MakerDAO may be diversifying the assets it works with, but it has a long way to go to decentralize the power to make key decisions. On Monday, the cryptocurrency lending platform moved to multi-collateral stablecoin loans, marking a new era for the decentralized finance (DeFi) movement. Previously, collateral for loans could only be committed in […]
RT @mayazi: Great write up from @La__Cuen on the launch of multi-collateral DAI. MKR is one of the most fascinating experiments, but still unclear how decentralized it is, other than minting new risk for Ethereum through leverage. https://t.co/wDyxcomVun
"The bottom line is the majority of people funding this movement, which they retain the power to influence, could fit into one room. In this sense, DeFi isn’t all that decentralized yet."
I own a small amount of both MKR & DAI. I love how easy they are to use! Community events are fun! But, since it's still early & a small group of individuals govern the DeFi ecosystem, I don't put in more than I can afford to lose. My latest 👇https://t.co/iupAI6ExiN