‘Completely pointless’ Maker Foundation to dissolve

https://modernconsensus.com/cryptocurrencies/alt-coins/completely-pointless-maker-foundation-to-dissolve/

MakerDAO founder Rune Christensen unveiled proposals yesterday that will effectively cause what he believes has become a “completely pointless” Maker Foundation to dissolve over the next few years, allowing the decentralized autonomous organization live up to its name.

DAI another day: USDC can be used as collateral at embattled MakerDAO

https://modernconsensus.com/cryptocurrencies/dai-another-day-usdc-can-be-used-as-collateral-at-embattled-makerdao/

A major reservation with accepting USDC as collateral lied in how the stablecoin is centralized. This is a significant departure from Maker’s stance of ensuring DAI is only backed by decentralized assets—as USDC is the brainchild of Coinbase and Circle, major players in the crypto industry. As MakerDAO’s (now out of date) white paper noted: “Unlike other Stablecoins, DAI is completely decentralized.”