@Samkazemian when you chatted with rune did he propose to

Question

@Samkazemian when you chatted with rune did he propose to

you to become a maker subdao? I’m developing a thesis that most defi should just become service providers to a single liquidity asset. I loved the heuristic of becoming the largest note issuer of all the largest assets and right now DAI is the largest decentralized note issuer. Unfortunately I understand the founder dilemma and the promise of making a lot of money and doing things better than others will always entice others to compete instead of collaborate. I see frax as having a competitive edge in iteration, cohesive vision, and large product suite but I fear that the first mover advantage of terminal velocity of DAI will be hard to catch. I also fear that both protocols will fall short on their own individual shortcomings and a centralized encumbent will become the standard.

#cryptocurrency #english #frax

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16.02.2024

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Sam Kazemian ¤⛓️¤ · Accepted Answer

Rune and I have a good relationship, he's a very smart guy and talking to him in person a few months back made me understand the endgame vision he's going for. I also like the fact that he's bold about moving Maker out of the EVM/Ethereum world for Makerchain (or the new name). I don't think Maker and Frax are competitive even though you are saying they might be. Maker doesn't issue an LSD, doesn't have (or won't) have a modular rollup blockchain, and also isn't doing experimental flatcoin R&D. We're always excited to work with Maker tbh, it's a great DAO.

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