MakerDAO Fights Back, Lido’s New v2 Protocol, a16z and Uniswap Voting
The past week or two has started to get interesting in crypto land! I was pleasantly surprised to see some of the action going on and thought I’d provide my 2c on what I think all of this means and where we might be trending with these.
MakerDAO’s Spark Protocol
Last year in July, Aave released a stablecoin that it was going to launched called GHO. You can read my take on it here:
I always said that no matter how “friendly” Aave makes it out to be, the knives will come out. I just didn’t think they’d be that blatant. MakerDAO’s basically launching an Aave fork (to the UI even), and making DAI the primary stablecoin in this lending market. Wild. Rune’s more aggressive control over MakerDAO is starting to show and I’m all for it. MakerDAO is very profitable given they literally print money.