Alex Van De Sande on Dai

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Alex Van De Sande is a designer and frontend developer at the Ethereum Foundation. He helped design the Mist Browser for Ethereum.

Ethereum Foundation

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MakerDao is the company behind Dai, a stablecoin. One DAI is pegged to 1 USD.


Dai reviews by Alex Van De Sande

πŸ”‘ 4 positive | πŸ’© 0 negative


  • πŸ”‘

    A zero knowledge DAI implementation working live on the main chain: …
    Programmable, private, stable. We're slowing approaching the holy grail of currencies.

    2018-11-30 | Full Review

  • πŸ”‘

    The new DAI will include a Saving Rate, which is controlled by a Stability Fee, which is controlled by a Rates Policy Oracle which in turn is set by a Maker Global vote. At this point it's better to describe them as a on-chain central mint than simply an algorithmic stablecoin.

    But don't take that as a criticism. Highly complex governance structures, with multiple competing incentives that try to align the Nash equilibrium to the desired outcome (in this case, "Dai still at one dollar") is exactly why Ethereum was built.

    2018-11-21 | Full Review

  • πŸ”‘

    Baby started saying "dai-dai-dai" and I'm very proud she understands how the price stability of the Dai is not only a refuge during very volatile periods, but that it reminds us of the real value of the platform that allows a correct implementation of underlying mechanisms.

    2018-09-10 | Full Review

  • πŸ”‘

    MakerDAO, seems to be working fine. Just needs more diverse collaterals

    2018-02-02 | Full Review

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I don't support "Ethereum Classic."

2016-07-15 | Full Review


Ethereum Classic is what happens when original developers and a whole community decide to leave an old chain to die on the side of the road. Instead, it survived and came back with a vengeance. It’s inspiring, really.

2018-06-17 | Full Review


Gnosis isn’t an Augur clone. Gnosis is doing great work independent from Augur and it’s great to have more than one company working on prediction markets.

2018-05-19 | Full Review

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The collateralized model (e.g. MKR, and not Tether) is fundamentally hard to argue against.

2018-05-21 | Full Review


Maker and Dai. Dai users return capital to MKR owners through the burn mechanism. At this point, the value of MKR (the derivative) is about 18x the value of Dai (the underlying). Channelling my best Matt Levine here: "This seems... wrong."

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-05-11 | Full Review


Synthetic assets have existed for a long time and it's clear that they work, modulo the tradeoff between tail risk and capital inefficiency. That's all stablecoins are....DAI is about getting exposure to the dollar without holding it.

2018-04-21 | Full Review

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