5min chapter

I Pledge Allegiance cover image

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

I Pledge Allegiance

CHAPTER

The Future of Decentralized Stablecoins Will Be Decided by How Much Eath Is Staked

The future of dfi protocols will really be determined by how much staked eath they can get on the control. i was backing die because that's one of the source of the income for the protocol and it's also the source of decentralization for the protocol. The plan revolves around a new sort of flagship product called etherdye which is basically like a synthetic eath rather than peg to the dollar. It's a stable coin peg to eath instead of peg to thedollar so you can back that with staked eaths but diversify the collateral.

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