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<ul class="news-points"> 
 <li><strong>Adam Cochran has questioned the model of MakerDAO’s new Savings DAI token (sDAI).</strong></li> 
 <li><strong>The crypto entrepreneur indicated that yield derived from a centralized firm would attract the SEC’s attention.</strong></li> 
 <li><strong>MakerDAO recently unveiled sDAI, an ERC-4626 token powered by the Dai Savings Rate.</strong></li> 
</ul> 
<p>Adam Cochran, the crypto entrepreneur behind Synthetix, has questioned and expressed concerns about MakerDAO’s recently unveiled Savings DAI token (sDAI). sDAI was introduced by the DeFi lending platform earlier this week. It is an ERC-4626 token powered by the Dai Savings Rate (DSR) and is the tokenized version of DSR-enabled DAI.</p> 
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   <p lang="en" dir="ltr">I missed this… are they just getting the yield from the bond lending program stuff they were doing with banks etc, and then passing that yield on..?<br><br>Cause a centralized management party providing pass through money market yield would make a very happy Gensler… <a href="https://t.co/X5bsEZWYs6" target="_blank" rel="nofollow">https://t.co/X5bsEZWYs6</a></p>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1671369197346062336?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 21, 2023</a>
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<p>Cochran, who also happens to contribute to Yearn Finance, took to Twitter earlier today to highlight MakerDAO’s latest DeFi offering. He stated that he had missed sDAI’s announcement and questioned i…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/crypto-entrepreneur-questions-makerdaos-new-savings-dai-token/">Crypto Entrepreneur Questions MakerDAO’s New Savings DAI Token</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Entrepreneur Questions MakerDAO’s New Savings DAI Token

Coin Edition

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