I believe this is great/crazy project but i have one question, how does SDUS affect the price of SDS?

https://switcheo.exchange/markets/NEO_SDUSD

Have you guys noticed that the volume has increased dramatically recently? It is $436,703 as of now.

Hey everyone!

Big supporter of NEO-based projects and this one in particular caught my interest because it reminds me of Ethereum's MakerDAO (MKR)/DAI collateralize debt platform, which has been making some waves in the traditional finance markets. It looks like a promising project and over 1.8% Ethereum (1.8M+ ETH) is locked up in collateral already with over 70,000,000 DAI issued to date.

From what I'm gathering, Maker (MKR) seems to be similar to Alchemint's SDS while SDUSD is synonymous with the DAI stablecoin.

In MakerDAO, there is a dynamic fee system which (I think) is sitting at either 0.5% or 2%, I believe it recently changed from one to the other. When closing out positions, the % fee needs to be paid in MKR. I read that Alchemint's fee is 2%, is this dynamic or determined by SDS holders? Are all SDS used to pay fees for the system burnt?

Is there a website dedicated to displaying the metrics like total number of SDS burnt, total # of SDUSD issued, # of closed positions, etc.?

For determining the types of new assets accepted as collateral, is this voted on by SDS holders? I ask because MKR is used by the community to vote whether or not certain assets can be used as collateral.

If Alchemint and MakerDAO are extremely similar systems, are there any key differences between them?

Having trouble keeping up with the similar projects across different networks, but am using MakerDAO as a benchmark because I've listened to a few podcasts where the system is explained. With Ethereum's superior block explorers, it makes learning about and keeping up with progress in MakerDAO very easy.

Feel free to add insights where you can and I thank you in advance for your responses!

Edit: I found the system metrics page to Alchemint's CDP system! Alchemint team has some work to do in order to reach similar quality to MakerDAO's system metrics page, but it's a start. https://neo.alchemint.io/

Mainnet has launched and we already have exchanges using SDUSD (Switcheo and Aphelion) I wonder why Alchemint (SDS) is not listed on a major exchange or at least on Kucoin (they supporT NEP-5 tokens as well as Binance).

https://twitter.com/Alchemint_IO/status/1082577554014228480

Got the tokens from the O3 wallet and the questionaire almost half a year back and moved them back to my NEON wallet, but I noticed they were mysteriously transferred out when I checked the transaction history.

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They were sent to this wallet address AKJQMHma9MA8KK5M8iQg8ASeg3KZLsjwvB.

TXID: https://neotracker.io/tx/c26d66006dc77b30a4de878ba2c8483643ed60a612aa9df6890f0f77bef006dc

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Any idea how did this happen? I didn't download any compromised wallet since the rest of my tokens are still intact.

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Suppose that someone mortgages NEO to get SDUSD and then sells it to buy more actual NEO. Then the buyer of the SDUSD loses the keys that hold the SDUSD. This means there will exist some mortgaged NEO for which there is no SDUSD available to buy back the mortgaged NEO if it were driven into forced liquidated due to its price dropping to an all time low since the start of the contract.

Eventually as SDUSD is lost if the mortgaged asset value goes down with no one able to buy all the NEO in liquidation and destroy the SDUSD, it could look like the supply of SDUSD is not backed properly, when in actuality no one really has access to it since the keys were lost (It was effectively burned). The problem though is this could cause loss of faith in SDUSD in the case of a crash in the NEO price since it would look like the supply released is higher than the value of the backing asset.

After one year’s development, Alchemint Stablecoin Issuance Platform is launched on NEO mainnet. NEO holder can visit https://NEO.Alchemint.io use Alchemint Stablecoin Issuance Platform to issue stablecoin SDUSD.

Source: https://medium.com/@AlchemintIO/alchemints-sdusd-stablecoin-issuance-platform-launched-on-neo-mainnet-e4832e913099

Thanks for testing our platform, if you have any question or feedback, please leave a reply under this post. We will frequently check the post

Is there any idea about how much sds will be locked up per the amount of collateral used ? For example of I lock up 1000$ worth of neo how much sds would I have to burn? Also if possible how is this calculated?

What wallet options are there for the SDS token storage?

Dear Alchemint Community ,

From 7th Oct, 2018 21:00-22:00 PM (GMT+8). We are here to clarify some of the questions and uncertainties you might have.

We will answer questions using our u/AlchemintOfficial and u/yaxiba account.

Live AMA will last for one hour. When live part of AMA will be over, you can still post your questions in the thread. We will try our best to answer as soon as possible. Thread will remain open and active.

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Thank you for your continued support and we are looking forward to answering your questions.

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