Building @ajnafi | Connecting DeFi to TradFi @ RWA Co. | MP @ Distributed Capital ... Formerly Head of Business Development @makerdao + lifelong trader
Aug 30, 2022 • 38 tweets • 9 min read
A thread summarizing the latest Maker Drama™
How we went from onboarding a US Commercial Bank to discussing how to depeg from the US dollar in less than two months. (1/38)
First some context. MakerDAO uses token governance to make changes to the protocol.
Most changes can be boiled down to (a) new credit lines, aka "debt ceilings", (b) new expenditures, mainly for "core units" of contractors. (2/38)