MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
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....
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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....
Ethereum protocol hit by another DOS attack, the second one in less than a week! Ethereum is definitely heading towards trouble. The promising blockchain-based smart contracts protocol has been facing a lot of issues in the recent days, the latest one being yet another DOS attack. A brief alert about the latest DOS attack was published earlier yesterday on Ethereum’s blog. The alert statement reads, “URGENT ALL MINERS: The network is under attack. …a computational DDoS, i.e. miners and nodes need to spend a very long time processing some blocks. …due to the EXTCODESIZE opcode, which has a....
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 […]
The Ethereum network was recently attacked by an opcode called Excodesize that slowed down the network, causing blocks to take as long as 60 seconds to validate, Ethereum founder Vitalik Buterin noted in a blog on Thursday. Buterin recently noted on Reddit that Go developers are actively working on client code changes to process Wednesday’s attack blocks quickly. The Go code that the developers built is in many cases able to process attack blocks faster than the current latest release, but the team wants to be sure that 1) the speedup covers all attack blocks, 2) it does not introduce new....