Episode 70: Digging into DAI with Rune Christensen from Maker

In this interview, we chat with Rune Christensen from MakerDAO (https://twitter.com/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 (https://neufund.org/). 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 (https://github.com/neufund) or the Neufund job offer at neufund.org/careers (https://neufund.org/careers)
If you like what we do:
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Or directly here:
ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a
BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz

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