⚠️ I stopped maintaining this website in 2021, but it stays online as an archive. You can find my current writing at hasu.blog. If you want to dig into the old articles or podcast transcripts — have fun!

Maker Dai: Stable, but not scalable

We will take a look at how professional arbitrageurs expand and contract the supply of a stablecoin based on the current demand of the market, how Dai’s model is different and why the lack of a professional arbitrage model makes Dai fundamentally unscalable.