Dev Meeting Transcript (August 20, 2021)

[4:01 PM] Tron: ——————————————————–

[4:01 PM] Tron: Hello everyone.

[4:02 PM] Someone_2: :wave:

[4:06 PM] Tron: Update on the signing key. Done. We have one for the Ravencoin Foundation.

[4:20 PM] Tron: It is quiet in here today.

[4:21 PM] Tron: If you're building for Ravencoin and you've got a website and want it monitored on https://status.ravencoin.foundation/ let me know. I can also add your e-mail so you get a notification if it is down or unreachable.

[4:34 PM] theking: Wow. Super quiet in here.

[4:34 PM] Tron: There are two stablecoin proposals on the table.

[4:35 PM] Tron: The first is the OpenDAO. This takes RVN and turns it into pRVN, and then creates a stablecoin on BSC (USDO). Cost is $25K for incentivization for liquidity.

[4:36 PM] Tron:

Attachment file type: acrobat

USDO_Partnership_Pack_AUG.pdf

469.51 KB

[4:36 PM] theking: Is the other proposal the Stably? Or a different one?

[4:38 PM] Tron: The second is Stably. It would mint an on-chain asset stablecoin. This would benefit https://raventrader.net/ because of the on-Ravencoin-chain nature of the stablecoin.

Raven-Trader | Ravencoin P2P Exchange

Raven-Trader and the companion desktop application allow you to safely and seamlessly make trades with other members on the ravencoin network.

[4:38 PM] parole895: What's the cost for the Stably option?

[4:39 PM] theking: Is there one of the proposals that you lean towards and/or one of them you think would be better for the RVN ecosystem?

[4:41 PM] Tron: I think both would be beneficial. If I had to choose 1, it would be stably because it is on-chain.

[4:42 PM] Tron:

Attachment file type: acrobat

Ravencoin_Proposal_Stably_-_Stablecoin.pdf

1.49 MB

[4:42 PM] Tron: The Stably proposal is $125K

[4:42 PM] Tron: These are two different types of stablecoins and they don't conflict with each other at all. Both would be great to have.

[4:44 PM] Tron: USDO (OpenDAO) would let you borrow against RVN and my understanding is that for the US is a non-taxable event.

[4:45 PM] Tron: The Stably is a 1:1 reserve token that is on-chain, and could be used for atomic swaps on raventrader.net so there isn't price fluctuation for the "asks"

[4:46 PM] Tron: I would be willing to contribute to either project (personally).

[5:05 PM] Tron: If you're reading this later….

[5:05 PM] Tron: Put a thumbs-up or thumbs-down under each of these for whether you'd be willing to pitch-in.

[5:06 PM] Tron: USDO (OpenDAO) RVN to pRVN to USDO

[5:06 PM] Tron: Stably (USDS) stored at PrimeTrust and tokenized on the Ravencoin chain.

[5:10 PM] kralverde 🇺🇸: Is there a minimum amount to pitch in?

[5:23 PM] Tron: No minimum. We just need to reach the goal if we're going to do it. We might want to run it like a kickstarter if we can have a way to return funds if we don't reach the goal. Only a problem if people contribute by sending from a centralized site like Binance.

[5:24 PM] kralverde 🇺🇸: I think a kickstarter-esque route would be the way to go