this post was submitted on 19 May 2024
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what's wrong with PureDAI? they wont allow other stables to be collateral, which is really good. Or will it also have a freeze authority like the other stable? idk that much so you need to provide some context bro.
anyway there is one on Solana that functions very similar to DAI, it's called PAI (Parrot). Also RAI o. ETH but it's not collateral based
https://forum.makerdao.com/t/reconciling-the-two-opposing-paths-for-decentralized-stablecoins/24280
It will become the next Terra Luna. They should make it new projects but they want MKR tied to its governance. Its all a cash grab and so sad. Thank you for the alternatives.
I went through it, thanks
How exactly will this be the next Terra Luna? Maybe you can explain to me. Sorry It's been a while since I studied all that stuff and the crash happened.
But yeah, looks like they are essentially focusing all their attention on the new fed glowie coin, and pushing "PureDai" into a new DAO altogether, off to the sidelines. It will gain its peg in a fully automated form using decentralized collateral. Maybe that's the Terra Luna part you meant. But if it's overcollateralized then wont it be as strong as original DAI?
How sad. I agree with the last guy. This is sabatoge. Likely that the feds are pushing this in the background, pushing the Founder guy.
terra required too much manual intervention and also aimed to maintain a USD peg. RAI and pureDAI aren't supposed to be like that. so I wouldn't be so pessimistic. I think there is still a way to do it.