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RE: MakerDao Inflationary Practices?

in DeFi Universe5 years ago

It seems to me they are focussed on their profits coming from the Ethereum, not from their own coin. They only care about the value of Ethereum they can justify in demanding as security, so that they can acquire real wealth, instead of their own coins, which cost them altogether...what? $40?

I think they could end up with t least $30 to 50,000 in Ethereum, at which time coronavirus kills them all off and you never hear from them again...

Something like that? Am I wrong?


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Okay. Please explain more.
So are you saying that the MakerDao wealth strategy is accumulate Ethereum. Do they loan out deposited Ethereum or get loans backed by their deposits?