2min chapter

I Pledge Allegiance cover image

Rune Christensen - MakerDAO's Past, Present, and Future

I Pledge Allegiance

CHAPTER

How Did the Foundation Transition to a Dow?

The foundation was able to bootstrap the protocol, but ultimately it operated with a lot of regulatory risk. So we really wanted to make sure that that was not something that I guess you don't want that to kind of ossify and assist them like making or requiring a core team permanently. Because that then completely defeats the purpose of having to be unbiased and having to be decentralized. And so by the time the foundation started dissolving, at that point in time, the coherence were already up and running. It wasn't that the foundations are shut down. But rather, it's like the coherence sort of took over and made the foundation obsolete.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode