Digging into DAI with Rune Christensen from Maker

Episode 70 · March 27th, 2019 · 1 hr 12 mins

About this Episode

In this interview, we chat with Rune Christensen from MakerDAO about stablecoins, MakerDAO’s take on this concept, the peg and how this is maintained, security, oracles and more.

Here are a few of the terms that we discuss in the episode:

  • DAI: a crypto asset-backed token pegged to the USD  — it is designed to maintain a stable value.
  • MKR: Valuebearing, tradeable token. As a governance token, MKR holders have the responsibility of making risk based decisions that will influence the future health of the system.
  • CDP: The MakerDAO Collateralized Debt Position (CDP) is a smart contract which runs on the Ethereum blockchain. It is a core component of the Dai Stablecoin System whose purpose is to create Dai in exchange for collateral which it then holds in escrow until the borrowed Dai is returned.

The best resource we found to explain the CDP is here: https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90


Thanks again to this week's sponsor Neufund. If you’re interested in how Neufund's open-source technical environment is enabling tokenization of real-world assets or the VP of Engineering position, check their GitHub profile at github.com/neufund or the Neufund job offer at neufund.org/careers


If you like what we do:
Follow us on Twitter - @zeroknowledgefm
Join us on Telegram - https://t.me/joinchat/B_81tQ57-ThZg8yOSx5gjA
Support our Gitcoin Grant - https://gitcoin.co/grants/38/zero-knowledge-podcast
Support us on Patreon - https://www.patreon.com/zeroknowledge
Or directly here:
ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a
BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz