Welcome to the Cutting Block! Crypto insiders Haseeb Qureshi, Tom Schmidt and Robert Leshner have taken a look at the latest news from the digital asset industry. In this episode, Governance Foodie Hasu and Rune Christensen, Head of Mischief at MKR, discuss how to run a DAO, their respective visions for MakerDAO, and more.
Show topics:
- What is MakerDAO, how DAI works and if it is the “central bank” of DeFi
- How MakerDAO’s Views of Hasu and Rune Differ
- If Maker should only hold highly liquid collateral assets
- Hasu’s mental model of DAI in Eurodollars
- The role of real-world assets in supporting DAI
- What is the purpose of a DAO and how it differs from a legal entity
- If people behave in their purest form within a DAO
- How DAI can create positive externalities and create a better world
- How Crypto Holders Are Not Just In It For The Money But Also For The Philosophy
- What is the “decentralized stablecoin trilemma”
- If there is a need for dollar-denominated collateral for DAI to work
- What is “clean money” according to Rune
- Why Rune thinks having one council isn’t viable due to political risks and if the solution is to have multiple councils
- How to Master the Principal-Agent Problem, According to Hasu
- Why Hasu Thinks Council Members Wouldn’t Pursue Their Own Interests and Go Against MKR Token Holders
- If advice would be corruptible and the dangers that entails
- What types of interests should be represented on the board
- If Maker can create more synthetic assets
- Iron law bureaucracy and its relationship to governance
- How to design the DAO to be piloted in alignment with token holders
- If ossification is a feature to pursue and where innovation occurs
- How complexity is very expensive for an organization
Hosts
- Haseeb Qureshi, Managing Partner at Dragonfly Capital
- Tom Schmidt, General Partner of Dragonfly Capital
- Robert Leshner, Founder of Compound
Hasu
Rune Christian
Episode links
ManufacturerDAO
Real world assets:
The stablecoin trilemma: https://fluid.ch/stablecoin-trilemma/#:~:text=A%20deeper%20dive%20into%20the,decide%20on%20the%20stablecoin%20supply.