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.
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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/
Why Ethereum 2.0 Could Fail and How It Could Be Fixed - Ep.065
How Uniswap Quickly Became One of the Most Popular Dexes - Ep.064
Venue Announcement for Unchained Live
How to Earn Money on Collateral in DeFi — and Why That's Risky - Ep.063
After Massive Layoffs and Losses, What Are Bitmain's Future Prospects? - Ep.062
How AirTM Hopes to Get Venezuelans to Use Cryptocurrency - Ep.061
Unchained Live With Vitalik Buterin
How Korea's Crypto Scene Differs From That of the US - Ep.060
The QuadrigaCX Case: Taylor Monahan on What We Know From the Blockchain - Ep.059
Dan Morehead of Pantera Capital on Why This Crypto Winter Is Different - Ep.058
Why You Shouldn't Trust Crypto Exchange Reports for Your Taxes - Ep.057
When Is a Token Decentralized Enough to Not Be a Security? - Ep.056
The Ethereum Classic 51% Attack: How It Happened and Why the Price Didn't Crash - Ep.055
Arjun Balaji on the Ways Bitcoin Will Improve in 2019 - Ep.054
How PowerLedger Aims to Boost Renewable Energy - Ep.053
Bloomberg's Matt Leising on Why It Appears Tether Has Sufficient Dollar Reserves - Ep.052
Consensus: Invest 2018: Financial Products in 2019 and Beyond - Ep.051
Why ConsenSys Is 'Shifting From Experimentation to Excellence' - Ep.050
How ConsenSys Got So Big But Accomplished So Little - Ep.049
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