Bankless 87 - The Future of Maker | Rune Christensen
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Oct 11, 2021 Rune Christensen, the visionary founder of MakerDAO and a key player in the DeFi space, shares insights on the future of decentralized finance. He discusses the groundbreaking collaboration with Société Générale and how MakerDAO can leverage DAI for sustainable initiatives. The conversation dives into the challenges of a multichain world, the importance of aligning human and market values, and the potential for DAI to become 'clean money.' Rune also explores the environmental implications of crypto, advocating for a purpose-driven evolution in the space.
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Banks Coming to DeFi
- Société Générale, a major French bank, proposed adding $20M in bond tokens as collateral on MakerDAO.
- This signals banks' growing interest in DeFi and MakerDAO's potential.
Multisig Bridges as Security Risk
- Rune Christensen criticizes multi-chain futures due to security risks inherent in multisig bridges.
- He argues that bridges compromise the security of decentralized systems.
Multi-Chain Future Critique
- Rune argues that multisigs become the weakest link in cross-chain transactions, creating centralization.
- This undermines the decentralized nature of crypto and makes it less secure.