- Successor to Dai, aimed at mass adoption with RWA backing and regulatory compliance.
- Maintains a dollar peg, focusing on utility, yield, and resilience.
- Will eventually have a freeze function for legal compliance, implemented via governance vote.
PureDAI
- Focuses on pure decentralization with decentralized collateral like ETH and stETH.
- Features no governance or budgets and will be immutable upon release.
- Available after a few years, independent of MakerDAO.
Plus, if you include the airdrops received from holding ETH, SOL, NEAR, APT, SUI, their performance is even better than in the table above.
Yeah, memecoins did the best but there are hundreds of memecoins so hard to pick a winner and easy to dilute your cash.
Finally, L2s are non-productive assets:
You can't stake them for native rewards (exceptions are $STRK, $MNT, and $METIS), can't use them as gas tokens, and the inflation from unlocks is typically too high.
Plus, their own ecosystem protocols rarely reward holders of L2 tokens.