Maker

“Now, Maker launched DAI almost a year ago, and it's been in circulation ever since, and has defended its peg against the dollar beautifully, even through the crypto downturn.”

“When we wanted to do a deal with Maker and purchase some of these tokens, there was no legal entity. Behind them. It's a pure open source project, and there was no bank account they had, so there was no way we could send them money. So we actually had to send …”

“I think that banks will continue to do that and Maker basically has no dog in that fight because we don't exist in any single country.”

“Maker's sort of a wrapper for all these other asset types, so fiat-backed stablecoins are one type of asset, but there will be others, gold and, you know, real estate, et cetera.”

“And so, one of the really, really important details about DAI is this idea that there's a lot of different types of assets. So you can imagine supply chain invoices, you can imagine, like, commodities like gold, you can imagine pure cryptocurrencies like Ether…”

“We are very proud to be the first application to be launched on the Ethereum blockchain that is formally verified. There have been experiments with this up to this point. This is the first non-trivial application that will be launched that will have these guar…”

“In the case where one of the collaterals that they accept to be issued against, if they ever make a mistake, and that collateral loses all of its value overnight, then all of the die that was issued against it needs value to be backing it. And so what happens …”