The height of the last bull run was when MakerDAO cofounder Rune Christensen felt most disillusioned by DeFi and DAOs. “I didn’t even see how Maker was going to survive,” Christensen tells Laura Shin in the latest episode of Unchained. Now Christensen is leading an effort to help DAOs escape their trough of disillusionment. He says the ambitious “Endgame Plan” for MakerDAO seeks to overcome “the central issue of voter apathy.” Will it work or are DAOs doomed to fail?
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:
the disillusionment that comes with the growth of DAOs and the need for a new approachRune’s insights into the challenges that most DAOs facehow Maker plans to implement alignment engineering through tools, gamification, and incentiveswhat each phase of Maker’s “Endgame Plan” seeks to accomplishthe strategy behind Maker’s rebranding, including the launch of new tokens while maintaining MKR and DAIthe importance of governance boundaries in ensuring that participants follow the rules and contribute constructivelythe goal to reach a state of ossification and certainty, similar to Bitcointhe challenges of renaming tokens and the decision to keep the original brandswhy Rune believes that Phase 2 of the Endgame Plan will change the industryhow SubDAOs will work to align incentives, improve the organization, and avoid ponzi schemeswhat Maker’s “Atlas” is and how it intends to set boundarieshow Maker plans to use artificial intelligence the role of delegates in the DAO and how users choose themthe difference between “dovish” and “hawkish” governancewhat the motivation was for launching the Spark lending protocolwhy the DAI Savings Rate (DSR) is not offered to American investors and Rune’s take on DeFi regulationwhy South Korea and Japan are the best crypto environments in the world, according to Runewhether Maker should be doing more to mitigate the influence of “whales,” given that Rune owns about 10% of the MKR supply
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Previous appearances on Unchained:Rune Christensen of MakerDAO Part 1: How to Keep a Crypto-Collateralized Stablecoin AfloatRune Christensen of MakerDAO Part 2: How Dai Stayed at $1 While ETH Crashed From $1,400 to $85 The Chopping Block: How to Manage MakerDAO, With Hasu and RuneRune Christensen of MakerDao on Its $15 Million From Andreessen HorowitzWhy It's so Hard to Keep Stablecoins StableUnchained: MakerDAO: The DeFi Protocol That Lets You Be Your Own BankerMakerDAO’s Spark Protocol Blocks VPN UsersMakerDAO to Raise DAI Yield Amid Lower Demand for StablecoinMaker Founder Proposes Changing DAI Savings Rate to 5% The Defiant: Christensen Drops Radical Plan to Remake MakerDAO and Address 'Fundamental Problems',Christensen’s Twitter thread explaining Endgame
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