MakerDAO Founder: UST Was a ‘Big Ponzi Scheme’

Name: MakerDAO Founder: UST Was a ‘Big Ponzi Scheme’
Uploaded: 2022-05-19T14:24:59Z
Duration: 11 min 663 s
Description: In the aftermath of TerrUSD’s (UST) $14 billion collapse, Rune Christensen, founder of MakerDAO, a decentralized credit platform on Ethereum that supports the Dai (DAI) stablecoin, discusses why UST was “basically a big ponzi scheme” and what makes DAI different. Plus, reacting to Terra’s revival plan and “community bond.”

May 19, 2022

In the aftermath of TerrUSD’s (UST) $14 billion collapse, Rune Christensen, founder of MakerDAO, a decentralized credit platform on Ethereum that supports the Dai (DAI) stablecoin, discusses why UST was “basically a big ponzi scheme” and what makes DAI different.

Up Next

Bitcoin Slips to $42K From Last Week's Yearly High; Ledger CEO on Future of Hardware Wallets

40:07

The last regression video of the year 3.67.0

Dec 12, 2023

Crypto Will See 'a Lot More Proactive Enforcement' Thanks to the Four Horsemen of the Cryptocalypse: Columnist

01:28

Video regression for 3.54.0 release [no, no]

Jun 16, 2023

04:48

Celsius’ Crypto Customers Face New Challenge in Retrieving Deposits

Oct 6, 2022

10:12

Bitcoin Mining Is About to Get Tougher With Difficulty Primed for Another Sharp Rise.

Oct 7, 2022

View all

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.