On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good, but “the time is passing” and he believes Makerdao needs “to take the next step and begin integrating with the real world at scale.”
Makerdao Community Proposal Discusses Integrating Real World Assets Into the CDP Equation
A software engineer from the Makerdao team has an idea that he thinks will invigorate the decentralized finance (defi) protocol. Essentially, Makerdao is a collateralized debt position (CDP) or protocol that manages the issuance of the stablecoin DAI. Across various blockchains, data from defillama.com statistics show there are roughly 31 different CDPs and Makerdao is the largest in terms of total value locked (TVL). Today, Makerdao has $16.15 billion TVL, which has increased
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