Steven Becker, president and chief operating officer of the Maker Foundation, discusses the MakerDAO system’s transition to multi-collateral Dai, what benefits it gets from having multiple collateral types, why it started with Brave’s BAT, and how the Dai savings rate can lower risk for users. We also talk about what incentives current users have to transition to Dai, given that the Dai savings rate is just 2% while Sai holders can enjoy interest rates over 5% in Compound and dYdX, and how the MakerDAO system plans to try to incentivize people to move over. Plus, we talk about how to manage such a transition in a decentralized project and how the system might someday add tokenized real-world assets.
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Episode links:
MakerDAO: https://makerdao.com/
The launch: https://blog.makerdao.com/
Steven Becker: https://www.linkedin.com/in/
MCD roadmap: https://makerdao.com/en/
Upgrade process depending on how you use MakerDAO: https://blog.makerdao.com/
Stats on the transition: https://sai2dai.xyz
Stats on Dai: https://daistats.com
Dai Savings Rate: https://blog.makerdao.com/an-
The Block on the MCD transition: https://www.theblockcrypto.
The Defiant on MCD: https://thedefiant.substack.