Exclusive: Rune Christensen on MakerDAO’s Vision for DeFi and the Future of Finance
In an exclusive interview, Matt Zahab from Cryptonews had the pleasure of speaking to Rune Christensen, co-founder of MakerDAO, at Consensus 2024 in Austin, Texas, on MakerDAO’s vision for decentralized finance (DeFi) and the future of finance
The conversation delved into MakerDAO’s impressive track record in DeFi, its innovative strategies for offering high yields on crypto assets, and the exciting future of the DeFi space. Check out the full interview here:
MakerDAO is a smart contract lending protocol that allows users to take out loans by depositing digital assets as collateral. The loans are issued in the form of MakerDAO issued stablecoin DAI.
It is renowned for its stability and security and is one of the oldest and most reliable projects in the blockchain space. The cornerstone of its success is the DAI stablecoin, built on blockchain technology, which ensures transparency and resilience.
With over $5 billion in circulation and generating $300 million in annual revenue, DAI has become one of the key players in the stablecoin market. Christensen said, emphasizing the reliability of their platform,
“Maker has a very long track record of stability and security.”
One of MakerDAO’s standout features is its ability to offer an 8% yield on DAI, which often seems too good for those used to traditional finance.
Christensen explained that this high yield is achievable by allocating underlying assets between traditional finance assets, like treasuries and real estate, and crypto assets. The “basis trade” in the crypto market further improves the yield, where inefficiencies allow for significant returns. He elaborated,
“We were the first to tap into what’s called real-world assets, which just means normal
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