Exploring the Growth Potential and Strategy of MakerDAO and Uniswap

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Uniswap and MakerDAO are poised to significantly increase their fees, potentially tripling, quadrupling, or even increasing by 10 times through the success of subDAOs. The market perception needs to be enhanced to achieve this, as a larger coin size and better interpretation can lead to increased inflationary rewards and the success of subDAOs. MakerDAO's strategy involves incentivizing DAI supply through various mechanisms under its banner, rather than directly competing with USDC. MakerDAO aims to evolve into a hybrid of an AI-driven hedge fund and a stablecoin, steering away from creating a USD stablecoin clone. The long-term vision of MakerDAO involves its own chain in the future, possibly based on SVM or another technology. The future valuation is anticipated to stem more from a flywheel effect rather than current high revenue and profits, with Maker transitioning from being seen as a DeFi 1.0 coin to a more appealing asset for investors. The key drivers for this transition would be the flywheel effect and branding, as demonstrated by other successful projects like Celestial, indicating the potential for MakerDAO to enhance its market perception, overcome cost barriers, and drive growth.

In today's interview Sam and Brick are joined by Vance, Mark, and Hasu. Together they dive into MakerDAO's endgame. They discuss the current state of MakerDAO, including the DAI stablecoin and RWA adoption. The conversation then shifts to the bull case for Maker, with a focus on the new subDAO structure and how it aims to drive demand for the Maker token through a flywheel effect involving token farming incentives. The guests also debate the challenges MakerDAO faces in igniting organic demand for DAI and finding product-market fit between more centralized stablecoins like USDC. Stick around for all of this and much more!

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Resources

https://www.steakhouse.financial/projects/makerdao-financial-report-2023

PDF: https://drive.google.com/file/d/196mQAbiajSnjFM3SJq-pGuF8GhUwKtL3/view?usp=sharing

PDF (IPFS): https://aqua-hollow-alpaca-520.mypinata.cloud/ipfs/QmdPmF9EuogwY5F2VHbYXG6eke8hYBvBc5p5rXQtvg1WtM

EPUB: https://drive.google.com/file/d/18MVlmvd-b-bnFXAu2hnp7P0cPgj5DYHN/view?usp=sharing

EPUB (IPFS): https://aqua-hollow-alpaca-520.mypinata.cloud/ipfs/QmXnr3VdsgM5MDjN3yMWmerQjWQMU54ExVW2yncSM9PAiA

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Timestamps:

(0:00) Introduction

(1:37) MakerDAO Overview

(5:29) Maker's RWA Adoption

(15:52) Future of DAI Adoption

(21:27) Bull Case for Maker

(28:36) DAS London Ad

(29:43) MakerDAO Endgame

(35:20) subDAO Structure Inefficiencies

(46:04) Maker Token Demand

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.