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MakerDAO's Endgame: The Boldest Gamble in Crypto History | Rune Christensen

Empire

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The Principles of Decentralization

The MKR token is a governance token, it allows you to vote on proposals in this new system. And how rye is, it totally works, but it comes at a great cost of adoption to have like pure crypto collateral or LUSD or whatever, right? Like all these like, these projects that basically sacrifice, pay and scalability for, for decentralized collateral - they just end up back in this thing. If you don't want that, then I mean, if you want to sort of untether entirely from the US dollar, then you can’t offer something that is stable relative to the US dollars a product, right? It's kind of like my big surprise was every

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