{"id":162809,"date":"2022-08-28T13:38:20","date_gmt":"2022-08-28T13:38:20","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162809"},"modified":"2022-08-28T13:38:20","modified_gmt":"2022-08-28T13:38:20","slug":"makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/","title":{"rendered":"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface"},"content":{"rendered":"

In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).<\/p>\n

In his blog post, \u201cThe Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai,\u201d Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA). He stated:<\/p>\n

\u201cPhysical crackdown against crypto can occur with no advance notice and with no possibility of recovery even for legitimate, innocent users. This violates two core assumption that we used to understand RWA risk, making the authoritarian threat a lot more serious.\u201d<\/p><\/blockquote>\n

While revealing the protocol\u2019s inability to comply with regulators, Christensen suggested that \u201cwe must choose the path of decentralization, as was always the intent and the purpose of Dai.\u201d <\/p>\n

<\/p>\n

He believes that decentralizing Maker would reduce the impact of crackdowns on the overall protocol, adding that “The only choice is then to limit attack surface by reducing RWA exposure to a maximum fixed percentage of the total collateral – this requires free floating away from USD.”<\/p>\n

It is important to note that over 50% of DAI is currently collateralized by USDC, as evidenced by daistats data.<\/p>\n

Related: <\/em><\/strong>MakerDAO should \u2018seriously consider\u2019 depegging DAI from USD \u2014 Founder<\/em><\/strong><\/p>\n

Joey Santoro, the founder of the decentralized finance (DeFi) platform Fei Protocol recommended revoking participation from Tribe DAO after reimbursing Fuze victims.<\/p>\n

Previously, Rari Fuze hacker was offered a $10 million bounty for returning the $80 million worth of assets, but Fei Protocol received no response from the attacker.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In light of the recent discussions around<\/p>\n","protected":false},"author":3,"featured_media":162808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nMakerDAO co-founder recommends DAI-USD depegging to limit attack surface - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"In light of the recent discussions around\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-28T13:38:20+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/08\/MakerDAO-co-founder-recommends-DAI-USD-depegging-to-limit-attack-surface.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/\",\"name\":\"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2022-08-28T13:38:20+00:00\",\"dateModified\":\"2022-08-28T13:38:20+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/","og_locale":"en_US","og_type":"article","og_title":"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface - Pre Coin News","og_description":"In light of the recent discussions around","og_url":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/","og_site_name":"Pre Coin News","article_published_time":"2022-08-28T13:38:20+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/08\/MakerDAO-co-founder-recommends-DAI-USD-depegging-to-limit-attack-surface.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/","url":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/","name":"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2022-08-28T13:38:20+00:00","dateModified":"2022-08-28T13:38:20+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"MakerDAO co-founder recommends DAI-USD depegging to limit attack surface"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/162809"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=162809"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/162809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/162808"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=162809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=162809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=162809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}