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What are your thoughts on MakerDao which uses the MKR and Dai tokens for decentralized collateral backed stablecoins called Dai? Their implementation is happen
by gammateam 8y ago
What are your thoughts on MakerDao which uses the MKR and Dai tokens for decentralized collateral backed stablecoins called Dai?
Their implementation is happening a bit slower due to the novelties but it offers the MKR which is a profit incentive for proliferation, and may be more resilient than centralized stablecoins
- jessepollak 8y agoPersonal opinion, not the company: I think it's very cool. I've been watching them since they launched and have been impressed with their consistent progress. I love using it as an example of financial experimentation and success: they launched at the top of the bubble and have been able to keep stability even as crypto has gone through a massive crash! Pretty amazing.