makerdao

One of our Hedge Fund’s core positions is MakerDAO — a protocol with a partially counter-cyclical revenue stream from liquidations. While flash loans had made this income marginal, the market still isn’t fully efficient.

In a recent liquidation of 25,000+ ETH (around $40M), the protocol earned nearly $4.5M in fees just from this one event. And it wasn’t the only one.

Considering Maker's annual net income is currently ~$80M, these one-off windfalls are highly significant. They’re used for token buybacks, especially at a time when MKR has experienced notable drawdowns.

The main risk, in our view, lies on the regulatory front, as stablecoins are shaping up to be one of the most tightly regulated areas in crypto.

Founder of CryptoPlaza. Delegate at dYdX, MakerDAO (Sky), and AAVE. Member of MetaCartel. Ambassador for Superfluid.

Wow. You ever checked out META Dao project? Impressive

I’m just an onlooker. My son was involved in a small way at the beginning and met up with them recently in Salt Lake City. The  $MTN dao project launch yesterday involved futarchy.

I’m just an onlooker. My son was involved in a small way at the beginning and met up with them recently in Salt Lake City. The  $MTN dao project launch yesterday involved futarchy. https://futarchy.metadao.fi/launchpad/projects/a3wqnp5LSi84ShMFwfPgULA3rVaNcL67UwTyccbMDNo

It's still on my to-do list because it looked really interesting. Would you be up for giving us an introduction in a webinar?