MakerDAO founder: ETH is the most stable choice for the Dai ecosystem in terms of value drivers

The latest upgrade to MakerDAO is considered to be of paramount importance to the ecosystem as it seeks to enhance the use of Dai tokens in the real world. Maker founder Rune Christensen recently shared the company's expected roadmap in an interview with Blockcrunch, particularly with regard to the transition from single-backed Dai to multi-collateralized Dai.


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Speaking of multi-mortgage Dai governance compared to the Bitcoin ecosystem, Christensen claims that

“Bitcoin is somewhat dependent on a centralized infrastructure, and relatively few centralized exchanges are mainly from China and the US. But because Bitcoin’s centralized infrastructure is actually diverse, It is completely decentralized. This is the goal we must achieve through Dai."

When it comes to Dai's collateral, Christensen stressed that ETH is the most stable option in the Dai ecosystem in terms of driving value, although the company intends to find more viable options in the near future. He further envisioned the issue of supporting Dai with bitcoin after moving the BTC to the Ethereum blockchain. He added:

"Bitcoin has a common problem, and because it can be written in a limited number, it is impossible to build a more decentralized cross-chain solution."

As a result, any encryption ecosystem that uses Bitcoin as a collateral in a DeFi system will always interact with "a certain central counterparty intermediary." To cope with this limitation, Maker intends to use various versions of tokens, similar to WBTC and TBTC. Christensen said: "This will happen in the short term."

Christensen said that when commenting on Facebook’s attempt to deploy its version of centralized stable currency (Libra),

The problem with “centralized stable currency is that it will always be regional or even national. If your stable currency is not decentralized, then you are actually only providing banking services, so your main The product is trust."

Because of its nature, Christensen speculates that every banking institution will be able to release its own centralized currency version, which will be “strictly regulated and promoted by the authorities that control them.” The founder of the Maker said that In the future, Dai will be able to take advantage of many leading stable currencies as collateral.