CryptoSlate recently had the opportunity to chat with Steven Becker, the President and COO of MakerDAO. MakerDAO is a unique dApp that generates Dai, the world's first decentralized stablecoin that facilitates economic growth on the blockchain and economic empowerment with the blockchain.
MakerDAO was recently in the news for the successful launch of multi-collateral Dai.
MCD brings with it the much-anticipated Dai Savings Rate mechanism.
This allows Dai holders to lock up their tokens in a smart contract and earn additional Dai in the meantime.
In the interview, we discussed how Becker got started in crypto, the benefits of decentralized finance, the successful launch of multi-collateral Dai, advantages of using the Dai savings rate, his crypto predictions for 2020 and more.
How has the rollout of multi-collateral Dai gone? Any notable statistics?
Dai Users are the second stakeholders and before migration, there were approximately two hundred thousand addresses holding Dai.Dai generators, the third stakeholder, are the folks that use vaults to generate Dai.
What are the advantages of utilizing the Dai Savings Rate as opposed to other crypto interest-earning platforms?
SB: Using the Dai Savings Rate helps keep the protocol robust and Dai stable.
Transferring Dai into the DSR is nothing more than transferring Dai into a smart contract, and that is it.
MakerDAO President talks multi-collateral Dai rollout, advantages of Dai Savings Rate, product roadmap and more
pubblicato su Nov 27, 2019
by Cryptoslate | pubblicato su Coinage
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