DAO Maker

<ul><li>A financial analyst recently discussed the financial operations of Maker DAO.</li><li>Derivaux said the DeFi giant needed scale to bank the unbanked.</li><li>The crypto community criticized allowing the MKR token to borrow DAI.</li></ul>In a recent interview with Crypto Journalist Laura Shin, Sébastien Derivaux, Founding Chef at crypto financial services firm Stakehouse Financial, examined the financial operations of Maker DAO, a leading <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> platform.Derivaux first argued that while the DeFi giant hopes to change the world by banking the unbanked, doing so on a significant scale would be essential for success. Elaborating more on this point, Derivaux stated “You’re not changing the world with $100 million DAI tokens,”.The financial expert also faulted Maker DAO’s original ways of issuing DAI tokens in loans, claiming they contain inherent volatility risks. He noted that, however, things have changed and that Maker DAO now has the scale it needs after investing in low-risk US treasury bills with half a billion dollars.<a href="https://coinedition.com/makerdao-analyst-you-cannot-change-world-with-100m-dai-tokens/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

MakerDAO Analyst: You Cannot Change World with $100M DAI Tokens

Coin Edition

Autres articles publiés le 7 mars 2023

WordPress Beta is Open to the Public

What is Stellar XLM? Part 1

How to Use the Crypto.com Wallet

Global crypto market cap battles to hold above $1 trillion as FUD sets in

Iran Completes Pre-Pilot Phase For Digital Rial

The Crypto Future of Work

Join our free newsletter for daily crypto updates!