
💸 Import your CDP to https://t.co/R0OMkpiik1
🌉 Move to Compound via bridge: https://t.co/rG9aiM0rd4
✅ low interest (15.2%)
✅ low liquidation rate (75%)
✅ low penalty (5%)
Save your debt positions.
It's been 3 hours since we released Bridge b/w @MakerDAO & @compoundfinance and already 1015 $ETH and 162564 $DAI has crossed the bridge.
This is awesome 🤯
Launching the Decentralized Bridge between @MakerDAO & @CompoundFinance - easily switch your debt position b/w protocols with best rates in just one click.
InstaDApp Bridge in action. @MakerDAO CDP holders moving their debt positions to @compoundfinance.
+ pay less borrowing rates on DAI.
+ earn tiny interest on ETH locked.
+ borrow up to 75% of collateral value.
https://t.co/rG9aiM0rd4