Tweets Wu Blockchain By CoinEdition
MakerDAO’s DAI Would No Longer Stick: Tweets Wu Blockchain- Wu Blockchain tweeted that MakerDAO plans to become robust with the Endgame plan.
- The endgame plan proposed making DAI a liquid asset with real-world asset collateral.
- The floating DAI may affect Curve Finance and Curves 3pool.
Wu Blockchain, the crypto news platform, tweeted that MakerDAO, a global financial system built on blockchain, was trying to become “resilient” with the Endgame plan. It was also added that DAI, the stablecoin regulated by MakerDAO, would no longer hold the stake as it would affect Curves 3pool.
Reason: MakerDAO plans to become as robust as possible with the Endgame Plan. DAI would no longer hold the pin, which will have a major impact on Curves 3pool.
— Wu Blockchain (@WuBlockchain) October 4, 2022
The Tweet was the follow-up to Wu Blockchain’s Tweet regarding the report released by Crypto Risk Assessment that suggests removing the meter from the current DAI and forming a new pool without the DAI wrapper. The reason for the proposal to remove the benchmark was stated in the second tweet which pointed out that the Endgame plan could affect Curves 3pool.
In response to the US Treasury Department’s decision to sanction the Ethereum mixing service Tornado Cash, Rune Christensen, the co-founder of MakerDAO proposed implementing the Endgame plan to make the network more resistant to regulatory pressure.
Christensen’s proposal was aimed at bringing MakerDAO down the path of resilience and decentralization. But it was understood that the plan could have a major impact on DAI and DeFi protocols such as Curve Finance.
It was proposed that the Endgame plan would make DAI a liquid asset, basically secured by real-world assets. Additionally, for the first three years, the coin will be pegged to the dollar. During this period, the protocol doubles down on real-world assets and a huge amount of ETH can be accumulated.
However, a free-floating DAI could have a major impact on Curve Finance which uses DAI and other stablecoins to generate DeFi return opportunities. The high liquidity pool 3pool will also be affected by the change. The pool may need to be restructured if the coin becomes free-floating.
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