Panel I The Future of Algorithmic Stablecoins | Pragma Istanbul 2023 скачать в хорошем качестве

Panel I The Future of Algorithmic Stablecoins | Pragma Istanbul 2023

Join Stani Kulechov, Founder of Aave, and Rune Christensen, Founder of MakerDAO, as they sit down with ETHGlobal’s Kartik Talwar at Pragma Istanbul 2023 for an in-depth conversation on the future of algorithmic stablecoins. \ This session explores how stablecoins like GHO and DAI are evolving in response to market demands, the critical role of user adoption and yield, and how new models like Maker’s Endgame and subDAOs are shaping the next phase of DeFi governance and scalability. Rune unpacks MakerDAO’s transition from a monolithic protocol to a modular ecosystem of subDAOs, emphasizing alignment engineering and decentralized control. Stani discusses Aave’s strategy behind launching GHO and how protocol design, liquidity guarantees, and governance minimalism are influencing product decisions. The conversation also covers the challenges of stability, governance complexity, real-world integration, and the long-term viability of decentralized currencies. Whether you’re building in DeFi, researching stablecoins, or looking to understand what comes next in Web3 finance, this talk delivers deep insights into the infrastructure powering the decentralized economy. 00:00 Introduction to panel on algorithmic stablecoins 00:58 MakerDAO’s new direction and user demand 03:12 Yield as a growth strategy for Maker 05:18 Why Aave launched GHO stablecoin 08:31 Measuring stablecoin success: supply vs. demand 10:01 Stablecoins for payments and global GDP 13:59 What is Maker’s Endgame strategy? 17:46 SubDAOs and decentralizing Maker governance 21:34 Aligning subDAOs with MKR holders 26:36 Stani’s take on governance minimalism 30:20 Stability management and DAO alignment 33:49 Alignment engineering and self-healing DAOs 36:49 Is GHO a product or a protocol? 39:31 MakerDAO’s upcoming rebrand 41:09 Aave’s user-first stablecoin product strategy 44:11 Organic growth and adoption of GHO 45:17 Advice to each other and cross-protocol insights 47:08 Audience Q1: Future of seigniorage stablecoins 48:19 Audience Q2: STI integrations, real-world growth 50:45 Closing remarks and appreciation _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇹🇷 Pragma Istanbul The sixth edition of Pragma took place in Istanbul in November 2023 with a curated series of high-quality talks that sparked thought and discussion. Pragma Istanbul 2023 was an opportunity discuss the future of web3 and reflect on the past. Watch the full Pragma Istanbul 2023 playlist here:    • Pragma India 2023   ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube:    / ethglobal   _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _