What Makes DeFi Decentralized? Rune Christensen on Centralized Collateral and Decentralizing Make
Cointelegraph
Published Apr 07, 2020 03:38PM ET
Updated Apr 07, 2020 05:40PM ET
As part of its Black Thursday mitigation efforts, MakerDAO introduced USDC as a form of collateral. While this was an emergency measure, it touched the very sensitive topic of centralized collateral assets in Maker (MKR).
The concept of decentralization underpins the entire existence of crypto, serving as a core ideology. Historically, decentralization has clashed with the need to be pragmatic in creating useful products.
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Written By: Cointelegraph
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