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Cryptocurrency News

MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

08/30/2022

Less than a minute

2022.08.30 01:41

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 (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 miscalculating the risks related to risk-weighted assets (RWA). He stated:

Source

08/30/2022

Less than a minute