The MakerDAO Foundation is getting serious about its planned obsolescence. A governance call Thursday laid out founder Rune Christensen's three pillars of full decentralization.
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Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
The Maker Foundation has revealed its plan to start transferring its governance power to the community in the next two years and is set to release an initial draft of the new community-based governance paradigm next Monday. During Thursday’s Governance & Risk meeting, MakerDao founder Rune Christensen outlined the foundation’s envisioned framework for a self-sustaining […] The post Maker Foundation reveals its design for a self-governing DAO to replace its role in the ecosystem appeared first on The Block.
Decentralised prediction market platform Augur is set to launch its second version on the Ethereum network in early June. The post Decentralized prediction market platform Augur schedules its v2 launch for early June appeared first on The Block.
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