Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!
https://forum.makerdao.com/t/reconciling-the-two-opposing-paths-for-decentralized-stablecoins/24280
It will become the next Terra Luna. They should make it new projects but they want MKR tied to its governance. Its all a cash grab and so sad. Thank you for the alternatives.
I went through it, thanks
How exactly will this be the next Terra Luna? Maybe you can explain to me. Sorry It’s been a while since I studied all that stuff and the crash happened.
But yeah, looks like they are essentially focusing all their attention on the new fed glowie coin, and pushing “PureDai” into a new DAO altogether, off to the sidelines. It will gain its peg in a fully automated form using decentralized collateral. Maybe that’s the Terra Luna part you meant. But if it’s overcollateralized then wont it be as strong as original DAI?
How sad. I agree with the last guy. This is sabatoge. Likely that the feds are pushing this in the background, pushing the Founder guy.