Crypto Community Disagrees as MakerDAO Will Allow MKR to Borrow DAI
- A Twitter user said the co-founder of MakerAO made a disappointing proposal.
- The proposal was that MKR should be used to borrow the DAI stablecoin.
- The BitMEX co-founder compared it to the case of the ill-fated Terra Luna projects.
The crypto community’s attention has been drawn to a tweet by a MakerDAO delegate, PaperImperium, chastising Rune Christensen, a co-founder of MakerAO. The ambassador highlighted a section of the Maker Endgame Documents, a series of recommendations crafted by Christensen with a crude comment.
He said, “It’s devastatingly disappointing to see MakerDAO’s co-founder pushing this plan. It’s as if nothing was learned this cycle.” The contention was that MakerDAO said the MKR token may now be used to borrow the DAI stablecoin by holders that have delegated their governance power to a delegate.
The tweet raised concerns within the crypto Twitter community, with many crypto insiders joining the discussion. Arthur Hayes, the co-founder of BitMEX, compared it to the case of the ill-fated Terra Luna projects, UST and LUNA.
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