We're joined by Rune Christensen, CEO and Co-Founder of MakerDAO. We discuss the rise of Maker DAI as an algorithmically backed stable token and get into the weeds of the new version featuring multi collateral DAI as well as the ability to natively generate interest on DAI. We also cover the current governance model and how this can be attacked. The governance will undergo an overhall for the new version of Maker, introducing an Emergency Shutdown that can be triggered through MKR holders and promises to make the system more resilient. Lastly, we venture into what Rune hopes the future will bring for MakerDAO.

Topics discussed in this episode:
- Recap of how single collateral DAI is kept at peg of 1 USD
- Why was DAI intermittently trading at 1USD
- Governance functions exercised by MKR holders
- Sale of MKR tokens and MKR distribution
- Is the current governance model satisfactory?
- New governance mechanisms to be rolled out soon
- Introduction of multi collateral DAI
- Interest generating DAI: Implementation…

Happy 5th birthday to #ethereum! I will never forget the day we launched the #ethereum network from the small #EthDev office in Waldermarstr. Some 📸 from that day for the OGs to reminisce and the newer guys to learn 👇

# Avalanche and Polkadot  *There are apparently some misconceptions about the Polkadot protocol with

@gavofyork You, me, @stephenbuttolph, @kevinsekniqi, and @el33th4xor gotta have a little chat about this: I’ll open with, I wouldn't be surprised if I misunderstand things about Polkadot. I also know it wouldn’t change facts: that your claims can’t work.

To clarify, these are two unrelated concepts. The first one talks about unbiased bootstrapping, which by the way, you need to assume as well, GRANDPA. Data validation is a VM implementation issue, not consensus. You want a blockchain you validate all the way up? VMs can have one.