Ryan Todd and Matteo Leibowitz, research analysts at The Block, discuss why Dai has fallen below $1 in price, how the community has attempted to keep it pegged to $1 and how well that's been working. They also describe what the governance system looks like, how high participation is, and whether or not that's decentralized. And since 2% of al, ETH is locked up in Maker CDPs and Dai is the fuel behind the DeFi movement, we look at what type of role and risk it plays in Ethereum and the overall DeFi system.
Thank you to our sponsor!
CipherTrace: http://ciphertrace.com/unconfirmed
Episode links:
Matteo Leibowitz: https://twitter.com/teo_leibowitz
Ryan Todd: https://twitter.com/_RJTodd
The Block: https://twitter.com/theblock__
March 15 governance call report: https://www.theblockcrypto.com/2019/03/15/makerdao-governance-risk-call-march-14-stability-fee-hike-post-mortem/
March 21 governance call report: https://www.theblockcrypto.com/2019/03/22/makerdao-governance-call-march-14-despite-0-75-supply-decrease-dai-continues-to-trade-down/
Unchained interview with Rune Christensen of MakerDAO, part 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/
Unchained interview with Rune Christensen of MakerDAO, part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/
Unconfirmed podcast with Rune Christensen of MakerDAO on its investment of $15 million from a16z: https://unchainedpodcast.com/rune-christensen-of-makerdao-on-its-15-million-from-andreessen-horowitz-ep-039/
Unchained podcast on why it's so hard to keep stablecoins stable: https://unchainedpodcast.com/why-its-so-hard-to-keep-stablecoins-stable/
Unconfirmed interview with Uniswap, another DeFi project the utilizes Dai: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/
Unconfirmed interview on earning money on collateral in DeFi: https://unchainedpodcast.com/how-to-earn-money-on-collateral-in-defi-and-why-thats-risky/
We're Moving to Unchained. Follow Us There!
Girl Gone Crypto: How These Wildly Entertaining Crypto Videos Get Made - Ep.165
Michael Moro on Tesla's BTC Buy and the New Genesis Treasury - Ep.164
Why Asia Is So Important to Crypto - Ep.163
Why the GameStop Insanity Is So Similar to Crypto - Ep.162
Is Tether a Fraud? Its Bank Says It's Not - Ep.161
What You Need to Know About Bitcoin Layer 2s - Ep.160
2021 in Crypto: What to Expect in the Year Ahead - Ep.159
Laura's New Year's 2021 AMA: Your Questions About Privacy, the STABLE Act, Diem and More - Ep.158
Laura's Christmas 2020 AMA: Your Questions About Crypto Media and More - Ep.157
Beeple on How and Why He Raked In $3.5 Million - Ep.156
Why Rohan Grey Believes Stablecoin Issuers Need to Be Banks - Ep.155
How to Get Your ETH2 Yield and Take Out a Loan on It - Ep.154
Crypto on Every Corner: Driving Adoption With Jeremy Allaire and Meltem Demirors - Ep.153
9 Ways Bitcoin Is at an All-Time High - Ep.152
Chad Cascarilla on Paxos's Partnership With PayPal - Ep.151
What the Crypto Industry Could See Under a Biden Administration - Ep.150
The 2 Types of Investors Driving Interest in Crypto - Ep.149
Willy Woo on Why It's 'an Extremely Great Time to Buy Bitcoin' - Ep.148
What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework - Ep.147
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Wall Street Breakfast
Bloomberg Surveillance
Money Talks from The Economist