Maker DAO/Stablecoin Built on Ethereum

Any thoughts on the viability of this project? They plan to peg to the SDR.

1 Like

Dao uses the same mechanism as Nu and bitasset: the value of the stable coin is leveraged from the underlying share token. Basically, it’s nothing new and the only reason it would succeed where others failed would be because of a bigger budget.

hi @Halcyonic, there is an open thread

Xpost Maker, a central bank DAO deployed on Ethereum issuing the eDollar (USD pegged) [PROJECT]

Woops, should I delete this one?