Steven Becker, president and chief operating officer of the Maker Foundation, discusses the MakerDAO system's transition to multi-collateral Dai, what benefits it gets from having multiple collateral types, why it started with Brave's BAT, and how the Dai savings rate can lower risk for users. We also talk about what incentives current users have to transition to Dai, given that the Dai savings rate is just 2% while Sai holders can enjoy interest rates over 5% in Compound and dYdX, and how the MakerDAO system plans to try to incentivize people to move over. Plus, we talk about how to manage such a transition in a decentralized project and how the system might someday add tokenized real-world assets.
Thank you to our sponsors!
CipherTrace: https://ciphertrace.com/unconfirmed
eToro: https://www.etoro.com/
Crypto.com: https://crypto.com/
Episode links:
MakerDAO: https://makerdao.com/
The launch: https://blog.makerdao.com/multi-collateral-dai-is-live/
Steven Becker: https://www.linkedin.com/in/steven-becker/
MCD roadmap: https://makerdao.com/en/roadmap/
Upgrade process depending on how you use MakerDAO: https://blog.makerdao.com/looking-ahead-how-to-upgrade-to-multi-collateral-dai/
Stats on the transition: https://sai2dai.xyz
Stats on Dai: https://daistats.com
Dai Savings Rate: https://blog.makerdao.com/an-update-on-the-dai-savings-rate-in-multi-collateral-dai/
The Block on the MCD transition: https://www.theblockcrypto.com/genesis/47367/makerdao-multi-collateral-dai
The Defiant on MCD: https://thedefiant.substack.com/p/defis-central-bank-is-becoming-much
Weekly News Recap:
https://unchainedpodcast.com/ethereum-nvtv-ratio-near-all-time-low/
Arianna Simpson of Autonomous Partners on Privacy, Cryptokitties and Crypto Regulation
Caitlin Long on How 'Utility Tokens' Are Now Legal In Wyoming
SXSW Episode: Amber Baldet, Blockchain Program Lead at JPMorgan, on the Potential Clash Between Blockchains and the Right to Be Forgotten
SXSW Episode: Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean
Spencer Bogart on Bitcoin's Maturation and the SEC Overhang on Crypto
The Gender Imbalance in Crypto: Jalak Jobanputra on Why It's a Problem and Her Effort to Fix It
Brian Kelly on Token-Curated Registries, Robinhood Crypto Trading and the Petro
Olaf Carlson-Wee on Whether $100 Million Worth of Frozen Ether Should Be Restored
Trailer
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Startitup podcasty
Sarah Westall - Business Game Changers
Børsen Morgenbriefing
The Economics Show with Soumaya Keynes