March 16 Hexonaut, Makerdao’s protocol engineer and co-founder of software and design firm Bellwood Studios, uses real-world assets (RWA) to extend the decentralized finance (defi) protocol Makerdao. Announced a proposal. Hexonaut claims the bull market was good, but “time has passed,” he believes Makerdao needs to “take the next step and begin to integrate with the real world on a large scale.” increase.
The Makerdao community’s proposal discusses integrating real-world assets into the CDP equation.
Software engineers on the Makerdao team believe that they will activate the decentralized finance (defi) protocol. Basically, Makerdao is a secured debt position (CDP) or protocol that manages the issuance of Stablecoin DAI. Throughout the various blockchains, data from defillama.com statistics show that there are approximately 31 different CDPs and Makerdao is the largest in terms of locked totals (TVL). Today, Macerdao’s TVL is $ 16.15 billion, an increase of 6.99% over the past seven days.
Makerdao is also the second largest decentralized protocol under Curve Finance in terms of its fixed value to today’s decentralized finance. Maceldao’s DAI Stablecoin is the fifth largest stablecoin in terms of market valuation, at $ 9.5 billion. With a UST valuation of about $ 15.4 billion, DAI has recently been overtaken by stablecoin UST, which was recently published on Terra’s network.Last week, Makerdao protocol engineer Hexonote He unveiled an idea suggesting the introduction of real-world assets (RWA) into Macerdao’s CDP scheme.Hexonote Explanation “Short-term crutches” are when the project leverages centralized stablecoins like USDC.
It’s time for the Maker protocol to take bold action and seed the next phase of DeFi.
The bull market was kind to all of us, but then it’s gone. You need to take the next step and begin to integrate with the real world on a large scale.
This is our way 🧵👇 pic.twitter.com/W3LELDMwY6
— Hexonaut.eth | 🪱🕳ing (@hexonaut) March 16, 2022
However, Hexonaut’s proposal emphasizes that crypto-native yields have depleted liquidity, and the project “expands to uncorrelated quality loans and reintroduces the portfolio with highly productive assets. I think it is necessary to “diversify”. The protocol engineer also announced McEldao’s governance proposal on the same day as other contributors in a post called “Aggressive Growth Strategy.” In the proposal, Hexonaut details what he believes is inevitable that the project will depend on RWA. Hexonaut proposes a two-step plan that includes “conservative” financing and risk-on-exposure.
With many competing protocols focused on RWA bridging, developers think it’s a good time for Makerdao to take advantage of RWA. Hexonaut’s proposal states:
We believe it is the right time to drive RWA’s efforts into overdrive. On with many off-chain counterparties that emerged last year at the forefront of efforts to connect RWA to crypto, in addition to our own efforts to improve and expand the pool of borrowers with which we are already cooperating. There is a chain protocol.
Some Macerdao supporters loved Hexonaut’s proposal, while others called it a “terrible idea.”
The comments following Hexonaut’s suggestion indicate that some thought there were pros and cons to adding RWA. A user named Psychonaut said he liked the idea of ”increasing the surplus buffer by selling bond-style investments.”
“I actually covered this in Discord two days ago, but I prefer the model to the traditional incidence structure,” Psychonaut added. But on Twitter, the hexnote’s proposal was criticized.
“This is a terrible idea,” said a Twitter user named Foobar. Said.. “Complexity is a bug, not a feature. DAI needs to be self-sufficient without introducing real risk factors for no reason. You like RWA. Build the RWA protocol. Another Twitter user ironically Tweet: “Holy sh **. Manufacturers using real-world centralized assets that can be frozen immediately [the] Permanently confiscated with the government. “
What do you think of Hexonaut’s Makerdao proposal and the idea of using real-world assets (RWA)? Please tell us what you think about this subject in the comments section below.
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