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The Oakdale Affair by Edgar Rice Burroughs, is part of the HackerNoon Books Series. Read this book online for free on HackerNoon! : The Oakdale Affair Title : Edgar Rice Burroughs Author : July 11, 2008 [EBook #363] Most recently updated: January 27, 2021 Release date : English Language Table of Links Chapter One About HackerNoon Book Series: We bring you the most important technical, scientific, and insightful public domain books. This book is part of the public domain. Edgar Rice Burroughs (2008). The Oakdale Affair. Urbana, Illinois: Project Gutenberg. Retrieved October 2022 https://www.gutenberg.org/cache/epub/363/pg363-images.html This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org , located at https://www.gutenberg.org/policy/license.html .

The Oakdale Affair by Edgar Rice Burroughs - Table of Links

Chateau is pleased to announce our pre-seed financing round led by Hack VC and other angels! What is Chateau? Chateau is a DeFi protocol that brings Wall Street’s private equity and funds investments on-chain. DeFi investors are able to access thousands of private investment opportunities via composable tokens using Chateau. Chateau’s team consists of crypto-native engineers, builders, and seasoned Wall Street veterans spread across Europe, North America and Asia. We believe DeFi can outscale and replace legacy financial systems, but DeFi products need to improve to the point they are 10x better than incumbents for meaningful adoption to occur. Chateau unlocks previously inaccessible investment opportunities for non-US investors. Learning from mistakes from past security token projects, Chateau’s approach is unique in minimizing onboarding and regulatory burdens for issuers, while simultaneously maximizing composability and usability for DeFi native investors. Get Involved Chateau has launched an incentive program for early adopters. Early investors of Chateau’s equity and debt tokens will receive up to 5% of tokens during the token generation event. Today, Chateau allows non-US investors access to a tokenized private credit fund managed by an experienced Wall Street team, as well as over a thousand tokenized private equities such as OpenAI, SpaceX, Anthropic, Byte Dance and Zipline. Chateau is expanding the products investors are able to access on its platform, with plans to launch more equities and funds in the coming months. For more details, email us at contact@chateau.capital. If our mission resonates with you, we’re always looking for talented folks to join our founding team. Reach out at contact@chateau.capital Thank you again to our investors, Alex Pack and Hack VC. Their hands-on help has been invaluable, and we look forward to partnering with them for the long-term. Original tweet and blog post by Hack VC:
https://blog.hack.vc/investing-in-chateau-bringing-composable-private-equities-and-funds-on-chain/ https://x.com/hack_vc/status/1819102732525191667?embedable=true Disclaimer: The information herein is for general information purposes only and does not, and is not intended to, constitute investment advice and should not be used in the evaluation of any investment decision. Such information should not be relied upon for accounting, legal, tax, business, investment or other relevant advice. You should consult your own advisers, including your own counsel, for accounting, legal, tax, business, investment or other relevant advice, including with respect to anything discussed herein.
This post reflects the current opinions of the author and is not made on behalf of Hack VC or Chateau Capital Corp. its affiliates, including any funds managed by Hack VC and does not necessarily reflect the opinions of Hack VC or Chateau Capital Corp. its affiliates, including its general partner affiliates, or any other individuals associated with Hack VC or Chateau Capital Corp. Chateau is pleased to announce our pre-seed financing round led by Hack VC and other angels! Chateau is pleased to announce our pre-seed financing round led by Hack VC and other angels! Chateau Chateau Hack VC Hack VC What is Chateau? Chateau is a DeFi protocol that brings Wall Street’s private equity and funds investments on-chain. DeFi investors are able to access thousands of private investment opportunities via composable tokens using Chateau. Chateau’s team consists of crypto-native engineers, builders, and seasoned Wall Street veterans spread across Europe, North America and Asia. We believe DeFi can outscale and replace legacy financial systems, but DeFi products need to improve to the point they are 10x better than incumbents for meaningful adoption to occur. Chateau unlocks previously inaccessible investment opportunities for non-US investors. Learning from mistakes from past security token projects, Chateau’s approach is unique in minimizing onboarding and regulatory burdens for issuers, while simultaneously maximizing composability and usability for DeFi native investors. Get Involved Chateau has launched an incentive program for early adopters. Early investors of Chateau’s equity and debt tokens will receive up to 5% of tokens during the token generation event. Today, Chateau allows non-US investors access to a tokenized private credit fund managed by an experienced Wall Street team, as well as over a thousand tokenized private equities such as OpenAI, SpaceX, Anthropic, Byte Dance and Zipline. Chateau is expanding the products investors are able to access on its platform, with plans to launch more equities and funds in the coming months. For more details, email us at contact@chateau.capital. If our mission resonates with you, we’re always looking for talented folks to join our founding team. Reach out at contact@chateau.capital Thank you again to our investors, Alex Pack and Hack VC. Their hands-on help has been invaluable, and we look forward to partnering with them for the long-term. Original tweet and blog post by Hack VC: https://blog.hack.vc/investing-in-chateau-bringing-composable-private-equities-and-funds-on-chain/ https://blog.hack.vc/investing-in-chateau-bringing-composable-private-equities-and-funds-on-chain/ https://x.com/hack_vc/status/1819102732525191667?embedable=true https://x.com/hack_vc/status/1819102732525191667?embedable=true Disclaimer: The information herein is for general information purposes only and does not, and is not intended to, constitute investment advice and should not be used in the evaluation of any investment decision. Such information should not be relied upon for accounting, legal, tax, business, investment or other relevant advice. You should consult your own advisers, including your own counsel, for accounting, legal, tax, business, investment or other relevant advice, including with respect to anything discussed herein. This post reflects the current opinions of the author and is not made on behalf of Hack VC or Chateau Capital Corp. its affiliates, including any funds managed by Hack VC and does not necessarily reflect the opinions of Hack VC or Chateau Capital Corp. its affiliates, including its general partner affiliates, or any other individuals associated with Hack VC or Chateau Capital Corp. Disclaimer : The information herein is for general information purposes only and does not, and is not intended to, constitute investment advice and should not be used in the evaluation of any investment decision. Such information should not be relied upon for accounting, legal, tax, business, investment or other relevant advice. You should consult your own advisers, including your own counsel, for accounting, legal, tax, business, investment or other relevant advice, including with respect to anything discussed herein. Disclaimer This post reflects the current opinions of the author and is not made on behalf of Hack VC or Chateau Capital Corp. its affiliates, including any funds managed by Hack VC and does not necessarily reflect the opinions of Hack VC or Chateau Capital Corp. its affiliates, including its general partner affiliates, or any other individuals associated with Hack VC or Chateau Capital Corp.

Announcing Chateau’s Pre-Seed Financing Round Led by Hack VC

হ্যাক ভিসি এর নেতৃত্বে Chateau-এর প্রাক-বীজ অর্থায়ন রাউন্ডের ঘোষণা

Ankündigung der von Hack VC geleiteten Pre-Seed-Finanzierungsrunde von Chateau

Anuncio de la ronda de financiación previa a la semilla de Chateau dirigida por Hack VC

Annonce du cycle de financement de pré-amorçage de Chateau mené par Hack VC

हैक वीसी के नेतृत्व में शैटॉ के प्री-सीड फाइनेंसिंग राउंड की घोषणा

Hack VCが主導するChateauのプレシード資金調達ラウンドを発表

Hack VC가 주도하는 Chateau의 사전 시드 파이낸싱 라운드 발표

Anunciando a rodada de financiamento pré-semente do Chateau liderada por Hack VC

Объявление о раунде предварительного финансирования Chateau под руководством Hack VC

Chateau'nun Hack VC Liderliğindeki Tohum Öncesi Finansman Turunu Duyurdu

Thông báo Vòng cấp vốn trước hạt giống của Chateau do Hack VC dẫn đầu

Chateau 宣布完成由 Hack VC 领投的种子前融资

In the presentation below, Niklas Kunkel, Oracle Core Unit Facilitator at MakerDAO, talks about the role that oracles play in bridging real world assets on-chain. https://youtu.be/rFv4FWMtlRE?embedable=true Below are further explanations of key points highlighted during his talk. Introduction to MakerDAO & Stablecoins MakerDAO is a decentralized autonomous organization (DAO) that guides the development of the Maker protocol. The Maker protocol is built on Ethereum and makes use of smart contracts to generate and maintain their stablecoin, Dai. Stablecoins are cryptocurrencies that maintain a stable value by being pegged to other stable assets or by using algorithms. Stablecoins generally fall into the following categories; Stablecoins that are backed 1:1 by one or more currencies such as the US dollar and Euro. Oneexample of a fiat-backed stablecoin is . Fiat-backed: USDT Stablecoins that are backed by other cryptocurrencies like Ether (ETH). Since cryptocurrencies are more volatile than fiat currency, crypto-backed stablecoins are usually overcollateralized. This means that instead of being backed 1:1, the amount in reserves would be higher than the value of the stablecoins in circulation. Crypto-backed stablecoins are issued on-chain using smart contracts. is an example of a crypto-backed stablecoin. Crypto-backed: Dai Stablecoins that are backed 1:1 by physical commodities such as gold. is an example of a commodity-backed stablecoin. Commodity-backed: Paxos Gold Stablecoins that make use of algorithms to manage the circulating supply based on market prices. is one example of an algorithmic stablecoin. Algorithmic: Ampleforth According to Niklas, the Maker team developed one of the first oracles on Ethereum. Back in 2014 when they were developing the protocol, there were no oracle solutions available that suited their needs. The team decided to build their own oracle with the intention of switching to another service later on. However, nothing suitable was ever developed and MakerDAO still uses their own oracle today. Niklas is currently responsible for leading the oracle unit of the Maker protocol. DeFi, DEXs & CEXs Decentralized Finance (DeFi) has faced unprecedented growth over the last 2 years. As a result, Decentralized Exchanges (DEXs) have also seen a surge in the amount of usage, with volumes now with centralized exchanges (CEXs) like Coinbase. competing DEXs are peer-to-peer marketplaces built on chain that enable the permissionless trading of assets. This is done by creating liquidity pools and incentivizing users to deposit assets to these pools through a process called yield farming. refers to the process where users deposit cryptocurrency assets into liquidity pools in exchange for trading fees. Assets are automatically swapped between traders and liquidity pools using smart contracts. While CEXs have Order Books that match bids to asks, Automated Market Makers, AMMs, are essential to  DEXs like Uniswap or Curve, acting as the mechanism that sets the price of tokens in a liquidity pool. Yield farming Hyperreflexivity of DeFi In his presentation, Niklas describes DeFi as being “hyperreflexive” in nature. He illustrates this point by describing the following scenario; During bull markets, as the price of popular cryptocurrency tokens like Bitcoin and Ethereum go up, the demand for also increases. As a result, the yield that can be earned for lending also goes up in order to incentivize users to provide liquidity for this leverage. This leads to a large amount of capital flowing into DeFi protocols. leverage As more and more users start , the Total Value Locked ( ) on AMMs like and go up. This ends up serving as a positive feedback loop – a higher TVL attracts more and more users to put their capital into the protocol. The inherent problem with this hyperreflexivity is that when asset prices drop, all the feedback loops explained previously that help DeFi thrive go in reverse, and capital flows out just as quickly as it flowed in. yield farming TVL Uniswap Curve Connecting DeFi to the Real World According to Niklas, in order for DeFi to grow beyond this hyperreflexive bubble, it must be connected to the real world. There are over 100 trillion dollars worth of assets in the traditional financial (TradFi) system versus approximately 100 billion dollars worth in DeFi. Even in a bear market, there is a chance that DeFi can continue to grow by absorbing these Real World Assets (RWAs). The growth from that can outscale any negative macroeconomic pressures. Absorbing RWAs into the DeFi ecosystem would also lower overhead costs in traditional markets by minimizing the need for middlemen typically required in traditional finance. According to Niklas, DAI could be a benefactor of this as the most time and stress tested decentralized stablecoin. One problem with connecting RWAs to DeFi is that the majority of these assets are highly illiquid, meaning they are not actively traded on markets. It is also difficult to derive fair market values for these assets. Financial information pertaining to these assets are heavily censored, with limited information available about the relevant counterparties. If the asset originators are the only source of the data, there is a moral hazard involved as they would be incentivized to report market data that benefits themselves. Implementing RWA oracles In the framework prescribed by Niklas, in order to implement RWA oracles, 3 main players are required – The asset originator, an auditor and the data consumer, who is the ultimate end user consuming the oracle data. Asset originators should submit underlying data on the asset, and not the price. They should not be setting the price of an asset themselves. Rather, they should be submitting data that can be utilized to derive a fair price.  Asset originators are incentivized to provide valid data because an auditor is going to check that this data is correct. If the auditor concludes otherwise, the asset originator can get their credit ratings slashed. Nevertheless, asset originators are assumed to be adversarial and will try to obtain an edge where possible. The role of an auditor is to validate that the data supplied by the asset originator is legitimate. The data consumer will define a data model for how prices should be derived. Auditors then validate the data inputs provided by the asset originator, and plug these inputs into the aforementioned data model. In this model, it is important to note that it is the data consumer who is paying the auditor for their services. The auditor and the asset originator cannot be morally aligned, or aligned in any business sense. A good counterexample would be this from ‘The Big Short’, where the ‘asset originator’ is the one giving business to the ‘auditor’, incentivizing the auditor to fake the validity of the data inputs. scene MakerDAO & RWA Maker has begun the absorption of RWAs into the DeFi ecosystem through a series of partnerships stated below: – MakerDAO is helping to provide short term mortgages for people who want to buy and sell homes quickly for a profit. New silver – Credit tenant lease financing. MakerDAO provides capital, so 6S Capital can finance the construction of buildings when they have guaranteed tenants. 6S Capital – A financier which allows MakerDAO to divert USDC on their balance sheet into US treasuries. US treasuries are extremely liquid, resulting in higher yields with lower risks involved. Monetalis – Covered bonds backed by home loans. Forge wants to 40 million Euros worth of bonds, proposing a 30 million DAI debt facility. Societe Generale (Forge) finance In the current crypto market, there are many who believe that there is a lot of value to be extracted from traditional markets which could help offset some of the revenue lost from crypto. While embracing RWAs could help protocols like Maker maintain its position as a leading DeFi protocol despite market conditions, there is still some concern over the centralized aspect of traditional assets. In his interview with , manager of Real World Assets at MakerDAO, TJ Ragsdale, explained that “the goal is really to take advantage of all the value that lives out there in the real world, and as Maker — with our unique position in the market, build in transparency and determinism that we all love about crypto into those traditional systems.” Blockworks The Blockchain Oracle Summit was the world’s first conference to fully focus on the importance of oracles and the potential value they bring to DeFi and beyond. Leading oracle experts from around the world gathered in Berlin to take deep-dives into their work. Find out more about MakerDAO: MakerDAO Documentation MakerDAO Twitter MakerDAO Discord MakerDAO Youtube Niklas Kunkel Twitter Niklas Kunkel Github

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