Neither does say the software that runs the autopilot car.

Question

Neither does say the software that runs the autopilot car.

Doesn't mean there isn't potential liability. Maker, for instance, is highly centralized behind the scenes in how they are run and governed. I wouldn't want to go after everyday users either...but those who run and control and overwhelmingly benefit from it? Why should they be given OUR deposits to keep?

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28.07.2022

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Znewem Автор вопроса

Kristian
The decentralized nature of these protocols means ...

not just the development team, it is governed effectively by a small group of people who benefit significantly from it. A dry, boring research paper on it if you're interested. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://arxiv.org/ftp/arxiv/papers/2203/2203.16612.pdf

0

28.07.2022

Kristian

Znewem
not just the development team, it is governed effe...

Yes, it is no secret that Maker DAO is less decentralized than it should be, but that doesn’t mean that the whales would vote in favor of inflicting the protocol losses.

0

28.07.2022

Kristian · Accepted Answer

The decentralized nature of these protocols means that the development team behind it has no access to the funds stored in the contract and are unable to pay it back. Although some protocols could technically make this happen through a governance proposal it is unlikely that anyone would vote in favor. Maker and other DeFi protocols have not been given “our deposits to keep” they have simply been given back the funds that they lent to Celsius, and in exchange Celsius has gotten back our deposits which was used as collateral.

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Neither does say the software that runs the autopilot car.

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