Decentralized stablecoins could dominate crypto: MakerDAO founder
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Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen, the co-founder of DeFi pioneer MakerDAO.
Speaking to Cointelegraph’s Andrew Fenton at Token 2049 in Singapore, Christensen aired his thoughts on the future of decentralized stablecoins such as Dai (
In mid-2022, Christiansen proposed MakerDAO’s “Endgame Plan”. The plan proposes making DAI a free-floating asset, initially collateralized by real-world assets (RWA).
There will be a three-year period when DAI remains pegged to the dollar. During this period, the protocol will double down on RWA to accumulate as much Ether (ETH) as possible which increases the ratio of decentralized collateral.
Rune believes that Maker has built a very solid and stable foundation but it has been overtaken by scammy and illegitimate projects.
He wants to try and gamify to make the protocol fun and more appealing to younger users. “It’s what people want,” he said before adding, “Things are designed like a game and that’s the kind of interface they will use.”
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