Rune Christensen, co-founder of MakerDAO, believes that decentralized stablecoins like Dai could dominate the stablecoin market if the crypto space lives up to its potential. He suggests that while centralized stablecoins may become more mainstream with regulation, the real potential lies in decentralized stablecoins’ ability to “gamify your savings.”
Christensen discussed the future of decentralized stablecoins and their role in the crypto economy at Token 2049 in Singapore. He agreed with Castle Island Ventures partner Nic Carter’s prediction that interest-bearing stablecoins could constitute 30% of the market within two years, depending on the macroeconomic situation.
Christensen proposed the “Endgame Plan” for MakerDAO in mid-2022, which aims to make DAI a free-floating asset initially collateralized by real-world assets (RWA). Over a three-year period, while DAI remains pegged to the dollar, the protocol will accumulate as much Ether as possible to increase the ratio of decentralized collateral.
Christensen expressed concern that Maker has been overtaken by illegitimate projects and wants to make the protocol more appealing to younger users by gamifying it. He believes that designing things like a game is what people want and the kind of interface they will use.
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