Preview Mode Links will not work in preview mode

Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Feb 5, 2019

Rune Christensen, CEO and cofounder of MakerDAO, explains how multicollateral Dai will work, what happens if one type of collateral fails, and what happens when someone's collateralized debt position with multicollateral Dai needs to be liquidated. He also discusses who gets to participate in the various levels of governance with the MKR token, who owns those tokens and what the purpose of the Maker Foundation is. We also cover whether the CFTC would consider collateralized debt positions to be derivatives and therefore under its purview, how Dai is being used and how much education is required for people to use the system.

Thank you to our sponsors!




Episode links:


Rune Christensen:

Previous Unchained episode on stablecoins with Rune and Philip Rosedale of High Fidelity:

Unconfirmed episode with Rune on Andreessen Horowitz’s $15 million investment:

Part 1 of my interview with Rune:

Digital Asset Research report on MakerDAO:

CFTC smart contracts primer prohibiting derivatives contracts that are traded on exchanges that are supposed to be registered with the CFTC and are not.

Nice recap of how Dai has performed as ETH has dropped in price:

MKR Tools website:

Description of Maker Tools:

Maintaining its peg as ETH dropped:

MakerDAO and Wyre partnership:

ETH in DeFi projects:

Placeholder VC blog post: