MakerDAO co-founder Rune Christensen has reached out to the community in light of recent conversations of decoupling its native token from USD Coin (CRYPTO: USDC) amid the sanctioning of Tornado Cash to explain why free-floating Dai (CRYPTO: DAI) may be the only option for the decentralized autonomous organization (DAO).
Christensen acknowledged underestimating the hazards associated with risk-weighted assets in his blog post titled “The Path of Compliance and the Path of Decentralization: Why Maker has no option but to Prepare to Free Float Dai.”
Physical crackdowns can be sudden
“Physical crackdown against crypto can occur with no advance notice and with no possibility of recovery even for legitimate, innocent users. This violates two core assumptions that we used to …
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