MakerDAO Founder Rune Christensen On DeFi's Biggest Test Yet

MakerDAO Founder Rune Christensen On DeFi's Biggest Test Yet

In this week’s episode we speak with Rune Christensen, the founder of MakerDAO, the largest lending platform by assets in decentralized finance and the issuer of the Dai stablecoin. Rune has been in crypto since 2011 and is no stranger to volatility and crazy market conditions. Still, last month was the most shocking for him yet. On March 12th, MakerDAO’s mechanism to heal loans that become under-collateralized broke down amid the market crash, allowing one trader to run off with more than $4 million in free ether. He calls it Maker’s toughest test yet, and he believes the protocol passed it.

Key things we talked about:

  • MakerDAO’s plan to hand control to its community and dissolve the Maker Foundation
  • MKR auction and token whales
  • The decision to add centralized collateral to back Dai
  • Whether Maker will add Bitcoin as collateral and create a euro-pegged Dai
  • Collateral holders who lost 100% of their funds in the March 12 crash
  • Rune’s long-term vision for DeFi and Maker, as an enabler for financial inclusion

Episoder(325)

Omer Goldberg: The DeFi Exploit That Exposed a Bigger Problem

Omer Goldberg: The DeFi Exploit That Exposed a Bigger Problem

A new DeFi exploit triggered millions in losses, but the deeper story is about risk. In this episode, Omer Goldberg, founder of Chaos Labs, explains how the attack unfolded, why the damage spread acro...

30 Mar 41min

How the DTCC is Tokenizing $100 Trillions in Assets | Tom Sullivan

How the DTCC is Tokenizing $100 Trillions in Assets | Tom Sullivan

What happens when the institution at the center of U.S. market plumbing starts putting securities onchain?In this episode of The Defiant, Chris Storaker sits down with Tom Sullivan, Managing Director ...

20 Mar 42min

Will Aave’s New Plan Change DeFi Forever? | Stani Kulechov Explains

Will Aave’s New Plan Change DeFi Forever? | Stani Kulechov Explains

New Podcast with Aave founder Stani Kulechov just dropped: Aave is at a turning point - will the Aave Will Win proposal lead to innovation or chaos? Aave is navigating a pivotal moment with the recent...

13 Mar 52min

Optimism Is Done With “Ethereum Alignment” — Users Come First

Optimism Is Done With “Ethereum Alignment” — Users Come First

In this episode of The Defiant Podcast, Camila Russo sits down with Jing Wang to discuss how Optimism is evolving and why the debate over what counts as a “real” Ethereum L2 might be missing the point...

6 Mar 36min

Did L2 Fragment Ethereum? - With Yuval Rooz, CEO of Digital Asset, Co-Founder of Canton

Did L2 Fragment Ethereum? - With Yuval Rooz, CEO of Digital Asset, Co-Founder of Canton

Layer 2 was supposed to scale Ethereum.But what if it fragmented it instead?In this episode, we break down:• Why public chains are “expensive databases”• Why composability is Ethereum’s real value• Wh...

27 Feb 51min

The Bitcoin Renaissance Legacy : Beyond Digital Gold Ep. 2

The Bitcoin Renaissance Legacy : Beyond Digital Gold Ep. 2

Bitcoin Renaissance or JPEG Hype?In 2023, Bitcoin had what many called a renaissance.NFTs on Bitcoin.BRC-20 tokens.Runes.10x transaction spikes.Fee revenue surging to levels not seen since 2017.And th...

26 Feb 20min

Why DAO Governance Always Turns Political

Why DAO Governance Always Turns Political

"In a decentralized governance system, it's unavoidable to develop politics."Rune Christensen explains why DAO governance becomes a struggle for resources, how the "iron law of bureaucracy" emerges, a...

20 Feb 55min

Robinhood’s Crypto Head Johann Kerbrat on Why Public Blockchains Will Win

Robinhood’s Crypto Head Johann Kerbrat on Why Public Blockchains Will Win

Robinhood is opening the testnet for its Arbitrum-based Ethereum Layer 2. In this episode, we sit down with the fintech’s head of crypto, Johann Kerbrat, to discuss the strategic move to build on Ethe...

11 Feb 41min

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