MakerDAO should 'seriously consider' depegging DAI from USD: Founder
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC. MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD). The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’s Discord channel on Aug. 11 that the sanctions are “unfortunately more serious than I first....
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While revealing the protocol's inability to comply with regulators, Christensen suggested that "we must choose the path of decentralization." In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).In his blog post, “The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai,” Christensen disclosed....
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs “to take the next step and begin integrating with the real world at scale.”
Makerdao Community Proposal Discusses Integrating Real World Assets Into the CDP Equation
A software engineer from the Makerdao team has....
MakerDAO Co-founder Rune Christensen has suggested the DeFi project utilize a fork of Solana’s codebase to build its proposed “NewChain.” Back in May, the MakerDAO announced its “Endgame” network update aimed at improving the protocol’s “efficiency, resilience and participation” via the formation of a “strong governance equilibrium.” The “NewChain” is a vital part of the […]
In a shocking turn of events, Nicolai Arcadie Muchgian, the 29-year-old co-founder of MakerDAO has been found dead. His death has shocked the crypto space that has been witness to a series of tweets that Muchgian had made days before his death. The tweets which levied serious accusations against powerful organizations are now being analyzed […]
As the bear market trend is getting more intense, many protocols and other crypto-related firms are making moves for survival. On its part, MakerDAO plans on a minimal risk investment strategy to raise revenue. The DAO is taking steps into traditional investments using the native DAI stablecoin. Currently, MakerDAO is undergoing a proposal voting for […]