✨ New Stablecoins from MakerDAO: PureDai and NewStable
posted 16 May 2024
Rune Christensen, the founder of MakerDAO, has introduced PureDai, a new stablecoin, alongside the previously announced NewStable (a temporary name), and shared more details about both.
NewStable will focus on scalability and backing by real-world assets (RWAs), aiming for deeper integration into traditional finance. It will also include a freeze feature to enhance security.
PureDai will emphasize full decentralization, using crypto assets such as ETH and stETH as collateral, and will operate with a freely floating peg, similar to Rai.
This dual approach is designed to meet the diverse preferences of the crypto community, addressing the stablecoin trilemma by separating the paths of utility and pure decentralization.
Recall that NewStable was recently announced alongside NewGovToken (a temporary name), a governance token created to encourage broader participation (through redenomination) and more dynamic decision-making.
More breaking news
More breaking news
Breaking news
📣 CyberKongz NFT Project Under SEC Scrutiny
