Dixon: DeFi Protocols Handled 2022 Market Turmoil Without Breaking
“And I think the other important thing to note is that during the volatility and downturns, when you had the failure of FTX and BlockFi and Celsius, all of these blockchain services worked perfectly. I should say the good ones, like Compound, Aave, Uniswap, Mak…”
Garg: DeFi protocols like Maker and Aave did not fail in 2022
“DeFi worked. DeFi didn't fail here. Maker is still going. Frax is still going. Ethereum is producing blocks. You can send money around using stable coins. You can still take money out of Aave. All the systems that are designed to be over collateralized and res…”
Ginns: Aave outpaced lending peers through rapid innovation and novel products
“So we saw this greater level of engagement. We saw a fast pace of innovation, and then we were tracking engagement with the protocol itself and really just saw that they were seeing a lot of adoption and outpacing Some of their peers really because of the new …”
Milenius: Traditional banks will continue to exist alongside Maker
“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.”
Milenius: Diversified asset pools protect DAI against single-asset failures
“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…”
Milenius: Maker mints MKR to cover bad debt during collateral crashes
“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 …”
Milenius: Maker is Ethereum's first formally verified non-trivial application
“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…”
Walden: Maker will accept real-world assets like gold and real estate
“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.”
Carlson-Wee: Polychain bought Maker tokens via Ethereum because Maker lacked bank accounts
“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 …”
Yahya: DAI maintained its US dollar peg throughout the crypto downturn
“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.”