this post was submitted on 19 May 2024
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I went through it, thanks
How exactly will this be the next Terra Luna? Maybe you can explain to me. Sorry It's been a while since I studied all that stuff and the crash happened.
But yeah, looks like they are essentially focusing all their attention on the new fed glowie coin, and pushing "PureDai" into a new DAO altogether, off to the sidelines. It will gain its peg in a fully automated form using decentralized collateral. Maybe that's the Terra Luna part you meant. But if it's overcollateralized then wont it be as strong as original DAI?
How sad. I agree with the last guy. This is sabatoge. Likely that the feds are pushing this in the background, pushing the Founder guy.
terra required too much manual intervention and also aimed to maintain a USD peg. RAI and pureDAI aren't supposed to be like that. so I wouldn't be so pessimistic. I think there is still a way to do it.